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FINANCIALS PROP UP THE STOXX, FTSE LAGS
European shares got off to a slightly positive start on Tuesday, with financials providing the biggest uplift on a heavy day for bank earnings - Deutsche Bank DBKGn.DE, HSBC HSBA.L and BBVA BBVA.MC all surged after topping market expectations.
The region wide STOXX 600 .STOXX was last up 0.3%, also supported by gains across industrials and tech, while healthcare and energy were top drags, with London-listed heavyweights AstraZeneca AZN.L and BP BP.L both under pressure.
The British drugmaker was burdened by news it could face a 8 million fine in China over suspected unpaid import taxes, while a profit miss penalised BP.
As a result, the UK's blue chip FTSE 100 .FTSE index lagged the broader European stock market. It was last unchanged.
(Danilo Masoni)
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