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european shares decline amid trade war fears and mixed corporate earnings
European shares fell, led by financials, as fears of a trade war between the U.S. and China intensified following China's announcement of tariffs on U.S. imports. The pan-European STOXX 600 index dropped 0.3%, with UBS's quarterly earnings contributing to market unease. Diageo's shares fell 3.6% after it withdrew its medium-term sales growth target due to U.S. tariffs impacting its products.
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