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5/15, 5:30 PM (Source: TeleTrader)
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Europe ends day of trading with gains

European markets closed higher on Wednesday following reports that United States President Donald Trump is planning to postpone enforcing a new set of car tariffs for the next six months. The White House should make a final decision by May 18, but may take another three months as the negotiations on the matter are still ongoing.

The FTSE 100 closed 0.64% higher. The DAX ended the day of trading 0.86% in the green. Bayerische Motoren Werke (BMW) closed as the best trading stock, advancing 3.24% in the last moments of trading. The CAC 40 added 0.49% at the end of the day.

The euro was flat compared to the dollar, changing hands for 1.1202 at 5:30 pm CET.

Breaking the News / SS