European stock markets closed lower, with Germany’s DAX down 3.5% and the pan-European Stoxx 600 experiencing its largest drop since August 2024, falling 2.2%. Unemployment in the euro area remained steady at 6.2%, but signs of softening labor demand are emerging. Meanwhile, shares of Aberdeen surged 10.5% after reporting higher profits and setting ambitious growth targets, while Continental’s shares fell 8% due to declining sales despite increased profits.
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