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June 26, 2025

European Stocks End Mostly Higher, Led by Defense Gains

Ankara: European stocks closed Thursday up, except for France, as investors rushed to defense stocks after NATO announced a decision to increase defense budgets of members to 5% of their gross domestic products (GDP). The pan-European Stoxx 600 index …

German Automotive Industry Sees Continued Decline in June

Istanbul: Germany’s automotive sector remains mired in a prolonged downturn, with the Ifo Business Climate Index for the industry dropping for the third consecutive month in June to minus 32.2 points, down from minus 31.7 points in May, the Ifo Instit…

US Initial Jobless Claims Drop by 10,000 Last Week

Washington: The number of Americans filing first-time unemployment claims fell by 10,000 to 236,000 last week, according to Labor Department data released on Thursday.

According to Anadolu Agency, the figure came below the market forecasts of 244,00…