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European shares subdued as rising yields offset earning gains

FILE PHOTO: German share price index DAX graph is pictured at the stock exchange in Frankfurt

European shares had a relatively uneventful trading session on Wednesday, as gains from positive earnings reports were countered by rising bond yields. The mixed sentiment among investors resulted in a largely flat performance across European stock markets.

Earnings season continued to drive market dynamics, with several companies reporting better-than-expected results. However, these positive developments were overshadowed by concerns over rising bond yields, causing some investors to adopt a cautious approach.

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