European shares climbed on Wednesday, buoyed by hopes of a trade agreement between the European Union and United States after Japan struck a deal that lowers tariffs on its autos, sending Japanese stocks to a one-year high.

“Further euro strength is likely to be self-defeating,” said Valentin Marinov, a currency strategist at Crédit Agricole, a French bank. Exports were already likely to weaken and become a drag on the eurozone economy because of U.S. tariffs and European government policies that would encourage more imports.

The European Union dominates critical pharmaceutical imports into the United States, making the 30% tariffs Trump threatened to go into effect Aug. 1 particularly risky.

They waved goodbye to fans and their shared Women’s European Championship title hopes inside Stade de Genève, which had been a joyous second home for them in Switzerland. Less than hour earlier, Italy had been little more than one minute away from ...

Italy coach Andrea Soncin found solace in heartbreak after his side came within one minute of reaching the Euro 2025 final, saying it was an encouraging sign that they came so close before losing 2-1 to England in extra time on Tuesday.