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European stocks pared earlier losses as expectations grew that Iran and the US are about to resume peace negotiations.
The Stoxx Europe 600 Index traded 0.3% lower as of 12:55 p.m. in London, trimming an earlier drop of as much as 1%, after Pakistani officials saidBloomberg Terminal Iran’s foreign minister is expected in Islamabad Friday night for a second round of peace talks. US logistics and security teams are already in Islamabad, they said. The news sent Brent crude sliding to about $104 a barrel, after they earlier topped $107.
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