European stocks advance after the Iran deal

Source: Bloomberg
European stocks surged, as Iran accepted to retrain its extensive nuclear program and companies reported gains. The Stoxx 600 index gained 0.4%, after last week it dropped 0.1%, which was the first decline in more than a month. The Fresenius AG surged the most 7.9%, after the U.S. plan to reduce Medicare payments for next year. 

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