European Stocks Tumble Amid Trade Tensions and Earnings Uncertainty
European stocks closed marginally lower as the STOXX 600 dropped by 0.1%, influenced by a mix of corporate earnings and ongoing trade talks between the U.S. and EU. Notably, Ryanair shares surged, while trade dealings and U.S. tariff threats heightened investor anxieties, driving attention towards safe-havens like gold.
European stocks faced a turbulent session on Monday, ending in negative territory due to mixed corporate earnings and nervous anticipation surrounding U.S.-EU trade negotiations. The STOXX 600 index saw a slight dip of 0.1%, primarily impacted by declines in healthcare stocks, including Roche and Novonordisk, though gains in the mining sector helped limit losses.
Stellantis reported challenges on the horizon, forecasting a €2.3 billion net loss for the first half of 2025, attributed to product revamps and U.S. tariff strains. Contrastingly, Ryanair witnessed a substantial 5.7% rise following a significant profit jump, while airlines like Lufthansa and EasyJet posted modest gains amid looming trade discussions.
Tension is heightened with U.S. President Trump's tariff threats casting a shadow over European markets, pushing investors towards safe-haven assets such as gold and bonds. Meanwhile, miners like Glencore experienced positive growth fueled by industrial metal price hikes and Chinese economic commitments, as the ECB's upcoming policy announcement remains highly anticipated.
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