European Stocks Cautious
European stocks opened the week on a cautious note, with both the STOXX 50 and STOXX 600 hovering near the flatline as investors closely monitor ongoing trade developments and digest a fresh wave of corporate earnings.
No breakthrough has yet been achieved in the trade negotiations between the EU and the US. While talks are still underway, reports indicate that the EU is preparing retaliatory measures should an agreement fail to materialize before the US imposes a 30% tariff on European imports from August 1st.
On the corporate front, Stellantis shares fell nearly 1.7% after the automaker warned it expects to report a €2.3 billion net loss for the first half of 2025. The announcement weighed on the broader auto sector, with VW (-0.7%), BMW (-0.5%), Renault (-0.2%), and Mercedes-Benz (-0.2%) also posting losses.
In contrast, BP rose 0.6% following the announcement of a new CEO, while Ryanair surged over 5% after reporting that its first-quarter net profit more than doubled.
Source: Trading Economics
