European Stocks Down
The STOXX 50 fell 0.5% and the STOXX 600 fell 0.4% on Thursday, extending losses from the previous session, as traders continued to worry about the inflation outlook and the potential impact of Trump’s additional trade tariffs.
Investors also digested minutes from the last FOMC meeting that showed the Fed’s concerns about inflation and signaled a slowdown in the pace of interest rate cuts.
Retail and bank stocks led the losses, with Societe Generale (-1.8%), BNP Paribas (-1.7%) and UniCredit (-0.8%). Autos were also under pressure, including BMW (-1.4%), Mercedes-Benz (-1.2%) and VW (-1.2%).
Financial services and healthcare, on the other hand, managed to hold on to the green, including Novo Nordisk (0.8%).
Source: Trading Economics