European Stocks Struggle for Direction, Earnings in Focus
Both the STOXX 50 and STOXX 600 hovered around the flatline on Thursday after nearly 1% losses in the previous session, as traders remained focused on corporate earnings and monitored developments in the trade war and the situation in Ukraine.
On the corporate front, shares of Schneider Electric rose more than 5% after the company reported record annual sales and profits. In contrast, Mercedes-Benz fell over 3% after reporting a 40% drop in its car division's 2024 earnings. Renault also declined 1.3% as the group's FY24 net income decreased, while Airbus lost 2.5% after its results disappointed investors.
Source: Trading Economics