European Stocks Little Changed but Poised for Monthly Gain
Both the STOXX 50 and STOXX 600 fluctuated near the flatline on the final trading day of May, as investors acknowledged that uncertainty surrounding the US trade war is likely to persist.
A federal appeals court temporarily reinstated President Donald Trump’s tariffs, just one day after a trade court had ruled that he had exceeded his authority.
Meanwhile, US Treasury Secretary Scott Bessent noted that trade negotiations with China were “a bit stalled”. Among sectors, real estate outperformed, while mining and technology lagged.
On the corporate front, shares of Sanofi fell more than 5%. Despite the day’s muted performance, both major European indices are on track to close the month up around 4%, their strongest monthly gain since January.
Source: Trading Economics
