• Thu, Mar 5, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Market & Economic Intelligence Platform Insight on Macro, Commodities, Equities & Policy

3 June 2025 00:21  |

European Stocks Fall Led by Autos

The Stoxx 50 fell 0.3% and the Stoxx 600 went down 0.1% on Monday as European markets started June on a cautious note amid renewed trade tensions.

US President Trump’s plan to double tariffs on imported steel and aluminum to 50% raised fears of a new global trade conflict. The EU warned of possible retaliation, which dragged down auto stocks, the worst-performing sector, with Stellantis tumbling 5% and Mercedes, BMW, and Volkswagen falling up to 2.7%. Luxury and media stocks also slipped.

On the other hand, oil stocks climbed 1.4% as crude prices jumped after a smaller-than-expected OPEC+ output hike. Babcock and QinetiQ surged on news of UK plans to expand its nuclear sub fleet. Sanofi dropped 1.8% after announcing a $9.1 billion acquisition of Blueprint Medicines.

On the data front, manufacturing PMI showed signs of stabilization in the Eurozone, though Germany remained weak. Investors now turn their focus to the ECB’s expected rate cut decision on Thursday.

Source : Trading Economics

 

Related News

MARKET UPDATE

Asian Stocks Down, Focus on Korea, Middle East

Asian stocks started the week on a weak note, as investors grappled with South Korea’s political turmoil and awaited fresh ...

9 December 2024 07:43
MARKET UPDATE

Asian Stocks Drop as Trump’s Tariff Deadline Nears

Asian shares slumped at the open as White House pushing ahead with sweeping tariffs on trading partners including a 104% le...

9 April 2025 07:25
MARKET UPDATE

Asian Stocks Fluctuate on Hints of Tariff Relief

Stocks remained volatile in Asia after U.S. Commerce Secretary Howard Lutnick suggested the Trump administration may lift som...

5 March 2025 07:32
MARKET UPDATE

Asian Stocks in Narrow Range, Yen Crosses Key Level

Asian stocks traded in a narrow range after U.S. stocks fell from record highs as a disappointing forecast from the world’s...

21 February 2025 07:43
BIAS23.com NM23 Ai