European Markets Steady as Investors Weigh Earnings and Await U.S.-EU Trade Outcome
European stocks were mostly flat in early trading on Monday as investors digested a mix of corporate earnings results and looked ahead to potential progress in U.S.-EU trade negotiations.
As of 0719 GMT, the pan-European STOXX 600 index was down a marginal 0.01%, trading at 546.97 points.
U.S. Commerce Secretary Howard Lutnick expressed optimism on Sunday about reaching a trade agreement with the European Union before the August 1 tariff deadline, describing the negotiations as having “plenty of room” for a deal following discussions with EU officials.
In sector performance, basic resources led gains with a 2.6% increase, while the automobile sector slipped 0.3%.
Among individual stocks:
- Ryanair surged 5.8%, ranking among the STOXX 600’s top performers after the budget airline reported its net profit more than doubled in the April–June quarter.
- In contrast, Stellantis dropped 2.4% after projecting a €2.3 billion net loss for the first half of 2025.
Elsewhere, China’s foreign ministry announced that European Commission President Ursula von der Leyen and European Council President Antonio Costa are scheduled to meet Chinese President Xi Jinping on Thursday.
