Source: Sharecast
The pan-regional Stoxx 600 was down 0.03% in early deals at 546.8, with France’s CAC 40 down 0.12% and Germany’s DAX flat. Investors are eyeing corporate earnings from the US this week.
“As the earnings season moves into full swing on both sides of the pond, the underlying concerns around tariffs and economic strength continue to linger," said Interactive Investor head of markets Richard Hunter.
"In the US, reports that the president would be looking at tariffs of between 15% and 20% on the EU – a move likely to result in some aggressive retaliatory action – was enough to take the shine off the recent run which has seen another testing of record highs for the main indices."
In equity news, autos stocks fell after Stellantis said it expected a net loss of €2.3bn in the first half of the year due to pre-tax net charges and the early effects of US tariffs.
Ryanair shares soared as the low-cost carrier more than doubled first quarter profits.
Reporting by Frank Prenesti for Sharecast.com