European Stock Indices Close Lower
Brussels, July 21 (QNA) - European stocks closed lower Monday after a volatile session as investors assessed a mixed set of earnings and awaited the outcome of ongoing trade negotiations between the United States and the European Union (EU).
The pan-European Stoxx 600 index closed down 0.1 percent, as declines in healthcare stocks such as Roche and Novo Nordisk offset gains in mining companies.
Stellantis said Monday it expects a net loss of EUR 2.3 billion ($2.68 billion) for the first half of 2025, as the automaker faces the dual challenge of developing its products while also dealing with the impact of US tariffs.
Shares in automakers swung between up and down throughout the day before closing up around 1.5 percent.
Ryanair shares jumped 5.7 percent after Europe's largest low-cost airline reported a more than doubled quarterly profit.
Shares in other airlines, such as Lufthansa and easyJet, also rose by about 1 percent each.
Delivery Hero saw its biggest one-day jump in more than a year, rising more than 16 percent.
Shares in mining companies Glencore, Anglo American, and Antofagasta rose between 3 and 5 percent, tracking a rise in industrial metals prices after China pledged to stabilize its industrial growth and on hopes for further stimulus. (QNA)
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