European stock markets lacked direction on Wednesday, with the STOXX 50 and STOXX 600 fluctuating around the flatline, with the recent rally, fueled by easing global trade tensions, showing signs of losing steam. Travel and leisure, real estate and oil and gas stocks led gains, while media, utilities and chemicals lagged.
Traders were also closely watching corporate earnings. Daimler Truck Holding rose about 1% after the company cut its full-year outlook but maintained margin expectations for its North American truck division. E.ON edged up 0.2%, reaffirming its full-year guidance. Meanwhile, Burberry Group jumped nearly 8% after announcing several organizational changes. (Newsmaker23)
Source: Trading Economics
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