Both the STOXX 50 and STOXX 600 hovered around the flatline on Thursday, as bond market pressures eased and yields edged lower. Traders remained focused on upcoming US labour market data to gauge the Federal Reserve's next move, with a rate cut this month now almost fully priced in.
Trade policy developments also drew attention after President Trump urged the Supreme Court to swiftly hear his appeal to overturn last week's ruling that declared most tariffs illegal. Travel stocks were among the weakest performers, with Jet2 plunging 13.8% after cutting its winter 2025–26 capacity outlook amid a "difficult market." The announcement weighed on peers Ryanair (-2.7%), easyJet (-4.5%), and TUI (-4.7%). By contrast, technology shares gained ground, with SAP up 0.7% and ASML Holding 0.9% higher.
Source: Trading Economics
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