European stocks closed near the flatline on Tuesday (25/2), the fourth straight session of flat movement as markets continued to assess the prospect of higher government spending by European governments and the impact of trade barriers imposed by the U.S. The eurozone STOXX 50 closed 0.1% lower at 5,448 and the pan-European STOXX 600 gained 0.2% to 554. German carmakers were among the biggest gainers despite U.S. President Trump's announcement that the U.S. would follow through on earlier tariff threats against Mexico, a major manufacturing hub for European writers. Volkswagen, BMW and Mercedes-Benz rose between 3.6% and 1.5%. Banks, meanwhile, outperformed, with UniCredit, Intesa Sanpaolo and BNP Paribas jumping close to 2%. On the other hand, ASML and Infineon fell close to 3% after the U.S. president threatened to clamp down on China's tech industry. Additionally, Novo Nordisk rose 3% after US-based Hims & Hers said it would stop selling an alternative to Wegovy.(Newsmaker23)
Source: Trading Economics
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