Major European bourses traded lower on Thursday, with both the STOXX 50 and STOXX 600 down 0.4% as investors digest fresh corporate earnings, look ahead to the European Central Bank's upcoming policy decision and continue to follow the trade war.
Hermes shares fell 3% after the luxury brand reported a 7% year-on-year revenue increase in Q1, falling short of expectations for 7.6%. In contrast, Siemens Energy surged nearly 10% after the company raised its outlook for fiscal 2025, with first-quarter revenue and profit also exceeding forecasts.
Meanwhile, the ECB is widely expected to deliver another 25 basis point rate cut today. On the trade front, optimism rose after President Donald Trump claimed "big progress" in trade talks with Japan, fueling hopes of potential deals with other countries.
Source: Trading Economics
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