European markets were mixed on Tuesday as investors assessed a wave of earnings for signs of how US tariffs and global uncertainty are affecting companies. The Stoxx 50 was down 0.2% while the Stoxx 600 rose 0.2%, though the autos sector slipped 0.4%, led by Volvo Cars, which reported a sharp drop in Q1 profit and suspended its full-year guidance. The Swedish automaker also announced SEK 18 billion ($1.87 billion) in cost cuts. Porsche fell 7.4% after cutting its sales and margin forecasts, citing US tariffs. In banking, HSBC beat Q1 estimates despite year-on-year declines in profit and revenue, and Deutsche Bank gained 3.1% on stronger-than-expected profit. Meanwhile, Lufthansa slid 1.6% as it warned of rising risks and weaker transatlantic travel demand. Adidas reported a 155% jump in Q1 profit and said it would raise US prices in response to tariffs. BP missed profit expectations amid falling oil prices and ongoing strategic shifts.

Source: trading economi