European stock markets traded mostly higher on Wednesday as investors digested a wave of earnings and Eurozone GDP data. The Stoxx 600 rose 0.4%, extending its longest winning streak since January, while the Stoxx 50 was flat to slightly lower.
Autos gained nearly 1%, supported by a softer stance on US automotive tariffs after President Trump signed an order reducing duties on inputs like steel and aluminum, though the 25% vehicle import rate remains.
In corporate updates, Stellantis (+2.5%) suspended its full-year outlook due to trade risks. UBS (+2%) beat expectations with a $1.692B profit, aiming to recover recent share losses. Barclays (+1.7%) also posted better-than-expected results, helped by investment banking.
In contrast, Volkswagen (-2%) saw profit fall under tariff pressure, while TotalEnergies (-3.3%) reported a sharp earnings drop on weaker crude prices and refining margins.
Source: Trading Economics
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