European stocks erased early gains on Thursday, with the STOXX 50 closing flat at 5,377 and the STOXX 600 down slightly to 548, each up more than 1% during the session.
Initial optimism following a ruling by the U.S. Court of International Trade, which found that President Donald Trump had exceeded his authority in imposing reciprocal tariffs and ordered the government to stop collecting them, faded as investors weighed the possibility that the administration would pursue alternative legal avenues to defend its trade policies.
Attention also turned back to the U.S. economic outlook amid weak data. Auto Trader was the worst performer, down 11.3% after the company's annual earnings missed expectations. Thyssenkrupp fell 5.4% and Novo Nordisk and Siemens dropped 2.4%. (alg)
Source: Trading Economics
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