The STOXX 50 was down 0.6% and the STOXX 600 slipped 0.3% on Wednesday, as investors focused on a fresh wave of corporate earnings.
ASML Holding shares tumbled more than 6% after the company warned of no growth potential in 2026, citing macroeconomic and geopolitical uncertainties, including the risk of tariffs on new systems and parts shipped to the US and potential retaliatory measures from other countries.
Despite these concerns, ASML beat Q2 estimates on both revenue and earnings. Other notable decliners included AstraZeneca (-1.3%), Siemens Energy (-1.9%), and Mercedes-Benz (-0.8%).
In contrast, Richemont shares rose nearly 1.5% after the luxury group reported better-than-expected Q2 revenue, although margin pressures remain a concern.
Meanwhile, trade tensions remained in focus, with President Trump stating he may impose tariffs on pharmaceuticals by the end of the month, and suggesting that levies on semiconductors could follow soon.
Source: Trading Economics
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