European stocks closed mostly lower on Friday (July 25th) as markets continued to monitor the latest corporate earnings reports while awaiting the latest developments in trade relations between the European Union and the US. The STOXX 50 edged higher to 5,360, and the STOXX 600 fell 0.3% to 550, weighed down by the heavier industrial and healthcare sectors.
Schneider Electric and Airbus each fell more than 1% ahead of their earnings reports next week, creating negative conditions for industrial giants. Additionally, ASML and Nokia each fell around 1.5%, with Nokia continuing to weaken after its downbeat earnings report this week.
On the other hand, LVMH jumped 4% after releasing its earnings results, and Volkswagen surged 4% despite its negative outlook, lifting the broader luxury and automotive sectors. The European Union and the US are expected to announce trade developments next week ahead of Friday's deadline for the US to impose 30% tariffs on EU goods. (alg)
Source: Trading Economics
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