The STOXX 50 closed little changed at 5,669, while the STOXX 600 fell 0.2% to 575 on the first trading day of December, as traders started the month cautiously after a volatile November that yielded only modest gains for both indices. Airbus shares plunged 5.7%, after falling more than 10% intraday, following reports of a new quality issue affecting dozens of A320 family aircraft.
This development came shortly after Airbus announced that most of the other aircraft affected by the software glitch had received the necessary modifications. The defense sector also came under pressure amid hopes for progress on the Ukraine peace deal, with Rheinmetall (-2.4%), Rolls-Royce (-1.3%), and BAE Systems (-2.1%) all closing lower.
On the positive side, ASML Holding rose 2.6% after Fitch affirmed the company's rating, citing its strong market position. Fresnillo outperformed the STOXX 600, rising 4.7%, while other miners also posted gains, including Anglo American (1.4%) and Glencore (2.1%). (alg)
Source: Trading Economics
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