London: European stocks declined on Tuesday, as investors avoid large bets amid uncertainty surrounding trade conditions, and bank shares fell following the sell-off wave on Wall Street after concerns about artificial intelligence resurfaced. The pan-European Stoxx 600 index fell 0.2 percent to 630 points by 0815 GMT.
According to Yemen News Agency, trade uncertainty once again dominated global markets this week, as new comprehensive tariffs imposed by U.S. President Donald Trump are expected to take effect starting today, Tuesday, increasing ambiguity about the trade agreements reached last year. Meanwhile, the eurozone banks index and the broader European banks index each fell by more than 1.6 percent.
Some better-than-expected earnings results provided a degree of support. Shares of French benefits and vouchers card specialist Edenred rose 1.4 percent after it reported 2025 core earnings that exceeded market expectations, attributing them to higher sales and benefiting from a cost-cutting and efficiency enhancement plan. Additionally, shares of auto parts supplier Forvia rose 2.2 percent after the company reported a positive outlook for future growth.