FX.co ★ European Stocks Pull Back

European stock markets experienced a slight decline, pausing the robust momentum seen earlier in the week. Investors took profits and evaluated the potential impact of upcoming US tariffs on the European corporate landscape. The Eurozone's STOXX 50 index fell by 0.3%, closing at 5,400, while the pan-European STOXX 600 index decreased by 0.4%, ending at 542. The Consumer Discretionary sector saw continued volatility, with shares of LVMH and Kering dropping by 2% and 3% respectively, and L'Oreal declining by 3.3%. In contrast, the healthcare sector faced downward pressure as U.S. President Trump was expected to implement policies to cap drug prices, resulting in Sanofi and Bayer shares falling by 1% and 2% respectively. Meanwhile, the banking sector saw gains, with Santander, UniCredit, and ING all rising by over 1%. In the United Kingdom, Burberry's share value surged by 8.9% following announcements of significant organizational changes.