FX.co ★ European Stocks Fall for 3rd Day

European stock markets experienced declines on Tuesday, with the STOXX 50 and STOXX 600 both down by 0.2%. This dip is largely attributed to persisting uncertainties surrounding tariffs, which continue to dampen investor confidence. As the August 1st deadline draws near for the U.S. to potentially impose a 30% tariff on European Union imports, no new agreement has been reached, adding to the market tension. In the midst of these concerns, investors placed their attention on corporate earnings. Shares of SAP saw a modest increase of nearly 0.4% ahead of the announcement of its financial results. Norsk Hydro's stock rose by almost 2%, following the aluminum company's report of stronger-than-anticipated earnings and cash flow for the second quarter. Julius Baer experienced a slight uptick of 0.4%, despite a significant drop in profits stemming from a one-off charge related to the sale of its Brazilian unit and higher loan provisions.