FX.co ★ European Stocks Ease from Records

European stock markets concluded Tuesday's trading session with slight declines. This comes after setting record highs during the previous session, amidst a backdrop of mixed earnings reports and ongoing evaluations of global trade and European interest rate prospects. The STOXX 50 dipped to 5,701, and the STOXX 600 decreased by 0.3% to 576. Pharmaceutical stocks were notably affected, with Novartis experiencing a significant 4.3% drop following weaker-than-anticipated earnings. Roche and Novo Nordisk both saw declines of 2.5%. In the banking sector, BNP Paribas slipped by 3.5% due to disappointing earnings results. Conversely, HSBC saw a 4.4% increase after enhancing its profitability forecast for 2025. Iberdrola ended the day on a positive note after revealing promising results. Meanwhile, Nokia's shares surged by 20% following Nvidia's announcement of a planned $1 billion equity investment in the company.