16 July 2026, 11:33 Euro Zone: European Stocks Edge Down.
European stocks were subdued on Thursday, with the STOXX 50 falling 0.2% and the STOXX 600 slipping 0.3%, as investors digested a fresh round of corporate earnings and company updates. Meanwhile, oil prices eased despite the ongoing hostilities between the US and Iran. TotalEnergies fell 1.6% after its earnings preview indicated that Q2 profits are expected to benefit from higher oil prices, although LNG earnings are projected to decline sharply. ABB lost 2% after announcing a $5.5 billion acquisition of British automation company Rotork. Experian tumbled more than 5% after its results disappointed investors, while the company maintained its full-year guidance. Delivery Hero edged down 0.5% following Uber's $14.8 billion takeover offer for the company. On the upside, the technology sector outperformed the broader market. ASML Holding advanced 2.6%, supported by strong quarterly results from Taiwan Semiconductor Manufacturing. Publicis gained 1.3% after raising its full-year guidance.
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