European stocks close lower as traders monitor Sintra central bank gathering
Publishing timestamp: 2025-07-01 04:44:32
Summary
European stocks closed lower as investors monitored European Central Bank's annual forum in Sintra, Portugal. Thyssenkrupp and Oshkosh Corporation were excluded from a pension fund's portfolio over sales of weapons to Israeli military. U.K. government bonds yields moved lower ahead of a crucial parliamentary vote on welfare reforms. Euro zone inflation hit ECB's 2% target in June. Sainsbury's reiterated its full-year forecast and reported a rise in first-quarter sales. European shares struggled to gain momentum, with risks to inflation and growth in the euro area tilted to the downside according to the Belgian central bank chief. European markets are expected to open positively on hopes of a U.S.-EU trade deal.
Sentiment: MIXED
Tickers: .GDAXI, OSK, IT10Y-IT, TKA-DE, .FTSE, .STOXX, .FTMIB, FR10Y-FR, .FCHI, DE10Y-DE, EUR=, SBRY-GB,
Keywords: business news, stoxx 600, breaking news: europe,
Source: https://www.cnbc.com/2025/07/01/european-markets-on-july-1-stoxx-600-ftse-dax-tariff-deadline.html