Europe close: Stocks end on mixed note
By Alexander Bueso
Date: Thursday 29 May 2025
(Sharecast News) - European shares finished on a mixed note on Thursday after a US court blocked President Donald trump's swingeing reciprocal tariffs while quarterly results from tech darling Nvidia boosted semiconductor makers.
The pan-regional Stoxx 600 index dipped 0.19% to 547.88, while Germany's DAX slipped 0.44% to 23,933.23 and France's CAC 40 edged lower by 0.11% to 7,779.72 on the news.
Spain's Ibex 35 outperformed, adding 0.11% to 14,116.60.
A federal trade court on Wednesday said Trump's tariff orders "exceed any authority granted to the President by IEEPA to regulate importation by means of tariffs" the three-judge panel wrote, referring to the 1977 International Emergency Economic Powers Act.
"For the FTSE 100 and other European markets, today has been a case of selling the news. Indices on the continent have struggled to make headway today, but given the size of the rally in recent weeks and the looming month-end it is perhaps not surprising to see the move take a breather," said IG chief market analyst Chris Beauchamp.
"The Trump administration is sure to appeal the decision, and will also look to employ other methods to impose tariffs, so the court decision is not a definitive resolution of the issue."
The ruling, along with Nvidia's quarterly profits, boosted shares in semi-conductor makers. ASM, ASML and BE Semiconductor were all higher.
Auto Trader tumbled despite the online UK car sales platform delivering a confident outlook alongside its full-year results.
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