European stocks fall on economic concerns and weak earnings

European stocks declined on Tuesday, with the STOXX 50 falling 0.8% and the STOXX 600 down 0.6%, following a 1% gain in the previous session and reflecting a cautious market sentiment.

European stocks fall on economic concerns and weak earnings

Traders are assessing the potential global economic impact of a second Donald Trump term as he announces his political team. On the data front, Germany's ZEW Indicator of Economic Sentiment unexpectedly dropped, influenced by Trump’s victory and the collapse of the German government coalition, and earnings season continued with Bayer’s stock plummeting 11% after a lowered earnings forecast.

Vodafone, AstraZeneca decline; Infineon rises on strong earnings

In comparison, Vodafone dropped 3.9% following disappointing earnings and revenue. AstraZeneca saw a 1.3% decline despite raising its 2024 revenue and profit forecast. However, Infineon rose about 5% on strong quarterly earnings, though its FY2025 revenue is projected to decline slightly.