European Stocks Dip on Concerns About US Economy, Tariff Outlook

European stocks edged lower amid lingering concerns over trade and underwhelming US economic data.

The Stoxx Europe 600 Index declined 0.1% by the close. Utilities and personal care stocks were the biggest laggards, while banks and real estate stocks outperformed.

The benchmark earlier rose as much as 0.5% after a US court deemed the bulk of President Donald Trump’s global tariffs illegal. Senior White House officials downplayed the implications of the ruling and expressed confidence in an appeal.

On this episode of Stock

Movers: - Adidas and Puma shares rallied as a US court blocked many of President Trump’s tariffs on imports from dozens of countries. The stocks had slumped in April on concern over tariffs on clothing items imported from Asia.- Luxury stocks including LVMH gained on hopes that the court ruling on tariffs would benefit demand for high-end goods. That was even as LVMH’s deputy chief executive officer indicated that a slump in demand for luxury items may still have some way to run. - Auto Trader reported revenue for the full year that missed the average analyst estimate.

“The consequences won’t simply rewind things to the way they were on April 1st; damage has already been done to geopolitical relationships, and ...