European Stocks

The pan-European STOXX 600 dropped 1.8% to its lowest since mid-February to 622.35 points, retreating from a record high hit on Friday, with most sectors traded sharply lower.

The European stock market opened with sharp cuts on Monday, January 19, amid threats of fresh tariff-related tensions between the US and several European nations.

Michelin's shares fell 11% to €25.53 after the company cut its guidance due to declining North American sales. The operating income forecast dropped to €2.6-€3 billion, and free cash flow expectations were also lowered, reflecting broader market challenges.

French stocks faced sharp selling pressure after Prime Minister Sebastien Lecornu's surprise resignation. The CAC 40 index fell 2%, with major banks dropping over 5%, reflecting ongoing political instability and weaker performance compared to other European markets.

The STOXX 600 Europe Banks index has been in an uptrend during five of the last six trading sessions, buoyed by improved profits and resilience amid the tariffs imposed by US President Donald Trump. Shares of HSBC, Barclays and Santander hit their 2008 highs.

Dassault Aviation stock snapped its losing streak after the reports revealed that Defence Secretary RK Singh on Monday dismissed claims that India’s Rafale fighter jets were shot down by Pakistan during Operation Sindoor, calling them inaccurate.

Rafale brand patron Dassault Aviation share price gains after falling 1% in a month.

Dassault Aviation, the company behind the Rafale brand, saw its share price drop by more than 3.31% during Wednesday’s trading session, closing at €298 on June 10.

Airbus SE shares rose 4% on June 4 due to potential orders from Chinese airlines for up to 500 aircraft. The stock has gained over 6% in three sessions, nearing its 52-week high. Analysts suggest waiting for official updates before investing.

The Rafale jet manufacturer's stock opened at €326.40 apiece on Paris Stock Exchange on June 4.