{"id":60404,"date":"2025-06-02T09:01:47","date_gmt":"2025-06-02T09:01:47","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/06\/02\/european-shares-mostly-lower-amid-global-trade-tensions\/"},"modified":"2025-06-02T09:01:47","modified_gmt":"2025-06-02T09:01:47","slug":"european-shares-mostly-lower-amid-global-trade-tensions","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/06\/02\/european-shares-mostly-lower-amid-global-trade-tensions\/","title":{"rendered":"European Shares Mostly Lower Amid Global Trade Tensions"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks were broadly lower on Monday as U.S. President Donald Trump&#8217;s decision to double tariffs on steel and aluminum imports along with rising Sino-U.S. tensions threatened to rekindle global trade tensions.<\/p>\n<p>In economic releases, the downturn in euro zone manufacturing eased further in May, with the corresponding PMI rising to 49.40 from 49 points in April.<br \/>Also, the downturn in British manufacturing was less steep than first feared in the month. <\/p>\n<p>Elsewhere, U.K. house prices grew 0.5 percent on a monthly basis in May, in contrast to the 0.6 percent fall in April, according to data from Nationwide Building Society. Prices were expected to remain flat. <\/p>\n<p>The pan European STOXX 600 was marginally lower at 548.21 after closing up 0.1 percent on Friday. <\/p>\n<p>The German DAX dipped 0.3 percent and France&#8217;s CAC 40 shed 0.4 percent while the U.K.&#8217;s FTSE 100 was up 0.1 percent, led by energy stocks.<\/p>\n<p>Indivior dropped half a percent. The pharma firm said it will cancel its secondary listing on the London Stock Exchange, effective July 25.<\/p>\n<p>Novartis added 1.3 percent as it announced upbeat interim analysis results from a Phase III study of its PSMA-targeted radioligand therapy Pluvicto.<\/p>\n<p>GSK rose about 1 percent on news that the U.S. FDA has accepted to review the marketing authorization application for linerixibat.<\/p>\n<p>British Airways owner IAG rose nearly 2 percent after launching the second trace of its share buyback program.<\/p>\n<p>Atos fell 2.3 percent. The company said it has received an offer from the French state for the group&#8217;s advanced computing assets.<\/p>\n<p>Oil giants BP Plc and Shell rose about 1 percent each as oil prices jumped more than 2 percent on prospect of new U.S. sanctions against Russia. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>European Shares Mostly Lower Amid Global Trade Tensions<\/a><br \/>\n<br \/>2025-06-02 09:01:47<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks were broadly lower on Monday as U.S. President Donald Trump&#8217;s decision to double tariffs on steel and aluminum imports along with rising Sino-U.S. tensions threatened to rekindle global&#8230;<\/p>\n","protected":false},"author":2,"featured_media":60405,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1531412501799-1b4c354ca957?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=2734&q=80","fifu_image_alt":"","footnotes":""},"categories":[29],"tags":[],"class_list":["post-60404","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/60404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=60404"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/60404\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/60405"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=60404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=60404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=60404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}