FX.co ★ European Stocks Little Changed but Poised for Monthly Gain

On the final trading day of May, both the STOXX 50 and STOXX 600 indices hovered near stability, as investors considered the ongoing uncertainty of the US trade war. Notably, a federal appeals court temporarily reinstated President Donald Trump’s tariffs, following a trade court's previous ruling that he had overstepped his authority. Meanwhile, US Treasury Secretary Scott Bessent stated that trade negotiations with China were experiencing a "bit of a stall." Among the sectors, real estate showed strong performance, while mining and technology sectors underperformed. In corporate news, Sanofi's shares declined by over 5%. Despite the day's subdued results, both major European indices are positioned to close the month with gains of approximately 4%, marking their most substantial monthly increase since January.