FX.co ★ European Stocks Cautious

On Wednesday, both the STOXX 50 and STOXX 600 indices showed minimal movement, pausing after achieving gains in the last two trading sessions. This cautious approach among investors stemmed from the ongoing evaluation of trade negotiations and the fiscal outlook in the US, as they also anticipate Nvidia’s earnings update later today for fresh insights and strategic direction. Reports indicate that European leaders have solicited major corporations and CEOs for their intended US investment strategies ahead of upcoming negotiations with Washington. In economic data, France's GDP growth for the first quarter was confirmed at 0.1%. In terms of sector performance, the oil & gas, automotive, and travel & leisure sectors led the market, while the retail, basic resources, and technology sectors faced the largest declines.