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European stocks decline amid selling in automotive and technology sectors

European stocks decline amid selling in automotive and technology sectors

European stocks declined today (Friday) due to a broad sell-off in the automotive and technology sectors, amid trade and geopolitical concerns that have increased investors' risk aversion. The STOXX 600 index fell by 0.34%, the German DAX dropped 0.35%, and the French CAC 40 declined by 0.47%. Shares of automakers such as Volkswagen and BMW came under pressure amid rising fears of new tariffs on European car imports, along with a decline in technology stocks due to reduced demand for electronic chips and profit-taking. As tensions escalated, investors shifted toward safe-haven assets, awaiting economic indicators and central bank decisions that could influence growth and earnings expectations in Europe.

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