2025.08.2707:34:26UTC+00European Stocks Cautious After 2-Day Slide

On Wednesday, the Stoxx 50 and Stoxx 600 indices remained largely unchanged after experiencing losses over the previous two days. Investors focused on political uncertainties in France and eagerly anticipated Nvidia's earnings report for guidance. The CAC 40 index in France saw a modest recovery from its steep decline on Tuesday, which was fueled by concerns related to Prime Minister Francois Bayrou's administration. The earnings report from Nvidia, scheduled for release after the close of U.S. markets, is considered a crucial indicator for the global rally in AI-driven technology stocks.

In terms of economic data, Germany reported a third consecutive monthly decline in consumer sentiment, primarily due to worries about employment and inflation. Among various sectors, mining and consumer stocks performed well, whereas shares in the chemicals sector saw the most significant declines.

On the corporate front, Givaudan SA experienced a drop of up to 3.2% after announcing that its CEO, Gilles Andrier, would retire. Meanwhile, shares of Deutsche Bank AG and Commerzbank AG fell following downgrades by analysts at Goldman Sachs Group Inc., despite their substantial gains earlier this year.