European Stocks Attempt a Rebound
2026-05-21 08:35
By
Joana Taborda
1 min. read
European stocks attempted a rebound after a weak start on Thursday, with the STOXX 50 hovering around the flatline and the STOXX 600 up 0.2%, as investors continued to assess prospects for a potential deal in the Middle East.
Iran said it was reviewing the latest US proposal to end the conflict, after President Trump signalled he was prepared to wait a few more days to “get the right answers” from Tehran.
Meanwhile, Nvidia’s earnings failed to excite investors despite beating estimates, leaving the broader AI sector without a meaningful lift.
In addition, preliminary S&P Global PMI data for the Eurozone pointed to a larger-than-expected hit to private sector activity in May, due to the war in the Middle East.
ASML Holding (1%), Novartis (0.7%), LVMH (1.2%), Siemens (1.3%) were in the green.
EasyJet was up 2%, even after reporting a first-half loss.
In contrast, Shell (-0.6%), Airbus (-1.8%) and Unicredit (-1.%) traded lower.