European Stocks Trade Cautiously

2026-07-02 07:42 By Joana Taborda 1 min. read

European stocks traded cautiously on Thursday, with both the STOXX 50 and the STOXX 600 edging up 0.1% only, amid renewed concerns over elevated AI-related valuations.

European equities, however, outperformed their Asian and US counterparts, supported by the region's relatively limited exposure to the technology sector.

Technology stocks nevertheless came under pressure, with ASML Holding falling 2.3%, Infineon Technologies losing 2%, and STMicroelectronics declining 1%.

Other notable decliners included HSBC (-1%), Schneider Electric (-1.3%), and Siemens Energy (-2.8%).

In contrast, healthcare stocks advanced, with AstraZeneca (+1.6%) and Sanofi (+1.8%) gaining, while Bayer surged more than 4% after announcing it would consolidate its US Roundup business into a new standalone unit called Ruveon.

Elsewhere, LVMH gained 1.6%, UniCredit added 1%, and Sodexo jumped 7% to top the STOXX 600 after raising its full-year organic revenue growth forecast.



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European Stocks Trade Cautiously
European stocks traded cautiously on Thursday, with both the STOXX 50 and the STOXX 600 edging up 0.1% only, amid renewed concerns over elevated AI-related valuations. European equities, however, outperformed their Asian and US counterparts, supported by the region's relatively limited exposure to the technology sector. Technology stocks nevertheless came under pressure, with ASML Holding falling 2.3%, Infineon Technologies losing 2%, and STMicroelectronics declining 1%. Other notable decliners included HSBC (-1%), Schneider Electric (-1.3%), and Siemens Energy (-2.8%). In contrast, healthcare stocks advanced, with AstraZeneca (+1.6%) and Sanofi (+1.8%) gaining, while Bayer surged more than 4% after announcing it would consolidate its US Roundup business into a new standalone unit called Ruveon. Elsewhere, LVMH gained 1.6%, UniCredit added 1%, and Sodexo jumped 7% to top the STOXX 600 after raising its full-year organic revenue growth forecast.
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