The pan-European STOXX 600 index shed 0.4% to reach 638.17 points by 0810 GMT. Travel and leisure stocks bore the brunt of the sell-off, plummeting 2% as market sentiment soured. Conversely, the energy sector acted as a rare defensive pocket, climbing 1.4% as companies capitalized on the spike in crude valuations. BP shares led this charge, gaining 3% following robust quarterly projections.
Corporate volatility extended beyond geopolitical headwinds, notably at the German firm Evotec. Its stock cratered 30% after management slashed its 2026 outlook, citing unexpected delays in critical partnership agreements. Investors are now parsing individual performance data from firms like Ericsson to determine if corporate stability can hold against the broader regional friction.
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