The pan-European STOXX hit a record high last week after the US Supreme Court struck down tariffs that Trump slapped on global economies last year.
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On 21 February 2026, 02:30 AM IST
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Over the weekend, Trump announced a new 10% rate and then raised it to 15%, creating uncertainty about the relevance of trade deals with the EU. The European Commission has rejected the changes.
On Monday, the STOXX fell 0.3% to 628.62 points by 0815 GMT, with Germany’s DAX the top loser, down 0.7%.
Most sectors were in the red, with technology leading the decline with a 1.3% decline, while banks, among the top gainers, were seen as more domestically focused.
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Italy’s biggest utility Enel rose 3.4% after it said it would increase its capital spending over the next three years, focusing mainly on renewables in Europe and the US.
Johnson Matthey cut the sale price of its catalyst technology business to Honeywell by 14% after the unit underperformed in fiscal 2025 with delayed projects and weak profitability.
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