European Stocks Pare Early Gains, Close Mostly Lower

From Nasdaq: 2025-06-11 13:46:00

European stocks closed mostly lower despite U.S. and Chinese officials agreeing on a trade dispute framework subject to presidential approval. U.S. Commerce Secretary mentioned lifting export controls without specifying terms. The Stoxx 600 fell 0.27%, with Germany’s DAX down 0.16% and France’s CAC 40 down 0.36%. The FTSE 100 gained 0.13%. Ricardo Plc shares surged 27% on a takeover deal, while Ibstock Plc plunged 14.7% due to margin concerns. In the U.K., Fresnillo gained over 3.5%, while Antofagasta and Anglo American Plc. lost 1 to 2.6%. In Germany, Bayer rose nearly 4%, and Puma dropped 2.7%. Publicis Groupe gained in France, while Carrefour and Schneider Electric fell. The ECB’s wage tracker suggests an easing of wage growth in the euro area. U.S. consumer price index inched up by 0.1% in May, with annual growth at 2.4%. Core consumer prices rose by 0.1%.



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