European stocks tumbled as trade tensions escalated between the U.S. and China. French political tension added to the negative sentiment. Defense stocks fell after Israel approved a peace deal with Hamas. The ceasefire in Gaza led to troop withdrawals. Various sectors, including miners and tech, saw notable losses. UK’s FTSE 100, Germany’s DAX, France’s CAC 40, and Switzerland’s SMI closed lower. In the UK market, several companies like Shell and BP lost 2.5 to 4%, while others like Unilever gained 1 to 2%. In Germany, Brenntag dropped 5% while Vonovia rose 1%. Stellantis in France lost nearly 7%. Economic data showed a decline in permanent job placements in the UK.

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