European stock markets posted a mixed session on Tuesday as investors weighed uncertainty surrounding U.S. President Donald Trump’s tariffs and the possibility of a U.S. government shutdown due to a political deadlock in Congress over spending and healthcare.
In economic news, the U.K. economy expanded more slowly in the second quarter, with growth in services and construction offset by a decline in industrial output, according to the Office for National Statistics. Real GDP grew by 0.3% in Q2, unchanged from initial estimates, following a 0.7% increase in Q1.
Preliminary data from Germany showed inflation rising in four key states during September, while the country’s unemployment figure increased more than expected, according to labor office statistics.
Meanwhile, major European indices traded mixed: the French CAC 40 fell 0.3%, the U.K.’s FTSE 100 edged up 0.1%, and Germany’s DAX gained 0.2%.
On the corporate front, Addex Therapeutics (NASDAQ:ADXN) surged after announcing progress in developing treatments for neurological disorders. 3i Infrastructure (LSE:3IN) also climbed after reporting first-half returns above expectations.
Conversely, Close Brothers (LSE:CBG) dropped sharply after posting a full-year loss of £122.4 million and withholding its final dividend due to regulatory uncertainties around motor finance commissions.
Online retailer ASOS (LSE:ASC) fell after cautioning that its annual revenue would likely miss market forecasts. Danish jewelry firm Pandora (USOTC:PANDY) also slid after announcing CEO Alexander Lacik plans to retire in March 2026, concluding seven years in the role.
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