European Stocks Slip 0.6% Amid Earnings, Iran

Pan‑European Stoxx 600 fell 0.6%, with Germany’s DAX down 0.3%, France’s CAC 40 down 0.4%, and the UK FTSE 100 slipping 1.2%.
Earnings highlights saw Adidas surge >7%, UBS jump after 80% profit rise, STMicroelectronics hit 2024 highs, and Airbus confirming its delivery target.
Deutsche Bank fell despite a record €1.912 bn profit, GSK dropped >3% despite a 2026 outlook, while Santander posted a 12.5% profit rise.
Oil prices stay high as Iran‑U.S. talks stall and the Strait of Hormuz remains blocked, raising inflation concerns before the Fed decision.