Eurozone Stocks Decline for 3rd Session
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European stocks declined for the third consecutive session, with the Eurozone's STOXX 50 falling 0.8% and the STOXX 600 dropping 1.1%. Negative earnings reports, hawkish signals from the ECB, and a softening US labor market contributed to the downturn. Notable declines included Shell (-3.5%), BBVA (-8.8%), Maersk (-3.5%), and Rheinmetall (-6.5%). Conversely, BNP Paribas rose 1.5% after improving its shareholder return outlook, while ArcelorMittal saw a slight increase following a strong Q4 profit report.
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