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European Stock Markets Close Mixed
European stock markets saw mixed performance during the closing session on Tuesday, July 22, as investors digested earnings reports from some of the continent's largest companies.
The Stoxx Europe 600 index fell 2.53 points, or 0.46%, to 544.05 at the close.
The German DAX index closed down 265.90 points, or 1.09%, to 24,041.90.
The British FTSE 100 index rose 10.82 points, or 0.12%, to close at 9,023.81.
The French CAC 40 index fell 53.81 points, or 0.69%, to close at 7,744.41.
European defense stocks fell significantly this afternoon, with the Stoxx Europe Aerospace and Defense index falling 2.5%.
Swedish defense contractor Mildef led the decliners, falling 7.8%.
German arms manufacturer Rheinmetall also fell 3.36%.
British-Swedish AstraZeneca announced plans to invest $50 billion in expanding its manufacturing and research capabilities in the United States by 2030, becoming the latest pharmaceutical company to expand its spending in the United States following the imposition of US trade tariffs.
Akzo Nobel shares fell 3.4% after the Dulux paint manufacturer lowered its core operating profit forecast for 2025.
French laboratory equipment supplier Sartorius Stadium Biotech shares also fell more than 8% after announcing its first-half results.
