The company's financial report is mixed with both good and bad news, and trade concerns are increasing, causing European stock markets to fall.

The Stoxx Europe 600 index fell by 0.4%. Chemical and technology stocks performed the worst, while utility stocks performed relatively well. In terms of individual stocks, AkzoNobel's stock price fell by as much as 5.3%, despite maintaining its full-year profit expectations, the company warned that tariff uncertainty continues. Compass Group's stock price rose by as much as 8.9%, the company raised its full-year organic revenue expectations and also agreed to acquire a majority stake in Vermaat Groep BV from Bridgepoint Group, valuing the Dutch catering company at about 1.5 billion. The European benchmark index has been volatile since the end of May, currently down 3.4% from the record levels set in March. "It's still too early to draw any conclusions about the earnings season," said Eric Blanest, fund manager at Swiss Life Private Asset Management in Paris, who is watching the performance of German software company SAP. "The main difference between the US and Europe in terms of market momentum is the large tech companies, which are driving up the S&P 500 index and the Nasdaq index." Since March, European companies vulnerable to tariffs have seen significant profit declines as analysts begin evaluating the impact of widespread tariffs of at least 10% across sectors.