European Stocks Mixed Amid New US Tariffs and Earnings Reports

European stocks showed mixed performance as new US tariffs took effect, fueling investor uncertainty amid varied earnings reports. The Stoxx Europe 600 Index was mostly steady to slightly down, with banks declining following concerns about credit cycles and exposure to risky sectors. Utilities and chemical companies advanced on positive earnings, while Novo Nordisk shares fell after disappointing drug data. Market participants remain cautious due to ongoing trade tensions and potential disruptions from artificial intelligence developments.