European stocks showed mixed performance on Friday as investors absorbed a series of interest rate decisions and awaited crucial budget talks in France. Although Nike surpassed Wall Street's expectations with its second-quarter financial year earnings, investors grew concerned over the weakness of the Chinese market and the ongoing impact of tariffs imposed by the Trump administration. Looking at individual stocks, shares of sportswear giants Puma and Adidas fell by 1.9% and 0.7% respectively, as concerns about the performance of their American competitor Nike spread across the Atlantic. The pan-European Stoxx 600 index remained stable, with most major regional exchanges also ending flat.
Mixed European Stock Performance Amid Rate Decisions and Budget Talks
European stocks were mixed on Friday as investors assessed interest rate decisions and awaited budget talks in France. Despite Nike's strong results, concerns over the weak Chinese market and Trump's tariffs persisted. Puma and Adidas shares fell due to worries about Nike.