European stocks close mixed amid tariff uncertainty; Ryanair profits soar 128%

European banal markets traded cautiously awaiting clarity implicit U.S. tariffs connected the European Union.

The Stoxx Europe 600 scale closed little by 0.1%. Regionally, the U.K.'s FTSE 100 was up 0.2%, Germany's DAX closed level and France's CAC 40 fell 0.3%.

— Ganesh Rao

London-listed companies issued 59 nett warnings successful the 2nd 4th of the year, nonrecreational services elephantine EY said successful a caller study published Monday.

It marked a 20% emergence from a twelvemonth ago.

Of those nett warnings, 46% cited argumentation alteration and geopolitical uncertainty arsenic a large hamper to their outlook. That's the highest level recorded for this origin since the EY-Parthenon study began much than 25 years agone — and a large emergence from the 4% of U.K.-listed firms who issued geopolitics-related nett warnings successful the 2nd 4th of 2024.

— Chloe Taylor

UK user sentiment suffered its biggest autumn successful astir 3 years past month, according to a survey from Deloitte, which highlighted increasing concerns astir persistently higher ostentation and a slowing labour market.

Official information past week showed Britain's unemployment complaint roseate to 4.7% successful the 3 months to May, its highest since 2021. 

— Brittany Dawe

Ryanair's Ireland-listed shares are astir 6% higher successful greeting deals aft the fund bearer reported 820 cardinal euros ($954 million) successful fiscal first-quarter nett aft tax, good up of expectations of 716 cardinal euros successful an LSEG-compiled estimate.

Citi expert Charles Armitage said the results were "very strong" successful a Monday note, highlighting the airline's "slightly amended commentary connected fares" successful the afloat year.

Ryanair stock price.

European banal markets moved cautiously higher successful aboriginal deals, with France's CAC 40 and Germany's DAX some up astir 0.1%. The determination Stoxx 600 scale had nevertheless already pared gains to commercialized astatine the flatline by 8:10 a.m. successful London.

Autos stocks are down 0.6%, with Stellantis down 2.7% aft announcing it expects a nett nonaccomplishment of 2.3 cardinal euros ($2.68 billion) successful the archetypal fractional of the twelvemonth owed to pre-tax nett charges and the aboriginal effects of U.S. tariffs.

British lipid large BP connected Monday announced Albert Manifold arsenic its caller chair, succeeding Helge Lund.

The London-listed company, which remains firmly successful the spotlight arsenic a premier takeover target, said Manifold volition articulation the committee connected Sept. 1 and instrumentality implicit arsenic seat from Oct. 1.

Manifold antecedently worked arsenic CEO of CRH, the world's largest gathering materials company, for 11 years done to the extremity of past year.

— Sam Meredith

Low-cost hose Ryanair boosted nett aft taxation to 820 cardinal euros ($954 million) from 360 cardinal euros successful its fiscal archetypal quarter, helped by timing of the Easter vacation and a somewhat better-than-expected terms environment, the bearer reported Monday.

Revenue roseate 20% twelvemonth connected twelvemonth to 4.34 cardinal euros, arsenic ancillary gross — fees derived from formation add-ons specified arsenic spot selection, nutrient and portion and further baggage — accrued 7% to 1.39 cardinal euros.

Ryanair's maturation strategy has been stymied successful caller years by ongoing delays successful its ample transportation of caller Boeing 737 Max aircraft, amid strikes and safety concerns astatine the U.S. manufacturer. Ryanair CEO Michael O'Leary successful May threatened to cancel his bid for the craft if the tariff warfare betwixt the U.S. and European Union leads to higher prices.

The hose said Monday it expected certification of the Max-10 variant successful precocious 2025 and was readying for its archetypal 15 deliveries successful outpouring 2027, with a full 300 deliveries by March 2034. O'Leary meantime told an expert telephone Monday determination was "cautious optimism" that commercialized craft whitethorn get a tariff exemption, and that the hose had agreed a "fixed acquisition price" with Boeing and truthful did not expect to instrumentality a deed from the duties, according to a transcript.

It reiterated guidance for full-year postulation maturation of 3% and said it was excessively aboriginal to supply steadfast nett guidance, but that it "cautiously" expected "reasonable nett net growth" arsenic it recovers astir each of the anterior fiscal year's fare decline.

— Jenni Reid

Bitcoin extended its gains Monday, aft coming disconnected an eventful week.

As of 12.16 p.m. Singapore clip (12.15 a.m. ET), the cryptocurrency had gained 0.21% against the greenback to $118,368.56.

Bitcoin prices

Market watchers CNBC Pro spoke to remained bullish connected bitcoin and saw imaginable for the cryptocurrency to ascent adjacent further successful the remainder of the year.

CNBC Pro subscribers tin work the afloat story here.

— Amala Balakrishner

Good greeting from London, and invited to CNBC's unrecorded blog covering each the enactment and concern quality successful European fiscal markets connected Monday.

Futures information from IG suggest a antagonistic commencement to the caller trading week for European bourses, with London's FTSE 100 seen opening 0.1% lower, France's CAC 40 down 0.3%, Germany's DAX down 0.4%, and Italy's FTSE MIB 0.35% lower.

European markets person been connected tenterhooks since U.S. President Donald Trump announced earlier successful July that helium would enforce a 30% tariff connected goods imported from the EU starting Aug. 1. The EU has said it hopes to onslaught a commercialized woody earlier past but an statement remains elusive.

On Sunday, U.S. Commerce Secretary Howard Lutnick called Aug. 1 the "hard deadline" for countries to commencement paying tariffs, though helium besides added that "nothing stops countries from talking to america aft August 1."

— Holly Ellyatt