7 July | DAX

European stocks decline as banks and miners lose ground

European stocks decline as banks and miners lose ground

On Friday, the European stock market ended trading with a decrease. The pan-European STOXX 600 closed 0.5% lower, recording a slight weekly decline. The German DAX fell by 0.6%.

This was mainly driven by falling shares of banks. Stocks of mining companies in the region also declined due to pressure on the value of base metals. However, health care sector managed to limit losses. For instance, pharmaceutical companies Novartis, Roche, and Novo Nordisk showed growth.

Now, according to Reuters, investors' attention switches to the outcome of the negotiations between the United States and its trade partners, the deadline for which is scheduled for July 9. On Friday, US President Donald Trump announced Washington's plans to start sending out letters specifying tariff rates on shipments of goods to America.

The European Union has yet to reach an agreement with the United States. The EU is pushing for an “agreement in principle” before the deadline, demanding immediate tariff cuts in key sectors as part of any trade deal. This situation prompts investors to remain cautious. It will also determine the market dynamics this week, the agency notes.

Elena Dorokhina MarketCheese
Period: 19.12.2025 Expectation: 550 pips
AUDCAD trapped in consolidation zone
12 December 2025 44
Period: 19.12.2025 Expectation: 600 pips
GBPUSD sees 1.345 level as next target
12 December 2025 55
Period: 31.12.2025 Expectation: 75 pips
Accumulate Brent crude to cover price gaps
12 December 2025 49
Period: 19.12.2025 Expectation: 140 pips
Brent crude gains as oil supply surplus beats record in 2026
12 December 2025 25
Period: 31.12.2025 Expectation: 26000 pips
Bright outlook for crypto market pushes ETHUSD higher
12 December 2025 53
Gold buy
Period: 31.12.2025 Expectation: 800 pips
Buying gold from $4,230 support
12 December 2025 72
Go to forecasts