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EU to ramp up retaliation plans as US tariff deal

prospects dim

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Ryanair up after quarterly profit more than doubles

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Mining stocks gain, tracking stronger metal prices

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Stellantis ( STLA ) expects net loss for first-half 2025

(Updates for market close)

By Sanchayaita Roy, Twesha Dikshit and Ragini Mathur

July 21 (Reuters) -

European shares ended a choppy session in the red on Monday,

as investors weighed a mixed bag of corporate earnings and

keenly awaited the outcome of ongoing trade negotiations between

the U.S. and the European Union.

The pan-European STOXX 600 index closed 0.1% lower,

as a drop in healthcare stocks such as Roche and

Novonordisk offset gains in mining companies.

Traders were gearing up for a week filled with corporate

updates in both Europe and the U.S. and will scrutinize company

reports for any clues on the impact trade uncertainty has had on

profitability and consumer demand.

On Monday, Stellantis ( STLA ) said it expects a net

loss of 2.3 billion euros ($2.68 billion) for the first half of

2025 as the automaker faced the dual challenge of revamping its

product ranges while also dealing with the impact of U.S.

tariffs.

Shares of the automaker were volatile throughout the day

and settled about 1.5% higher.

Ryanair jumped 5.7% after Europe's largest low-cost

carrier reported that its quarterly profit more than doubled.

Other airline stocks such as Lufthansa and EasyJet ( EJTTF )

gained about 1% each.

Meanwhile, trade negotiations were high on the radar as

diplomats said that the EU is exploring wide-ranging

"anti-coercion" measures which would let the bloc target U.S.

services or curb access to public tenders in the absence of a

deal.

U.S. President Donald Trump has threatened 30% duties on

imports from Europe if no agreement is signed before the August

1 deadline.

"The question ultimately boils down to whether the EU can

swallow an unbalanced outcome which is tilted in favour of the

U.S., or whether Trump would accept some form of EU

countermeasures without ratcheting up tariffs further," said

Henry Cook, senior economist at MUFG bank.

"The landing ground for a deal still looks small and

there is plenty of risk that things could go south."

The benchmark STOXX 600 has recovered all its losses from

the April selloff when Trump slapped tariffs on world economies.

However, trade ambiguities and their impact on corporates have

kept investors wary.

The prevailing uncertainty had investors also flocking to

safe-havens including gold and European sovereign bonds

on Monday.

Among stocks, Delivery Hero logged its biggest

one-day jump of over 16% in more than a year. On Friday, Prosus

had offered to slash its stake in the German company and give up

its board seat to address EU concerns over its 4.1 billion euro

($4.78 billion) Just Eat Takeaway deal, according to

sources.

Miners Glencore ( GLCNF ), Anglo American and

Antofagasta ( ANFGF ) rose between 3% and 5%, tracking a rise in

industrial metal prices after China vowed to stabilise its

industrial growth, and on hopes for more stimulus.

Markets also await the ECB's policy decision later this week

with traders pricing in no change in interest rates.