ASML Holding NV ADR (ASML.US) and Renault's financial report lead to a market crash! European stocks experience four consecutive declines.

Noted, European stock markets fell for the fourth consecutive trading day, with disappointing earnings reports from companies such as ASML Holding NV ADR (ASML.US) and Renault weighing down market sentiment. As of the time of writing, the European Stoxx 600 index fell by 0.2%, marking the longest losing streak in a month. French car manufacturer Renault's stock price plunged by 16%, marking the biggest drop in over five years, after the company lowered its full-year profit margin expectations. Dutch chip equipment maker ASML Holding NV ADR withdrew its growth forecast for next year due to trade disputes, leading to a 6.7% drop in its stock price. The UK's FTSE 100 index outperformed the European benchmark index as inflation data unexpectedly rose to the highest level since January 2024, boosting the British pound. Due to concerns about continuing uncertainty in the US trade war, European stock markets have struggled to break new highs recently. US President Trump has indicated the possibility of imposing tariffs on pharmaceutical products by the end of this month, with semiconductor tariffs also potentially on the horizon. Market focus is shifting to whether earnings reports for the quarter can further drive the benchmark indices higher. Bloomberg Intelligence data shows that analysts expect a 4.8% decline in profits for MSCI European companies in the second quarter. Panmure Liberum strategist Susanna Cruz has stated that she expects more disappointment from corporate earnings reports. Cruz noted, "It is exceptionally difficult to make any forecasts right now," and "For sectors such as consumer goods, healthcare, and resources, the market may have already factored in pessimistic expectations, but if the Chinese economy weakens further, downside risks will significantly escalate." On individual stocks, LVMH Group saw a 2.4% increase in defiance of the overall luxury goods industry slump, with its sales performance exceeding expectations.