European stocks edged up Thursday, but trading in May was set to wrap up with auto makers under pressure as the European Union braces for U.S.-imposed tariffs on steel and aluminum.
What markets are doing
The Stoxx Europe 600 Index SXXP, +0.04% rose 0.2% to 386.18, after turning lower earlier in the session. On Wednesday, the index ended 0.3% higher, in a partial recovery from Tuesday’s slide of 1.4% as Italian political uncertainty roiled global markets.
The pan-European benchmark is looking at a paltry rise of 0.2% for May, but that would be enough for a second straight monthly advance after April’s jump of 3.9%, according to FactSet data.
Italy’s FTSE MIB index I945, +0.91% was up 1.2%, after briefly turning lower as trading got underway. In the fixed-income market, the country’s 2-year bond yield TMBMKIT-02Y, -33.36% fell 77 basis points to 0.92%, according to Tradeweb. Yields fall as bond prices move higher.