- Porsche shares fall 8.3% after slashing 2025 profit outlook.
- U.S. H-1B visa fee jumps to $100,000, drawing global criticism.
- Eurozone consumer confidence data may influence market sentiment.
European equities opened slightly lower on Monday, as investors digested weak corporate forecasts and a controversial U.S. immigration move. The pan-European Stoxx 600 index fell 0.1% by mid-morning London time, with most sectors in negative territory.
Auto Sector Bears the Brunt
Automakers led early losses, with the Stoxx Europe Automobiles and Parts index dropping 2.6%. Germany’s Porsche plunged 8.3% after lowering its 2025 profitability outlook and delaying electric car launches due to soft demand. Volkswagen, Porsche’s largest shareholder, also slid roughly 7.7%. Analysts attribute the declines to cautious consumer trends in the luxury car market and ongoing supply chain challenges.
U.S. H-1B Visa Fee Sparks Global Reaction
Meanwhile, attention remains on Washington. The Trump administration’s surprise H-1B visa fee hike to $100,000, effective Sunday, is causing concern among companies that rely on international talent. The White House framed the policy as a measure to protect American jobs, but India warned the move could have “humanitarian consequences” by disrupting families and skilled worker flows.
Mixed Signals From Global Markets
Beyond Europe, Asia-Pacific markets traded mixed after China’s central bank kept loan prime rates steady for the fourth consecutive month. Investors also await eurozone consumer confidence data later today, which may offer further clues about the region’s economic momentum.
Also Read: European Stocks Rally on Inditex Earnings and Trade Tension News
With corporate earnings warnings and geopolitical policy shifts shaping market sentiment, investors face a cautious start to the week. Auto stocks and multinational firms reliant on U.S. visas remain in focus, while global monetary policy and consumer confidence readings could guide the next market direction.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.
