LIVE MARKETS-Autos top STOXX fallers, FTSE up

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AUTOS TOP STOXX FALLERS, FTSE UP

Trump's 30% tariff threat drove European shares to a weak start on Monday, but losses were largely contained by hopes that trade talks will lead to a less punitive rate for the bloc.

However, uncertainty over whether the U.S. president will back down once again kept traders cautious. As a result, tariff-exposed autos .SXAP led declines, down 1%.

On the STOXX 600, 77% of constituents were trading lower. Only two sectors were in the black: miners .SXPP and healthcare .SXDP, both up 0.3%.

Strength in these sectors helped London's FTSE 100 .FTSE buck the weaker trend. Heavyweight drugmaker AstraZeneca AZN.L was up over 2% after meeting all goals in a study on its high-blood-pressure treatment.

The region-wide STOXX index fell 0.5%, while a gauge of euro zone equity volatility .V2TX ticked up slightly from very low levels.

(Danilo Masoni)

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EARLIER LIVE MARKETS POSTS:

BEFORE THE BELL: EUROPE HEADS SOUTH ON US TARIFF THREAT CLICK HERE

THE ART OF HOGGING HEADLINES, USING TARIFFS CLICK HERE