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European markets fall as mining stocks slide; Bayer shares at 20-year lows; Mediobanca down 8%

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European markets were lower Tuesday as investors assess what U.S. President-elect Donald Trump's return to the White House could mean for the region's economy.

Semiconductor company Infineon on Tuesday said it was expecting its revenue in its 2025 fiscal year to be slightly lower than that recorded in its 2024 fiscal year, which ended on Sept. 30. The company reported that its revenue in the fiscal year 2024 came in at 14.955 billion euros , which it said was down 8% from the previous year.

'If we think structural, there are always these five mega trends, its electrification, its software defined vehicle, its IOT , its renewables and even more and more its data center/AI. So these structural trends are unbroken, they are very strong,' he said. On the cyclical side, two factors beyond geopolitical and macro uncertainty were in play, Schneider added.

 

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