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European shares edge higher as earnings roll in, tariff watch continues

The pan-European STOXX 600 index was up 0.2%, as of 0712 GMT, but on track for a second consecutive monthly drop, if current trend holds. The UK's FTSE index slipped as BP shares fell 3.3% after the oil giant reported first-quarter profit that missed expectations. U.S. President Donald Trump's administration will move to reduce the impact of his automotive tariffs by alleviating some duties imposed on foreign parts in domestically manufactured cars and keeping tariffs on cars made abroad from piling on top of other ones, officials said.

The pan-European STOXX 600 index was up 0.2%, as of 0712 GMT, but on track for a second consecutive monthly drop, if current trend holds. The UK's FTSE index slipped as BP shares fell 3.

3% after the oil giant reported first-quarter profit that missed expectations. U.S.

President Donald Trump's administration will move to reduce the impact of his automotive tariffs by alleviating some duties imposed on foreign parts in domestically manufactured cars and keeping tariffs on cars made abroad from piling on top of other ones, officials said..