European stocks were slightly lower on Monday morning, as investors closely monitored U.S. President Donald Trump’s visa crackdown.

The pan-European Stoxx 600 index traded 0.2% lower shortly after the opening bell, with most sectors and major bourses in negative territory.

Auto stocks notched some of the biggest losses in early deals. The Stoxx Europe Automobiles and Parts index was down 2.3% at 8:15 a.m. London time.

Germany’s Porsche

led the declines, down roughly 6.7% after the luxury sportscar manufacturer recently slashed its 2025 profitability outlook. The company also delayed the launch of electric car models due to weak demand. Volkswagen