The pan-European STOXX 600 index was flat at 07:13 GMT, but most regional indices remained in positive territory.
Volkswagen, Europe’s biggest automaker, rose 2.3% as the company maintained its full-year outlook after its global production network helped offset supply chain disruptions.
Pandora slid 1.3% after the Danish jewelry maker signaled heightened uncertainty about its full-year earnings forecast.
Shares of Norwegian firm Equinor slid 1.5% even as the company reported record quarterly pre-tax profit after conflict in Ukraine sparked an energy supply crisis that pushed up gas prices natural from historic peaks.
European Union countries will stop importing Russian oil and refined products, the head of the European Commission, the bloc’s executive body, has said, proposing a sixth round of sanctions against Moscow for waging a war against Russia. Ukraine.
Swedish builder Skanska fell 5.3% after posting lower first-quarter profit and bracing for possible project cancellations in its Eastern European markets as a side effect of the war in Ukraine.