European Stocks Trim Monthly Gain as Autos, Miners Lead Decline

European stocks declined as autos and miners slumped. Rolls-Royce Holdings Plc shares soared to a record after the aircraft-engine maker raised its outlook on one of the busiest days for earnings.

The Stoxx Europe 600 Index slipped 0.8% at the close in London. Still, the benchmark posted a 0.9% gain in July. Mining stocks declined on the 50% tariff that President Donald Trump is imposing on some imports of copper to the US. Ferrari NV sank 12%, leading declines in carmakers after it reported disappointing demand for luxury vehicles.