Market Update
European Markets Turned Negative Amid Uncertain U.S. Trade Outlook
Bridgette Randall
04 Jul, 2025
London
European markets lacked direction on Friday after a week of choppy trading amid growing uncertainty about the U.S. trade policy.
Benchmark indexes in Frankfurt, Paris, Milan, and London edged lower, as the European Union trade negotiators signaled a lack of progress in trade talks with the U.S.
The European Union is looking to avoid steep tariffs of 25% on vehicles and parts and additional duties on steel, aluminum, and food and beverage products.
Separately, China's Commerce Ministry said it plans to impose a 34.9% duty on EU brandy imports starting July 5.
On the economic front, Germany's factory orders adjusted for inflation rose 5.3% from a year ago in May, according to the latest data released by the Federal Statistical Office.
On a monthly basis, new manufacturing orders decreased 1.4% and reversed the upwardly revised 1.6% increase in the previous month.
Excluding large orders, new orders declined 3.1% from the previous month.
In a less volatile three-month comparison, new orders in the three months to May advanced 2.1% from the previous three months; excluding large orders, they rose by 1.9%.
Europe Indexes and Yields
The DAX index decreased by 0.3% to 23,855.18, the CAC-40 index edged lower 0.8% to 7,693.87, and the FTSE 100 index declined 0.2% to 8,801.82.
The yield on 10-year German bonds inched lower to 2.54%, French bonds decreased to 3.25%, the UK gilts moved down to 4.52%, and Italian bonds edged lower to 3.45%.
The euro increased to $1.18, the British pound was lower at $1.37, and the U.S. dollar was lower and traded at 79.36 Swiss cents.
Brent crude decreased $0.09 to $68.55 a barrel, and the Dutch TTF natural gas was higher by €0.22 to €33.93 per MWh.
Europe Movers
Rheinmetall AG advanced 0.8% to €1,711.50, Safran SA declined 0.8% to €268.10, BAE Systems fell 0.3% to 1,871.0, Rolls-Royce Holdings PLC edged up 0.1% to 955.0 pence, and Airbus SE decreased 0.9% to €175.16.
HSBC Holdings declined 0.1% to 883.70 pence, Barclays PLC fell 0.3% to 331.55 pence, Credit Agricole SA decreased 0.9% to €16.01, and UniCredit SpA dropped 0.7% to €56.70.
European Markets Remained Optimistic Despite Uncertain U.S. Trade Outlook
Bridgette Randall
04 Jul, 2025
London
European markets lacked direction on Friday after a week of choppy trading amid growing uncertainty about the U.S. trade policy.
Benchmark indexes in Frankfurt, Paris, Milan, and London edged lower, as the European Union trade negotiators signaled a lack of progress in trade talks with the U.S.
The European Union is looking to avoid steep tariffs of 25% on vehicles and parts and additional duties on steel, aluminum, and food and beverage products.
Separately, China's Commerce Ministry said it plans to impose a 34.9% duty on EU brandy imports starting July 5.
On the economic front, Germany's factory orders adjusted for inflation rose 5.3% from a year ago in May, according to the latest data released by the Federal Statistical Office.
On a monthly basis, new manufacturing orders decreased 1.4% and reversed the upwardly revised 1.6% increase in the previous month.
Excluding large orders, new orders declined 3.1% from the previous month.
In a less volatile three-month comparison, new orders in the three months to May advanced 2.1% from the previous three months; excluding large orders, they rose by 1.9%.
Europe Indexes and Yields
The DAX index decreased by 0.3% to 23,855.18, the CAC-40 index edged lower 0.8% to 7,693.87, and the FTSE 100 index declined 0.2% to 8,801.82.
The yield on 10-year German bonds inched lower to 2.54%, French bonds decreased to 3.25%, the UK gilts moved down to 4.52%, and Italian bonds edged lower to 3.45%.
The euro increased to $1.18, the British pound was lower at $1.37, and the U.S. dollar was lower and traded at 79.36 Swiss cents.
Brent crude decreased $0.09 to $68.55 a barrel, and the Dutch TTF natural gas was higher by €0.22 to €33.93 per MWh.
Europe Movers
Rheinmetall AG advanced 0.8% to €1,711.50, Safran SA declined 0.8% to €268.10, BAE Systems fell 0.3% to 1,871.0, Rolls-Royce Holdings PLC edged up 0.1% to 955.0 pence, and Airbus SE decreased 0.9% to €175.16.
HSBC Holdings declined 0.1% to 883.70 pence, Barclays PLC fell 0.3% to 331.55 pence, Credit Agricole SA decreased 0.9% to €16.01, and UniCredit SpA dropped 0.7% to €56.70.
Japan Indexes Trimmed Weekly Losses, Real Household Spending Advanced In May
Akira Ito
04 Jul, 2025
Tokyo
Japan's stock indexes edged higher for the second consecutive day and trimmed weekly losses amid trade uncertainty.
The Nikkei 225 Stock Average edged up 0.1%, and the broader Topix was nearly unchanged.
Investor sentiment has wavered ahead of the looming deadline on July 9, and trade negotiators are signaling a lack of progress after eight weeks of negotiations.
The U.S. has threatened a 25% tariff on Japanese vehicles and parts and proposed to shift a greater share of defense spending to Japan.
Moreover, the U.S. has also pushed Japan to import a higher share of rice, despite Japan importing nearly half of 770,000 tons of rice free of tariff from the U.S.
On the economic front, Japan's real household spending increased in May at the fastest pace since August 2022, government data showed Friday.
Real household spending increased 4.7% from a year ago to 316,085 ($2,200), the Ministry of Internal Affairs and Communication said.
Food spending, which makes up about 30% of household expenditures, edged up 1%, amid stable fresh vegetable and fruit prices, and people dined out more frequently.
The average monthly income of salaried households with at least two individuals increased 0.4% to 522,318 yen, advancing for the first time in five months.
Monthly spending data are keenly awaited by investors, because private consumption makes up more than half of Japan's gross domestic product.
Japan Indexes and Stocks
The Nikkei 225 Stock Average increased 0.1% to 39,834.08, and the broader Topix was nearly unchanged at 2,828.88.
For the week, the Nikkei 225 Stock Average is down 2.2%, and the Topix fell 1.3%.
Japan Stock Movers
Tokyo Electric Power Company increased 2.7% to ¥541.0, and Keyence Corp. edged up 1.7% to ¥57,000.0.
Mizuho Financial Group added 2.4% to ¥4,055.0, Sumitomo Mitsui Financial Group edged up 0.9% to ¥3,692.0, and Mitsubishi UFJ Financial Group increased 1.4% to ¥2,015.50.
Japan Indexes Trimmed Weekly Losses, Real Household Spending Advanced In May
Akira Ito
04 Jul, 2025
Tokyo
Japan's stock indexes edged higher for the second consecutive day and trimmed weekly losses amid trade uncertainty.
The Nikkei 225 Stock Average edged up 0.1%, and the broader Topix was nearly unchanged.
Investor sentiment has wavered ahead of the looming deadline on July 9, and trade negotiators are signaling a lack of progress after eight weeks of negotiations.
The U.S. has threatened a 25% tariff on Japanese vehicles and parts and proposed to shift a greater share of defense spending to Japan.
Moreover, the U.S. has also pushed Japan to import a higher share of rice, despite Japan importing nearly half of 770,000 tons of rice free of tariff from the U.S.
On the economic front, Japan's real household spending increased in May at the fastest pace since August 2022, government data showed Friday.
Real household spending increased 4.7% from a year ago to 316,085 ($2,200), the Ministry of Internal Affairs and Communication said.
Food spending, which makes up about 30% of household expenditures, edged up 1%, amid stable fresh vegetable and fruit prices, and people dined out more frequently.
The average monthly income of salaried households with at least two individuals increased 0.4% to 522,318 yen, advancing for the first time in five months.
Monthly spending data are keenly awaited by investors, because private consumption makes up more than half of Japan's gross domestic product.
Japan Indexes and Stocks
The Nikkei 225 Stock Average increased 0.1% to 39,834.08, and the broader Topix was nearly unchanged at 2,828.88.
For the week, the Nikkei 225 Stock Average is down 2.2%, and the Topix fell 1.3%.
Japan Stock Movers
Tokyo Electric Power Company increased 2.7% to ¥541.0, and Keyence Corp. edged up 1.7% to ¥57,000.0.
Mizuho Financial Group added 2.4% to ¥4,055.0, Sumitomo Mitsui Financial Group edged up 0.9% to ¥3,692.0, and Mitsubishi UFJ Financial Group increased 1.4% to ¥2,015.50.
China Stocks Meandered Ahead of U.S. Tariff Deadline Next Week
Li Chen
04 Jul, 2025
Hong Kong
Stocks in China struggled to advance for the second consecutive session amid a lack of progress in trade talks with the U.S.
The Hang Seng index fell as much as 1%, and the mainland-focused CSI 300 index edged slightly higher after morning jitters.
For the week, the Hang Seng index decreased 2.2%, but the CSI 300 index rose 1.6%.
Property stocks in Hong Kong came under pressure after the Hong Kong Monetary Authority drained financial liquidity from the system by selling notes worth HK $29.634 billion.
Trade negotiations between China and the U.S. have so far yielded little progress, as both sides maneuver to gain an advantage.
China is looking for the U.S. to cut down its additional duties to 10%, and the U.S. is expecting greater access for agriculture and food exports and protection of intellectual properties.
China Indexes and Stocks
The Hang Seng Index declined 0.8% to 23,889.39, and the CSI 300 index added 0.4% to 3,983.40.
CK Assets Holding Ltd. decreased 2.2% to HK $34.65, Sun Hung Kai Properties Ltd. declined 1.1% to $92.25, and Henderson Land Development Co. Ltd. fell 1.2% to HK $28.70.
Alibaba Group Holding Ltd. decreased 0.4% to HK $105.60, and Alibaba Health dropped 7% to HK $4.19.
Alibaba Group, the parent company for the health services provider, said it plans to sell US $1.5 billion of convertible bonds, potentially diluting its stake in the future.
Anjoy Foods Group decreased 2.4% to HK $58.40, and the company completed its initial public offering on the Hong Kong Stock Exchange.
The company raised net proceeds of HK$2.3 billion through the sale of 40 million shares at a price of HK$60per share.
China Stocks Meandered Ahead of U.S. Tariff Deadline Next Week
Li Chen
04 Jul, 2025
Hong Kong
Stocks in China struggled to advance for the second consecutive session amid a lack of progress in trade talks with the U.S.
The Hang Seng index fell as much as 1%, and the mainland-focused CSI 300 index edged slightly higher after morning jitters.
For the week, the Hang Seng index decreased 2.2%, but the CSI 300 index rose 1.6%.
Property stocks in Hong Kong came under pressure after the Hong Kong Monetary Authority drained financial liquidity from the system by selling notes worth HK $29.634 billion.
Trade negotiations between China and the U.S. have so far yielded little progress, as both sides maneuver to gain an advantage.
China is looking for the U.S. to cut down its additional duties to 10%, and the U.S. is expecting greater access for agriculture and food exports and protection of intellectual properties.
China Indexes and Stocks
The Hang Seng Index declined 0.8% to 23,889.39, and the CSI 300 index added 0.4% to 3,983.40.
CK Assets Holding Ltd. decreased 2.2% to HK $34.65, Sun Hung Kai Properties Ltd. declined 1.1% to $92.25, and Henderson Land Development Co. Ltd. fell 1.2% to HK $28.70.
Alibaba Group Holding Ltd. decreased 0.4% to HK $105.60, and Alibaba Health dropped 7% to HK $4.19.
Alibaba Group, the parent company for the health services provider, said it plans to sell US $1.5 billion of convertible bonds, potentially diluting its stake in the future.
Anjoy Foods Group decreased 2.4% to HK $58.40, and the company completed its initial public offering on the Hong Kong Stock Exchange.
The company raised net proceeds of HK$2.3 billion through the sale of 40 million shares at a price of HK$60per share.
Wall Street Indexes Scale New Highs After June's Jobs Report Lifts Sentiment
Barry Adams
03 Jul, 2025
New York City
Stocks advanced on Wall Street after nonfarm payrolls expanded at a faster-than-expected pace in June.
The S&P 500 index gained 0.5%, and the tech-heavy Nasdaq Composite advanced 0.6% after better-than-expected payrolls eased worries about the volatile U.S. trade policy and geopolitical uncertainties.
U.S. Economy Added Jobs at Faster Than Expected Pace in June
The U.S. economy added jobs at a faster-than-expected pace of 147,000 in June, according to the latest data released by the U.S. Bureau of Labor Statistics.
The change in total nonfarm payroll employment for April was revised up by 11,000, from an increase of 147,000 to a rise of 158,000, and the change for May was revised up by 5,000, from 139,000 to 144,000.
With these revisions, employment in April and May combined is 16,000 higher than previously reported.
Average hourly earnings for all employees on private nonfarm payrolls rose by 8 cents, or 0.2%, from the previous month, or 3.7% from a year ago, in June.
Both the unemployment rate, at 4.1%, and the number of unemployed people, at 7.0 million, changed little in June.
The unemployment rate has remained in a narrow range of 4.0% to 4.2% since May 2024.
U.S. Trade Deficit Widens as Businesses Front-Load Ahead of Tariffs
The U.S. overall trade deficit expanded in May after exports fell, according to the monthly report released by the U.S. Bureau of Economic Analysis.
Exports decreased 4% to $279 billion, imports fell 0.1% to $350.5 billion, and the trade deficit rose 18.7% to $71.5 billion from the previous month, respectively.
The largest trade deficit was recorded with the European Union, totaling $22.5 billion compared to $17.9 billion in April.
Deficits with Mexico and Vietnam increased, largely because of a surge in indirect exports from China.
The trade gap with Vietnam rose to $14.9 billion from $14.5 billion, with Mexico it soared to $17.1 billion from $13.5 billion, and with Canada it advanced to $2.8 billion from $2.0 billion.
The direct trade deficit with China shrank to $14.0 billion from $19.7 billion, as China-based manufacturers diversified operations to other locations.
Commodities, Currencies, Indexes, Yields
The S&P 500 index increased 0.5% to 6,260.57, the Nasdaq Composite edged up 0.6% to 20,519.41, and the Russell 2000 index advanced 0.5% to 2,237.36.
The yield on 2-year Treasury notes edged higher to 3.88%, 10-year Treasury notes increased to 4.33%, and 30-year Treasury bonds advanced to 4.85%.
WTI crude oil decreased $0.38 to $67.07 a barrel, and natural gas prices edged higher by $0.03 to $3.52 a thermal unit.
Gold decreased by $24.34 to $3,333.88 an ounce, and silver edged up by $0.22 to $36.78.
The dollar index, which weighs the US currency against a basket of foreign currencies, increased by 0.36 to 97.14 and traded at the lowest level since April 2022.
U.S. Stock Movers
Advanced chip design software developers gained after the U.S. removed some of the restrictions on sales to China.
Cadence Design Systems Inc. jumped 4.5% to $325.23, Synopsys soared 4.1% to $544.61, and ANSYS jumped 3.4% to $365.38.
Datadog Inc. soared 13.2% to $152.83, and the Internet infrastructure management company was selected to be included in the S&P 500 index before the start of trading on July 9.
Wall Street Indexes Scale New Highs After June's Jobs Report Lifts Sentiment
Barry Adams
03 Jul, 2025
New York City
Stocks advanced on Wall Street after nonfarm payrolls expanded at a faster-than-expected pace in June.
The S&P 500 index gained 0.5%, and the tech-heavy Nasdaq Composite advanced 0.6% after better-than-expected payrolls eased worries about the volatile U.S. trade policy and geopolitical uncertainties.
U.S. Economy Added Jobs at Faster Than Expected Pace in June
The U.S. economy added jobs at a faster-than-expected pace of 147,000 in June, according to the latest data released by the U.S. Bureau of Labor Statistics.
The change in total nonfarm payroll employment for April was revised up by 11,000, from an increase of 147,000 to a rise of 158,000, and the change for May was revised up by 5,000, from 139,000 to 144,000.
With these revisions, employment in April and May combined is 16,000 higher than previously reported.
Average hourly earnings for all employees on private nonfarm payrolls rose by 8 cents, or 0.2%, from the previous month, or 3.7% from a year ago, in June.
Both the unemployment rate, at 4.1%, and the number of unemployed people, at 7.0 million, changed little in June.
The unemployment rate has remained in a narrow range of 4.0% to 4.2% since May 2024.
U.S. Trade Deficit Widens as Businesses Front-Load Ahead of Tariffs
The U.S. overall trade deficit expanded in May after exports fell, according to the monthly report released by the U.S. Bureau of Economic Analysis.
Exports decreased 4% to $279 billion, imports fell 0.1% to $350.5 billion, and the trade deficit rose 18.7% to $71.5 billion from the previous month, respectively.
The largest trade deficit was recorded with the European Union, totaling $22.5 billion compared to $17.9 billion in April.
Deficits with Mexico and Vietnam increased, largely because of a surge in indirect exports from China.
The trade gap with Vietnam rose to $14.9 billion from $14.5 billion, with Mexico it soared to $17.1 billion from $13.5 billion, and with Canada it advanced to $2.8 billion from $2.0 billion.
The direct trade deficit with China shrank to $14.0 billion from $19.7 billion, as China-based manufacturers diversified operations to other locations.
Commodities, Currencies, Indexes, Yields
The S&P 500 index increased 0.5% to 6,260.57, the Nasdaq Composite edged up 0.6% to 20,519.41, and the Russell 2000 index advanced 0.5% to 2,237.36.
The yield on 2-year Treasury notes edged higher to 3.88%, 10-year Treasury notes increased to 4.33%, and 30-year Treasury bonds advanced to 4.85%.
WTI crude oil decreased $0.38 to $67.07 a barrel, and natural gas prices edged higher by $0.03 to $3.52 a thermal unit.
Gold decreased by $24.34 to $3,333.88 an ounce, and silver edged up by $0.22 to $36.78.
The dollar index, which weighs the US currency against a basket of foreign currencies, increased by 0.36 to 97.14 and traded at the lowest level since April 2022.
U.S. Stock Movers
Advanced chip design software developers gained after the U.S. removed some of the restrictions on sales to China.
Cadence Design Systems Inc. jumped 4.5% to $325.23, Synopsys soared 4.1% to $544.61, and ANSYS jumped 3.4% to $365.38.
Datadog Inc. soared 13.2% to $152.83, and the Internet infrastructure management company was selected to be included in the S&P 500 index before the start of trading on July 9.
Europe Movers: Bang & Olufsen, Nordnet Bank, Stolt-Nielsen
Inga Muller
03 Jul, 2025
Frankfurt
Bang & Olufsen A/S advanced 3.5% to DKK 13.68 despite the Danish consumer electronics company reporting weak results for the fiscal year 2025 ending on May 31.
Revenue slipped to DKK 2.55 billion from DKK 2.59 billion, net loss expanded to DKK 29 million from a loss of DKK 17 million, and diluted loss per share widened to 20 cents from 10 cents a year ago.
The company guided fiscal 2026 revenue to grow between 1% and 8% in local currencies, compared to DKK 2.55 billion a year earlier.
Revenue in the fourth quarter edged up to DKK 680 million from DKK 655 million, and net loss narrowed to DKK 6 million from a loss of DKK 36 million a year ago.
Same-store sales in the quarter increased 7% as the branded channels grew by 8%, and same-store sales in the full year jumped 4%, with the branded channels up 9%.
Nordnet Bank AB gained 0.5% to SEK 256.80 after the Sweden-based digital bank released its monthly customer statistics for June.
The company’s customers made 4,724,500 trades in listed financial instruments, which corresponds to 243,700 trades per day, compared to 3,773,000 monthly trades and 200,700 trades per day in June 2024.
New customers in June amounted to 18,800 at an annual customer growth rate of 13.7%, compared to 16,300 new customers a year ago.
The total number of customers at the end of June was 2,222,900, compared to 1,975,300 a year earlier.
The company said net savings for June were SEK 4.5 billion, down from SEK 5.1 billion, and the total net savings during 2025 were SEK 39.5 billion, up from SEK 37.4 billion in the previous year, respectively.
The savings capital was SEK 1.06 trillion, and lending amounted to SEK 26.9 billion at the end of June, compared to SEK 963 billion and SEK 31.5 billion a year ago, respectively.
Stolt-Nielsen Ltd. advanced 7.2% to 22.45 despite the Norway-based provider of transportation and storage of specialty and bulk liquid chemicals reporting weak results for the second quarter of 2025 ending on May 31.
Revenue declined to $712.92 million from $741.15 million, net profit edged down to $75.23 million from $100.18 million, and diluted earnings per share fell to $1.41 from $1.87 a year ago.
For the first half of the year, revenue dropped to $1.39 billion from $1.45 billion, net profit jumped to $226.64 million from $204.15 million, and diluted earnings per share rose to $4.24 from $3.81 a year earlier.
Results include one-off gains due to the step-up of equity investments in Avenir LNG Ltd. and Hassel Shipping 4.
Europe Movers: Bang & Olufsen, Nordnet Bank, Stolt-Nielsen
Inga Muller
03 Jul, 2025
Frankfurt
Bang & Olufsen A/S advanced 3.5% to DKK 13.68 despite the Danish consumer electronics company reporting weak results for the fiscal year 2025 ending on May 31.
Revenue slipped to DKK 2.55 billion from DKK 2.59 billion, net loss expanded to DKK 29 million from a loss of DKK 17 million, and diluted loss per share widened to 20 cents from 10 cents a year ago.
The company guided fiscal 2026 revenue to grow between 1% and 8% in local currencies, compared to DKK 2.55 billion a year earlier.
Revenue in the fourth quarter edged up to DKK 680 million from DKK 655 million, and net loss narrowed to DKK 6 million from a loss of DKK 36 million a year ago.
Same-store sales in the quarter increased 7% as the branded channels grew by 8%, and same-store sales in the full year jumped 4%, with the branded channels up 9%.
Nordnet Bank AB gained 0.5% to SEK 256.80 after the Sweden-based digital bank released its monthly customer statistics for June.
The company’s customers made 4,724,500 trades in listed financial instruments, which corresponds to 243,700 trades per day, compared to 3,773,000 monthly trades and 200,700 trades per day in June 2024.
New customers in June amounted to 18,800 at an annual customer growth rate of 13.7%, compared to 16,300 new customers a year ago.
The total number of customers at the end of June was 2,222,900, compared to 1,975,300 a year earlier.
The company said net savings for June were SEK 4.5 billion, down from SEK 5.1 billion, and the total net savings during 2025 were SEK 39.5 billion, up from SEK 37.4 billion in the previous year, respectively.
The savings capital was SEK 1.06 trillion, and lending amounted to SEK 26.9 billion at the end of June, compared to SEK 963 billion and SEK 31.5 billion a year ago, respectively.
Stolt-Nielsen Ltd. advanced 7.2% to 22.45 despite the UK-based provider of transportation and storage of specialty and bulk liquid chemicals reporting weak results for the second quarter of 2025 ending on May 31.
Revenue declined to $712.92 million from $741.15 million, net profit edged down to $75.23 million from $100.18 million, and diluted earnings per share fell to $1.41 from $1.87 a year ago.
For the first half of the year, revenue dropped to $1.39 billion from $1.45 billion, net profit jumped to $226.64 million from $204.15 million, and diluted earnings per share rose to $4.24 from $3.81 a year earlier.
Results include one-off gains due to the step-up of equity investments in Avenir LNG Ltd. and Hassel Shipping 4.
European Markets Edged Higher and Euro Held Near 4-Year High
Bridgette Randall
03 Jul, 2025
London
European market indexes advanced, and the euro held amid rising optimism that the U.S. and the EU may strike a trade agreement before the looming deadline next week.
Benchmark indexes in Frankfurt, Paris, Milan, and London edged higher, and investors shifted their focus to trade negotiations.
The U.S. and the European Union are struggling to find a common ground on lower tariff rates on vehicles and parts, food products, and steel and aluminum.
In 2024, the European Union's trade surplus with the U.S. was $161 billion, driven largely by the goods surplus of $236 billion.
The trade agreement is likely to increase import tax on goods shipped from the European Union to as high as 20% from the current 10%.
Europe Indexes and Yields
The DAX index increased by 0.2% to 23,838.47, the CAC-40 index edged higher 0.3% to 7,758.40, and the FTSE 100 index advanced 0.5% to 8,819.84.
The yield on 10-year German bonds inched lower to 2.60%, French bonds decreased to 3.30%, UK gilts moved down to 4.53%, and Italian bonds edged lower to 3.51%.
The euro increased to $1.18; the British pound was higher at $1.37; and the U.S. dollar was lower and traded at 79.09 Swiss cents.
Brent crude decreased $0.70 to $68.40 a barrel, and the Dutch TTF natural gas was higher by €0.31 to €33.62 per MWh.
Europe Movers
Semiconductor chip design software companies gained after the U.S. lifted some of the sales restrictions to China.
Siemens AG gained 1.1% to €222.10, Infineon Technologies AG increased 1.6% to €36.83, and NXP Semiconductors NV added 3.5% to €195.0.
Fashion and luxury stocks advanced in the hopes that the European Union and the U.S. could set aside their differences after the U.S. announced a trade deal with Vietnam.
LVMH gained 0.1% to €493.35, Kering SA increased 0.3% to €204.55, Hermes International SCA decreased 0.3% to €2,314.0, and Moncler SpA declined 0.5% to €51.26.
European Markets Edged Higher and Euro Held Near 4-Year High
Bridgette Randall
03 Jul, 2025
London
European market indexes advanced, and the euro held amid rising optimism that the U.S. and the EU may strike a trade agreement before the looming deadline next week.
Benchmark indexes in Frankfurt, Paris, Milan, and London edged higher, and investors shifted their focus to trade negotiations.
The U.S. and the European Union are struggling to find a common ground on lower tariff rates on vehicles and parts, food products, and steel and aluminum.
In 2024, the European Union's trade surplus with the U.S. was $161 billion, driven largely by the goods surplus of $236 billion.
The trade agreement is likely to increase import tax on goods shipped from the European Union to as high as 20% from the current 10%.
Europe Indexes and Yields
The DAX index increased by 0.2% to 23,838.47, the CAC-40 index edged higher 0.3% to 7,758.40, and the FTSE 100 index advanced 0.5% to 8,819.84.
The yield on 10-year German bonds inched lower to 2.60%, French bonds decreased to 3.30%, UK gilts moved down to 4.53%, and Italian bonds edged lower to 3.51%.
The euro increased to $1.18; the British pound was higher at $1.37; and the U.S. dollar was lower and traded at 79.09 Swiss cents.
Brent crude decreased $0.70 to $68.40 a barrel, and the Dutch TTF natural gas was higher by €0.31 to €33.62 per MWh.
Europe Movers
Semiconductor chip design software companies gained after the U.S. lifted some of the sales restrictions to China.
Siemens AG gained 1.1% to €222.10, Infineon Technologies AG increased 1.6% to €36.83, and NXP Semiconductors NV added 3.5% to €195.0.
Fashion and luxury stocks advanced in the hopes that the European Union and the U.S. could set aside their differences after the U.S. announced a trade deal with Vietnam.
LVMH gained 0.1% to €493.35, Kering SA increased 0.3% to €204.55, Hermes International SCA decreased 0.3% to €2,314.0, and Moncler SpA declined 0.5% to €51.26.
U.S. Movers: Franklin Covey
Scott Peters
03 Jul, 2025
New York City
Franklin Covey Co. declined 7.8% to $22.28 after the coaching and consulting company reported weak results for the fiscal third quarter of 2025 ending on May 31.
Revenue dropped to $67.12 million from $73.37 million, net income swung to a loss of $1.41 million from a profit of $5.72 million, and diluted earnings per share swung to a loss of 11 cents from a profit of 43 cents a year ago.
The company purchased approximately 372,000 shares of its own stock for $8.3 million during the quarter, and for the full fiscal year, it has purchased 769,000 shares for a total of $23.0 million.
The consulting organization guided full-year revenue to be between $265 million and $275 million, compared to $287.2 million, and adjusted EBITDA between $28 million and $33 million, compared to $55.27 million in 2024, respectively.
During the third quarter, revenue in the company’s enterprise division totaled $47.3 million, compared to $73.4 million, and in the education segment, sales were down to $18.6 million, compared to $20.2 million in the prior year, respectively.