European Markets Soar 4% Tracking Gains On Wall Street, Bond Yields Advance

Bridgette Randall
10 Apr, 2025
London

Stock market indexes in Europe soared, tracking gains on Wall Street in the previous session after the U.S. president announced a dramatic U-turn on his widely promoted trade policy. 

Benchmark indexes in Frankfurt, Paris, Milan, and London roared back and gained between 5% and 7%, as trade tensions between the European Union and the U.S. eased, for now. 

Donald J. Trump announced the pause of reciprocal tariffs on all imports only hours after they went into effect. 

However, the Trump administration slapped additional tariffs on China, increasing the total to 125%. 

The base tariffs of 10% will remain in place on all other imports, except a 25% levy on shipments from Mexico and Canada that are not compliant with the U.S.-Mexico-Canada accord. 

European stock markets advanced, bond yields edged higher, and the euro and the pound retained an upward bias as the dollar continued to lose ground.  

Donald Trump was forced to announce the halting of steep tariffs on key trading partners and other exporting nations after wild swings in the bond market raised worries that the upcoming bond auction is likely to fail amid weak interest from foreign central banks. 

Central banks of key trading partners, including Canada, Japan, the European Union, and China, are key buyers of the U.S. dollar-denominated debt issued by the federal government. 

The sharp escalation in trade tensions played a key role in convincing foreign buyers of U.S. debts, which provides critical capital to finance the U.S. federal government deficit. 

Europe Indexes and Yields

The DAX index increased by 7.1% to 21,062.83, the CAC-40 index edged higher 6.8% to 7,329.46, and the FTSE 100 index advanced by 4.6% to 8,029.37.

Bond yields advanced after investors dialed down on a rate cut expectations after the next policy meeting ending on April 17.  

The yield on 10-year German bonds inched higher to 2.69%, French bonds increased to 3.44%, the UK gilts moved down to 4.75%, and Italian bonds edged lower to 3.88%.

The euro increased to $1.10; the British pound was higher at $1.29; and the U.S. dollar was lower and traded at 85.13 Swiss cents.

Brent crude decreased $1.54 to $63.94 a barrel, and the Dutch TTF natural gas was higher by €2.38 to €35.84 per MWh.

Europe Movers 

Banks, automobile makers, and consumer goods exporters led the gainers in trading.

Adidas jumped 11% to €206.0, Puma SE advanced 10.5% to €20.29, and Pandora AS advanced 11.1% to DKK 982.20.

Deutsche Bank jumped 9.1% to €19.59, UniCredit SpA advanced 9.4% to €47.59, UBS Group AG increased 7.2% to CHF 23.60, and BNP Paribas SA gained 8.4% to €69.25.

Mercedes Benz Group AG gained 4.9% to €49.0, BMW AG increased 5.5% to €67.02, and Porsche Automobil Holding SE added 3.3% to €32.46.  

European Markets Soar 4% Tracking Gains On Wall Street, Bond Yields Advance

Bridgette Randall
10 Apr, 2025
London

Stock market indexes in Europe soared, tracking gains on Wall Street in the previous session after the U.S. president announced a dramatic U-turn on his widely promoted trade policy. 

Benchmark indexes in Frankfurt, Paris, Milan, and London roared back and gained between 5% and 7%, as trade tensions between the European Union and the U.S. eased, for now. 

Donald J. Trump announced the pause of reciprocal tariffs on all imports only hours after they went into effect. 

However, the Trump administration slapped additional tariffs on China, increasing the total to 125%. 

The base tariffs of 10% will remain in place on all other imports, except a 25% levy on shipments from Mexico and Canada that are not compliant with the U.S.-Mexico-Canada accord. 

European stock markets advanced, bond yields edged higher, and the euro and the pound retained an upward bias as the dollar continued to lose ground.  

Donald Trump was forced to announce the halting of steep tariffs on key trading partners and other exporting nations after wild swings in the bond market raised worries that the upcoming bond auction is likely to fail amid weak interest from foreign central banks. 

Central banks of key trading partners, including Canada, Japan, the European Union, and China, are key buyers of the U.S. dollar-denominated debt issued by the federal government. 

The sharp escalation in trade tensions played a key role in convincing foreign buyers of U.S. debts, which provides critical capital to finance the U.S. federal government deficit. 

Europe Indexes and Yields

The DAX index increased by 7.1% to 21,062.83, the CAC-40 index edged higher 6.8% to 7,329.46, and the FTSE 100 index advanced by 4.6% to 8,029.37.

Bond yields advanced after investors dialed down on a rate cut expectations after the next policy meeting ending on April 17.  

The yield on 10-year German bonds inched higher to 2.69%, French bonds increased to 3.44%, the UK gilts moved down to 4.75%, and Italian bonds edged lower to 3.88%.

The euro increased to $1.10; the British pound was higher at $1.29; and the U.S. dollar was lower and traded at 85.13 Swiss cents.

Brent crude decreased $1.54 to $63.94 a barrel, and the Dutch TTF natural gas was higher by €2.38 to €35.84 per MWh.

Europe Movers 

Banks, automobile makers, and consumer goods exporters led the gainers in trading.

Adidas jumped 11% to €206.0, Puma SE advanced 10.5% to €20.29, and Pandora AS advanced 11.1% to DKK 982.20.

Deutsche Bank jumped 9.1% to €19.59, UniCredit SpA advanced 9.4% to €47.59, UBS Group AG increased 7.2% to CHF 23.60, and BNP Paribas SA gained 8.4% to €69.25.

Mercedes Benz Group AG gained 4.9% to €49.0, BMW AG increased 5.5% to €67.02, and Porsche Automobil Holding SE added 3.3% to €32.46.  

Tokyo Stocks Roar After Trump Unexpectedly Halted Reciprocal Tariffs

Akira Ito
10 Apr, 2025
Tokyo

Japan's stock market indexes soared in Wednesday's trading after the U.S. president unexpectedly announced a pause of the forcefully promoted tariffs on all imports. 

The Nikkei 225 Stock Average catapulted nearly 10%, and the broader TOPIX index advanced more than 8% after the mercurial U.S. president reversed the course and halted the implementation of stiff reciprocal tariffs on all nations, except China, for the next 90 days. 

Trump still raised tariffs on China by an additional 50%, increasing the total to 125%.

The base tariff of 10% will remain in place on all other imports and 25% on shipments from Canada and Mexico that do not meet the rules laid out in the free trade agreement among the three neighbors. 

Donald Trump was forced to announce the halting of steep tariffs on key trading partners and other exporting nations after wild swings in the bond market raised worries that the upcoming bond auction is likely to fail amid weak interest from foreign central banks. 

The dramatic reversal in trade policy was brought about after the Treasury officials confirmed weak demand at the upcoming auction and the weakening of the U.S. dollar against the euro and other major currencies. 

The Japanese yen closed at 144.67 against the U.S. dollar in Tokyo trading.  

Japan Indexes and Stocks 

The Nikkei 225 Stock Average soared 9.6% to 34,609.0, and the broader TOPX advanced 8.1% to 2,539.40.

Mitsubishi UFJ Financial Group soared 11.7% to ¥1,711.00, Sumitomo Mitsui Financial Group advanced 6.4% to ¥3,221.00, and Mizuho Financial Group jumped 7.8% to ¥3,429.00. 

Toyota Motor Company increased 7.5% to ¥2,543.00, Honda Motor Company advanced 8.4% to ¥1,348.50, and Nissan Motor Company jumped 9% to ¥339.70.

Seven & I Holdings Co. Ltd. increased 9.8% to ¥2,030.00, Takashimaya Co. Ltd. advanced 4.6% to ¥1,125.50, Isetan Mitsukoshi increased 3.7% to ¥1,125.50, and Fast Retailing Co. Ltd. gained 9.1% to ¥46,480.00.

Tokyo Stocks Roar After Trump Unexpectedly Halted Reciprocal Tariffs

Akira Ito
10 Apr, 2025
Tokyo

Japan's stock market indexes soared in Wednesday's trading after the U.S. president unexpectedly announced a pause of the forcefully promoted tariffs on all imports. 

The Nikkei 225 Stock Average catapulted nearly 10%, and the broader TOPIX index advanced more than 8% after the mercurial U.S. president reversed the course and halted the implementation of stiff reciprocal tariffs on all nations, except China, for the next 90 days. 

Trump still raised tariffs on China by an additional 50%, increasing the total to 125%.

The base tariff of 10% will remain in place on all other imports and 25% on shipments from Canada and Mexico that do not meet the rules laid out in the free trade agreement among the three neighbors. 

Donald Trump was forced to announce the halting of steep tariffs on key trading partners and other exporting nations after wild swings in the bond market raised worries that the upcoming bond auction is likely to fail amid weak interest from foreign central banks. 

The dramatic reversal in trade policy was brought about after the Treasury officials confirmed weak demand at the upcoming auction and the weakening of the U.S. dollar against the euro and other major currencies. 

The Japanese yen closed at 144.67 against the U.S. dollar in Tokyo trading.  

Japan Indexes and Stocks 

The Nikkei 225 Stock Average soared 9.6% to 34,609.0, and the broader TOPX advanced 8.1% to 2,539.40.

Mitsubishi UFJ Financial Group soared 11.7% to ¥1,711.00, Sumitomo Mitsui Financial Group advanced 6.4% to ¥3,221.00, and Mizuho Financial Group jumped 7.8% to ¥3,429.00. 

Toyota Motor Company increased 7.5% to ¥2,543.00, Honda Motor Company advanced 8.4% to ¥1,348.50, and Nissan Motor Company jumped 9% to ¥339.70.

Seven & I Holdings Co. Ltd. increased 9.8% to ¥2,030.00, Takashimaya Co. Ltd. advanced 4.6% to ¥1,125.50, Isetan Mitsukoshi increased 3.7% to ¥1,125.50, and Fast Retailing Co. Ltd. gained 9.1% to ¥46,480.00.

China's Consumer and Producer Prices Fall Again, U.S. Targets China with Additional Tariffs

Li Chen
10 Apr, 2025
Hong Kong

China and Hong Kong stock market indexes advanced, and the yuan remained under pressure after the U.S. slapped additional tariffs on China. 

The Hang Seng index advanced 2%, and the mainland-focused CSI 300 index gained 1% amid the escalating trade war between the U.S. and China. 

The Trump administration imposed an additional 50% tariff on China, increasing the total to 124%, and paused for 90 days tariffs on all other imports.  

The escalating trade tensions kept market gains in check after Wall Street indexes soared as much as 10% after the Trump administration announced yet another change in the trade policy. 

Benchmark indexes in Japan soared 8.8%, in Australia jumped 4%, and in South Korea advanced 6%.  

On the economic front, consumer price inflation fell 0.1% from a year ago in March, matching the decline for the January-February period.

Food prices decreased by 1.4%, while service prices increased by 0.3%, according to the statistics bureau.    

Core inflation, which excludes food and energy prices. accelerated to 0.5% from 0.3% in the two-period month ending in February. 

The decline in consumer prices was milder than 0.7% fall in February, but prices fell for the second consecutive month. 

The producer price index declined for the 35th consecutive month and fell 2.5% in March, faster than 2.3% in the previous month. 

The National Bureau of Statistics announced inflation updates in two separate reports on Wednesday. 

The decline in inflation confirmed the ongoing deflation trend after consumer prices rose 0.2% in 2024 and matched the rate in the previous year. 

China Indexes Stocks 

The Hang Seng index soared 2.4% to 20,819.35, and the mainland-focused CSI 300 index advanced 1.3% to 3,733.59. 

Li Auto soared 6.5% to HK $86.65, BYD rose 3.7% to HK $347.60, and Xpeng jumped 6.3% to $72.50.

Sunny Optical Technology Group advanced 6.4% to HK $63.0, Lenovo Group Ltd. rose 7.7% to HK $8.08, and SMIC advanced 3.5% to HK $44.75.

Alibaba Group Holding advanced 3.3% to HK $44.75, Tencent Holdings Ltd. gained 2.5% to HK $44.75, and JD.com advanced 5.5% to HK $44.75.  

China's Consumer and Producer Prices Fall Again, U.S. Targets China with Additional T

Li Chen
10 Apr, 2025
Hong Kong

China and Hong Kong stock market indexes advanced, and the yuan remained under pressure after the U.S. slapped additional tariffs on China. 

The Hang Seng index advanced 2%, and the mainland-focused CSI 300 index gained 1% amid the escalating trade war between the U.S. and China. 

The Trump administration imposed an additional 50% tariff on China, increasing the total to 124%, and paused for 90 days tariffs on all other imports.  

The escalating trade tensions kept market gains in check after Wall Street indexes soared as much as 10% after the Trump administration announced yet another change in the trade policy. 

Benchmark indexes in Japan soared 8.8%, in Australia jumped 4%, and in South Korea advanced 6%.  

On the economic front, consumer price inflation fell 0.1% from a year ago in March, matching the decline for the January-February period.

Food prices decreased by 1.4%, while service prices increased by 0.3%, according to the statistics bureau.    

Core inflation, which excludes food and energy prices. accelerated to 0.5% from 0.3% in the two-period month ending in February. 

The decline in consumer prices was milder than 0.7% fall in February, but prices fell for the second consecutive month. 

The producer price index declined for the 35th consecutive month and fell 2.5% in March, faster than 2.3% in the previous month. 

The National Bureau of Statistics announced inflation updates in two separate reports on Wednesday. 

The decline in inflation confirmed the ongoing deflation trend after consumer prices rose 0.2% in 2024 and matched the rate in the previous year. 

China Indexes Stocks 

The Hang Seng index soared 2.4% to 20,819.35, and the mainland-focused CSI 300 index advanced 1.3% to 3,733.59. 

Li Auto soared 6.5% to HK $86.65, BYD rose 3.7% to HK $347.60, and Xpeng jumped 6.3% to $72.50.

Sunny Optical Technology Group advanced 6.4% to HK $63.0, Lenovo Group Ltd. rose 7.7% to HK $8.08, and SMIC advanced 3.5% to HK $44.75.

Alibaba Group Holding advanced 3.3% to HK $44.75, Tencent Holdings Ltd. gained 2.5% to HK $44.75, and JD.com advanced 5.5% to HK $44.75.  

Wall Street Indexes Extend Losses as U.S.-China Trade War Intensifies

Barry Adams
09 Apr, 2025
New York City

Wall Street indexes resumed their slide and extended five-day losses after Trump's import tax kicked in and China announced its retaliatory tariffs.

The S&P 500 index dropped 2%, and the tech-heavy Nasdaq Composite declined 2.9% after China said it would continue to take "resolute and forceful" measures.

Anxiety over the deepening trade war between the world's two largest economies rattled investors on Wall Street and around the world. 

U.S. tariffs on imports from other countries also took effect amid uncertainty about the U.S. trade policy outlook and its impact on economic growth and inflation. 

While on the campaign trail, Donald Trump repeatedly assured voters about his plans to lower prices, increase the wealth of citizens, and end the war in Ukraine on the first day in office. 

Instead, consumer prices are rebounding sharply with the largest gains in automobile prices and electronics and home goods and food products. Investors have seen losses of 20% in their stock holdings, and Russia has grabbed more territory in Ukraine. 

Moreover, Trump repeatedly reminded investors that President Biden should be impeached or forced out if the Dow Jones Industrial Average falls more than 1,000 points.

The benchmark index has now lost more than 4,500 points over the last four days and is still searching for lower levels. 

Commodities, Currencies, Indexes, Yields

The S&P 500 index increased 0.7% to 5,014.95, the Nasdaq Composite edged up 1.6% to 15,482.13, and the Russell 2000 index was down 1.05% to 1,745.51.

The yield on 2-year Treasury notes edged higher to 3.78%, 10-year Treasury notes increased to 4.41%, and 30-year Treasury bonds advanced to 4.92%.

WTI crude oil decreased $2.57 to $57.01 a barrel, and natural gas prices edged lower by $0.03 to $3.44 a thermal unit.

Gold increased by $79.75 to 3,058.10 an ounce, and silver edged up by $0.82 to $30.42.

The dollar index, which weighs the US currency against a basket of foreign currencies, decreased by 0.87 to 102.08 and traded at a two-year high.

U.S. Movers

Walmart Inc. declined 2.5% to $81.20 after the big-box retailer withdrew its first quarter earnings estimate, citing tariff uncertainty. 

Target Corp. dropped 2.5% to $86.50 and dropped to a new one-year low amid tariff uncertainty and worries linked to resurgent inflation. 

RH dropped 3% to $145.10, Abercrombie & Fitch declined 2.5% to $65.33, Gap Inc. decreased 3.5% to $17.04, lululemon fell 2.4% to $242.05, and Amazon.com fell 1.8% to $167.67.

Costco Wholesale Corp. decreased 1.6% to $894.12, and Best Buy declined 3.3% to $54.30.

Electronic hardware companies led the decliners after China announced its retaliatory tariff of 84%. 

Apple Inc. dropped 1.7% to 169.48, Nvidia added 0.7% to 96.35, AMD fell 1.5% to $77.14, and Micron Technology fell 1.9% to $64.30.

U.S. Movers: Aehr Test Systems, Cal-Maine Foods, Fila Group, MSC Industrial, Tilray Brands, Walgreens, WD-40

Scott Peters
09 Apr, 2025
New York City

Cal-Maine Foods Inc. dropped 4.5% to $86.30 after the egg producer reported fiscal third quarter 2025 results ending in March.

Net sales edged up to $1.42 billion from $703.1 million, net income jumped to $508.5 million from $146.7 million, and diluted earnings per share rose to $10.38 from $3.00 a year ago.

The company sold a record 331.4 million dozen shell eggs, representing a 10.2% increase, including the contribution from acquisitions, compared with 300.8 million dozens for the third quarter of fiscal 2024. 

Sales of conventional eggs totaled 213.2 million dozens, compared with 192.2 million dozens for the prior-year period, an increase of 11.0%.

Specialty egg volumes also increased by 8.8% to 118.1 million dozens sold for the third quarter of fiscal 2025 compared with 108.6 million dozens sold for the prior-year period. 

Demand was strong during the third fiscal quarter, which is typically a period of higher seasonal demand.

The company said it will proceed with the acquisition of Echo Lake Foods Inc. for approximately $258 million.

Cal-Maine proposed a cash dividend of $3.46 per share for a total of approximately $170 million.

In addition, the company approved a $500 million share repurchase program.

WD-40 Co. traded flat at $218.48 after the maintenance products maker reported results for the second quarter of 2025.

Net sales increased 5% to $146.1 million from $139.1 million, net income surged 92% to $29.9 million from $15.5 million, and diluted earnings per share rose 92% to $2.19 from $1.14 a year ago.

The company guided fiscal 2025 net sales to be between $600 million and $630 million, an increase of 6% to 11%, compared to $590.6 million in 2024.

Diluted earnings per share are estimated to be between $5.25 and $5.55, higher than the company’s previous guidance of $5.20 to $5.45, and compared to $5.11 in 2024.

Tilray Brands Inc. eased 0.07% to $0.46 after the lifestyle and consumer packaged goods company reported fiscal third quarter 2025 results ending in February.

Revenue declined to $185.8 million from $188.3 million, net loss widened to $789.4 million from $92.7 million, and diluted loss per share increased to 87 cents from 12 cents a year ago.

The company guided for fiscal 2025 revenue to be between $850 million and $900 million, compared to $788.9 million in 2024.

Aehr Test Systems Inc. gained 2.9% to $6.98 after the provider of test solutions for semiconductor devices reported increased revenue in the fiscal third quarter 2025 ending in February.

Revenue edged up to $18.31 million from $7.56 million, net loss shrank to $0.64 million from a loss of $1.47 million, and diluted loss per share fell to 2 cents from a loss of 5 cents a year ago.

For the nine months ending in February, revenue declined to $44.88 million from $49.62 million, net loss was $1.01 million compared to a profit of $9.29 million, and diluted loss per share came in at 3 cents compared to a profit of 31 cents a year earlier.

MSC Industrial Direct Co. Inc. traded flat at $70.17 after the industrial equipment provider reported results for the fiscal second quarter of 2025 ending in March.

Net sales dropped to $891.7 million from $935.3 million, net income slumped to $39.3 million from $61.8 million, and diluted earnings per share edged down to 70 cents from $1.10 a year ago.

The company estimated fiscal 2025 capital expenditures to be between $100 million and $110 million.

Walgreens Boots Alliance Inc. eased 0.8% to $10.50 after the struggling pharmacy retailer reported results for the fiscal second quarter of 2025 ending in February.

Sales increased to $38.59 billion from $37.05 billion, net loss shrank to $2.85 billion from a loss of $5.91 billion, and diluted loss per share narrowed to $3.30 from a loss of $6.85 a year ago.

Sales in the first six months of fiscal 2025 climbed to $78.05 billion from $73.76 billion, net loss shrank to $3.12 billion from a loss of $5.97 billion, and diluted loss per share narrowed to $3.61 from a loss of $6.93 a year earlier.

Fila Group slumped 3.5% to 34.450 Korean won after the sporting goods retailer reported lower sales in 2024.

Revenue declined to €621.9 million from €787.9 million, adjusted group net profit edged down to €30.9 million from €40.9 million, and basic earnings per share fell to 61 cents from 81 cents a year ago.

The company proposed a dividend worth €40.8 million, higher than guidance, with a pay-out ratio of 20% to 40%.

Fila estimated 2025 revenue to grow by “low-to-mid single digits,” as well as a mid-single-digit increase in adjusted EBITDA, assuming constant currency and tariffs.

In addition, the company expects free cash flow to equity to be between €40 million and €50 million.

Wall Street Indexes Extend Losses as U.S.-China Trade War Intensifies

Barry Adams
09 Apr, 2025
New York City

Wall Street indexes resumed their slide and extended five-day losses after Trump's import tax kicked in and China announced its retaliatory tariffs.

The S&P 500 index dropped 2%, and the tech-heavy Nasdaq Composite declined 2.9% after China said it would continue to take "resolute and forceful" measures.

Anxiety over the deepening trade war between the world's two largest economies rattled investors on Wall Street and around the world. 

U.S. tariffs on imports from other countries also took effect amid uncertainty about the U.S. trade policy outlook and its impact on economic growth and inflation. 

While on the campaign trail, Donald Trump repeatedly assured voters about his plans to lower prices, increase the wealth of citizens, and end the war in Ukraine on the first day in office. 

Instead, consumer prices are rebounding sharply with the largest gains in automobile prices and electronics and home goods and food products. Investors have seen losses of 20% in their stock holdings, and Russia has grabbed more territory in Ukraine. 

Moreover, Trump repeatedly reminded investors that President Biden should be impeached or forced out if the Dow Jones Industrial Average falls more than 1,000 points.

The benchmark index has now lost more than 4,500 points over the last four days and is still searching for lower levels. 

U.S. Movers

Walmart Inc. declined 2.5% to $81.20 after the big-box retailer withdrew its first quarter earnings estimate, citing tariff uncertainty. 

Target Corp. dropped 2.5% to $86.50 and dropped to a new one-year low amid tariff uncertainty and worries linked to resurgent inflation. 

RH dropped 3% to $145.10, Abercrombie & Fitch declined 2.5% to $65.33, Gap Inc. decreased 3.5% to $17.04, lululemon fell 2.4% to $242.05, and Amazon.com fell 1.8% to $167.67.

Costco Wholesale Corp. decreased 1.6% to $894.12, and Best Buy declined 3.3% to $54.30.

Electronic hardware companies led the decliners after China announced its retaliatory tariff of 84%. 

Apple Inc. dropped 1.7% to 169.48, Nvidia added 0.7% to 96.35, AMD fell 1.5% to $77.14, and Micron Technology fell 1.9% to $64.30.

U.S. Movers: Aehr Test Systems, Cal-Maine Foods, Fila Group, MSC Industrial, Tilray Brands, Walgreens, WD-40

Scott Peters
09 Apr, 2025
New York City

Cal-Maine Foods Inc. dropped 4.5% to $86.30 after the egg producer reported fiscal third quarter 2025 results ending in March.

Net sales edged up to $1.42 billion from $703.1 million, net income jumped to $508.5 million from $146.7 million, and diluted earnings per share rose to $10.38 from $3.00 a year ago.

The company said it will proceed with the acquisition of Echo Lake Foods Inc. for approximately $258 million.

Cal-Maine proposed a cash dividend of $3.46 per share for a total of approximately $170 million.

In addition, the company approved a $500 million share repurchase program.

WD-40 Co. traded flat at $218.48 after the maintenance products maker reported results for the second quarter of 2025.

Net sales increased 5% to $146.1 million from $139.1 million, net income surged 92% to $29.9 million from $15.5 million, and diluted earnings per share rose 92% to $2.19 from $1.14 a year ago.

The company guided fiscal 2025 net sales to be between $600 million and $630 million, an increase of 6% to 11%, compared to $590.6 million in 2024.

Diluted earnings per share are estimated to be between $5.25 and $5.55, higher than the company’s previous guidance of $5.20 to $5.45, and compared to $5.11 in 2024.

Tilray Brands Inc. eased 0.07% to $0.46 after the lifestyle and consumer packaged goods company reported fiscal third quarter 2025 results ending in February.

Revenue declined to $185.8 million from $188.3 million, net loss widened to $789.4 million from $92.7 million, and diluted loss per share increased to 87 cents from 12 cents a year ago.

The company guided for fiscal 2025 revenue to be between $850 million and $900 million, compared to $788.9 million in 2024.

Aehr Test Systems Inc. gained 2.9% to $6.98 after the provider of test solutions for semiconductor devices reported increased revenue in the fiscal third quarter 2025 ending in February.

Revenue edged up to $18.31 million from $7.56 million, net loss shrank to $0.64 million from a loss of $1.47 million, and diluted loss per share fell to 2 cents from a loss of 5 cents a year ago.

For the nine months ending in February, revenue declined to $44.88 million from $49.62 million, net loss was $1.01 million compared to a profit of $9.29 million, and diluted loss per share came in at 3 cents compared to a profit of 31 cents a year earlier.

MSC Industrial Direct Co. Inc. traded flat at $70.17 after the industrial equipment provider reported results for the fiscal second quarter of 2025 ending in March.

Net sales dropped to $891.7 million from $935.3 million, net income slumped to $39.3 million from $61.8 million, and diluted earnings per share edged down to 70 cents from $1.10 a year ago.

The company estimated fiscal 2025 capital expenditures to be between $100 million and $110 million.

Walgreens Boots Alliance Inc. eased 0.8% to $10.50 after the struggling pharmacy retailer reported results for the fiscal second quarter of 2025 ending in February.

Sales increased to $38.59 billion from $37.05 billion, net loss shrank to $2.85 billion from a loss of $5.91 billion, and diluted loss per share narrowed to $3.30 from a loss of $6.85 a year ago.

Sales in the first six months of fiscal 2025 climbed to $78.05 billion from $73.76 billion, net loss shrank to $3.12 billion from a loss of $5.97 billion, and diluted loss per share narrowed to $3.61 from a loss of $6.93 a year earlier.

Fila Group slumped 3.5% to 34.450 Koran won after the sporting goods retailer reported lower sales in 2024.

Revenue declined to €621.9 million from €787.9 million, adjusted group net profit edged down to €30.9 million from €40.9 million, and basic earnings per share fell to 61 cents from 81 cents a year ago.

The company proposed a dividend worth €40.8 million, higher than guidance, with a pay-out ratio of 20% to 40%.

Fila estimated 2025 revenue to grow by “low-to-mid single digits,” as well as a mid-single-digit increase in adjusted EBITDA, assuming constant currency and tariffs.

In addition, the company expects free cash flow to equity to be between €40 million and €50 million.

Europe Movers: 3i Infrastructure, Bang & Olufsen, Saga

Inga Muller
09 Apr, 2025
Frankfurt

Saga Plc traded flat at 125.40 pence after the UK-based retirement products provider reported preliminary results for the fiscal year ending in January.

 Revenue from continued operations increased 4.8% to £768.2 million from £732.7 million,  pre-tax loss widened to £141.1 million from a loss of £129.0 million, and losses per share expanded to 117.4 pence from a loss of 80.8 pence a year ago.

The company said that underlying earnings per share came in at 23.2 pence, compared to 30.0 pence a year earlier.

Bang & Olufsen A/S dropped 2.6% to 12.10 krona after the maker of audio and TV products for home and travel reported results for the first nine months to February 2025.

Revenue year-to-date declined to DKK 1.87 billion from DKK 1.93 billion, net loss came in at DKK 23 million compared to a profit of DKK 18 million, and diluted loss per share was 2 cents compared to a profit of 1 cent a year ago.

3i Infrastructure Plc eased 1.15% to 301.50 pence after the UK-based infrastructure investment company reported results for 2024.

Investment return declined to £374 million from £497 million, profit before tax edged down to £347 million from £394 million, and earnings per share fell to 37.6 pence from 44.0 pence a year ago.

The company proposed a final dividend of 5.950 pence per share for 2024, compared to 5.575 pence a year ago, payable to shareholders on record as of June 14.

The dividend is estimated to amount to £55 million, compared to £51 million in 2023.

The company’s board has proposed an annual dividend of 11.90 pence per share, totaling £110 million, compared to 11.15 pence per share totaling £101 million in 2023.

Europe Movers: 3i Infrastructure, Bang & Olufsen, Saga

Inga Muller
09 Apr, 2025
Frankfurt

Saga Plc traded flat at 125.40 pence after the UK-based retirement products provider reported preliminary results for the fiscal year ending in January.

 Revenue from continued operations increased 4.8% to £768.2 million from £732.7 million,  pre-tax loss widened to £141.1 million from a loss of £129.0 million, and losses per share expanded to 117.4 pence from a loss of 80.8 pence a year ago.

The company said that underlying earnings per share came in at 23.2 pence, compared to 30.0 pence a year earlier.

Bang & Olufsen A/S dropped 2.6% to 12.10 krona after the maker of audio and TV products for home and travel reported results for the first nine months to February 2025.

Revenue year-to-date declined to DKK 1.87 billion from DKK 1.93 billion, net loss came in at DKK 23 million compared to a profit of DKK 18 million, and diluted loss per share was 2 cents compared to a profit of 1 cent a year ago.

3i Infrastructure Plc eased 1.15% to 301.50 pence after the UK-based infrastructure investment company reported results for 2024.

Investment return declined to £374 million from £497 million, profit before tax edged down to £347 million from £394 million, and earnings per share fell to 37.6 pence from 44.0 pence a year ago.

The company proposed a final dividend of 5.950 pence per share for 2024, compared to 5.575 pence a year ago, payable to shareholders on record as of June 14.

The dividend is estimated to amount to £55 million, compared to £51 million in 2023.

The company’s board has proposed an annual dividend of 11.90 pence per share, totaling £110 million, compared to 11.15 pence per share totaling £101 million in 2023.

Europe Markets Resume Slide Amid U.S. Tariff Policy Chaos and Lack of Plans

Bridgette Randall
09 Apr, 2025
London

Stock market indexes in the currency union reversed gains of the previous session after the U.S. tariffs kicked in. 

Benchmark indexes in Frankfurt, Paris, Milan, and London dropped between 2% and 4% in Wednesday's trading, as the U.S. base tariff of 10% and country-specific reciprocal tariffs kicked in. 

European leaders ramped up discussions to present a united front, and France is likely to take the lead in convincing the U.S. president to lower its stiff tariffs of as much as 25%. 

On a day of light economic news in the region, investors focused on global developments, and China vowed to fight "till the end" amid escalating rhetoric from the White House. 

The European Union's exports to the United States amount to less than 3% of its gross domestic product and about 20% of total exports to the non-EU destinations.

European companies are facing rising pressure to freeze investment plans in the U.S. amid constantly changing U.S. trade policy, lack of clarity, and the unpredictable Trump administration.  

Europe Indexes and Yields

The DAX index decreased by 2.7% to 19,738.31, the CAC-40 index edged lower 2.6% to 6,914.88, and the FTSE 100 index declined by 2.7% to 7,695.72.

The yield on 10-year German bonds inched lower to 2.62%, French bonds increased to 3.41%, the UK gilts moved up to 4.67%, and Italian bonds edged higher to 3.92%.

The euro increased to $1.10; the British pound was higher at $1.28; and the U.S. dollar was lower and traded at 84.46 Swiss cents.

Brent crude decreased $1.87 to $60.95 a barrel, and the Dutch TTF natural gas was lower by €0.91 to €34.62 per MWh.

Europe Stock Movers 

Banks and industrial companies led the decliners across the eurozone. 

Airbus SE decreased 1.3% to €135.04, Rolls Royce Holding PLC fell 1.8% to 671.79 pence, and MTU Aero Engines AG plunged 4% to €269.70.

Rheinmetall AG dropped 2.8% to €1,279.0, Hensoldt AG decreased 1% to €59.90, BAE Systems plc increased 1.3% to 1,567.0 pence, and Thales SA fell 1.8% to €236.0.

Société Générale SA decreased 2% to €34.39, Credit Agricole SA fell 1.9% to €14.92, BNP Paribas dropped 2.1% to €64.80, Unicredit SpA eased 1.4% to €43.0, Barclays PLC fell 3% to 247.65 pence, and UBS Group AG plunged 3.8% to CHF 22.27.

Europe Markets Resume Slide Amid U.S. Tariff Policy Chaos and Lack of Plans

Bridgette Randall
09 Apr, 2025
London

Stock market indexes in the currency union reversed gains of the previous session after the U.S. tariffs kicked in. 

Benchmark indexes in Frankfurt, Paris, Milan, and London dropped between 2% and 4% in Wednesday's trading, as the U.S. base tariff of 10% and country-specific reciprocal tariffs kicked in. 

European leaders ramped up discussions to present a united front, and France is likely to take the lead in convincing the U.S. president to lower its stiff tariffs of as much as 25%. 

On a day of light economic news in the region, investors focused on global developments, and China vowed to fight "till the end" amid escalating rhetoric from the White House. 

The European Union's exports to the United States amount to less than 3% of its gross domestic product and about 20% of total exports to the non-EU destinations.

European companies are facing rising pressure to freeze investment plans in the U.S. amid constantly changing U.S. trade policy, lack of clarity, and the unpredictable Trump administration.  

Europe Stock Movers 

Banks and industrial companies led the decliners across the eurozone. 

Airbus SE decreased 1.3% to €135.04, Rolls Royce Holding PLC fell 1.8% to 671.79 pence, and MTU Aero Engines AG plunged 4% to €269.70.

Rheinmetall AG dropped 2.8% to €1,279.0, Hensoldt AG decreased 1% to €59.90, BAE Systems plc increased 1.3% to 1,567.0 pence, and Thales SA fell 1.8% to €236.0.

Société Générale SA decreased 2% to €34.39, Credit Agricole SA fell 1.9% to €14.92, BNP Paribas dropped 2.1% to €64.80, Unicredit SpA eased 1.4% to €43.0, Barclays PLC fell 3% to 247.65 pence, and UBS Group AG plunged 3.8% to CHF 22.27.

Europe Markets Resume Slide Amid U.S. Tariff Policy Chaos and Lack of Plans

Bridgette Randall
09 Apr, 2025
London

Stock market indexes in the currency union reversed gains of the previous session after the U.S. tariffs kicked in. 

Benchmark indexes in Frankfurt, Paris, Milan, and London dropped between 2% and 4% in Wednesday's trading, as the U.S. base tariff of 10% and country-specific reciprocal tariffs kicked in. 

European leaders ramped up discussions to present a united front, and France is likely to take the lead in convincing the U.S. president to lower its stiff tariffs of as much as 25%. 

On a day of light economic news in the region, investors focused on global developments, and China vowed to fight "till the end" amid escalating rhetoric from the White House. 

The European Union's exports to the United States amount to less than 3% of its gross domestic product and about 20% of total exports to the non-EU destinations.

European companies are facing rising pressure to freeze investment plans in the U.S. amid constantly changing U.S. trade policy, lack of clarity, and the unpredictable Trump administration.  

Europe Stock Movers 

Banks and industrial companies led the decliners across the eurozone. 

Airbus SE decreased 1.3% to €135.04, Rolls Royce Holding PLC fell 1.8% to 671.79 pence, and MTU Aero Engines AG plunged 4% to €269.70.

Rheinmetall AG dropped 2.8% to €1,279.0, Hensoldt AG decreased 1% to €59.90, BAE Systems plc increased 1.3% to 1,567.0 pence, and Thales SA fell 1.8% to €236.0.

Société Générale SA decreased 2% to €34.39, Credit Agricole SA fell 1.9% to €14.92, BNP Paribas dropped 2.1% to €64.80, Unicredit SpA eased 1.4% to €43.0, Barclays PLC fell 3% to 247.65 pence, and UBS Group AG plunged 3.8% to CHF 22.27.