Market Update
Stock Movers: Suzlon Energy, ICRA, DCM Nouvelle, NBCC, Inox Wind, Ajmera Realty, Vodafone Idea, Adani Energy
Arun Goswami
03 Jun, 2025
Mumbai
Suzlon Energy Ltd. dropped 3.6% to ₹68.63 despite the renewable energy solutions provider reporting more than a two-fold jump in earnings in the March quarter.
Consolidated revenue in the March quarter increased to ₹3,825.2 crore from ₹2,207.4 crore, and after-tax profit jumped to ₹1,181 crore from ₹254.2 crore, and diluted earnings per share soared to 86 paise from 19 paise a year ago.
For the fiscal year 2025, revenue advanced to ₹10,993.1 crore from ₹6,567.5 crore, after-tax profit increased to ₹2,071.6 crore from ₹660.4 crore, and diluted earnings per share rose to ₹1.51 from 50 paise a year ago.
ICRA Ltd. advanced 0.9% to ₹6,804 after the credit rating agency reported a 19% rise in its earnings in the latest quarter.
Consolidated revenue in the March quarter inched higher to ₹156.8 crore from ₹147.6 crore, and after-tax profit advanced to ₹56 crore from ₹47.1 crore, and diluted earnings per share rose to ₹57.86 from ₹48.64 a year ago.
For the fiscal year 2025, revenue edged higher to ₹575.4 crore from ₹521.1 crore, after-tax profit increased to ₹171.2 crore from ₹152.2 crore, and diluted earnings per share soared to ₹176.5 from ₹156.99 a year ago.
The company's board recommended a final dividend of ₹60 per share.
DCM Nouvelle Limited increased 6% to ₹192.95 after the cotton yarn manufacturer and exporter’s net income swung to a profit from a year ago in the March quarter.
Consolidated revenue in the March quarter advanced to ₹283.7 crore from ₹266.6 crore, and net income swung to a profit of ₹5.3 crore from a loss of ₹2.5 crore, and diluted earnings per share rose to an income of ₹2.84 from a loss of ₹1.35 a year ago.
For the fiscal year 2025, revenue edged down to ₹1,081.7 crore from ₹1,087.6 crore, net income swung to a profit of ₹6 crore from a loss of ₹4 crore, and diluted earnings per share rose to an income of ₹3.22 from a loss of ₹2.20 a year ago.
NBCC (India) Ltd. declined 0.2% to ₹124.50 despite the construction company reporting a 30% increase in net income in the March quarter.
Consolidated revenue in the March quarter edged up to ₹4,700.9 crore from ₹4,047.7 crore, and after-tax profit inched higher to ₹182.7 crore from ₹141.5 crore, and diluted earnings per share rose to 65 paise from 50 paise a year ago.
For the fiscal year 2025, revenue edged higher to ₹12,273 crore from ₹10,640.8 crore, after-tax profit increased to ₹557.4 crore from ₹414.4 crore, and diluted earnings per share soared to ₹2 from ₹1.49 a year ago.
The company's board recommended a dividend of 14 paise per share.
Inox Wind Ltd. jumped 0.6% to ₹184.35 after the wind energy solutions provider reported nearly a five-fold increase in quarterly earnings.
Consolidated revenue increased to ₹1,310.7 crore from ₹569 crore, net income jumped to ₹190.3 crore from ₹38.7 crore, and diluted earnings per share advanced to ₹1.15 from 24 paise a year ago.
For the fiscal year 2025, revenue edged higher to ₹3,701.6 crore from ₹1,808 crore, net income swung to a profit of ₹437.6 crore from a loss of ₹48.2 crore, and diluted earnings per share rose to an income of ₹2.75 from a loss of 28 paisa a year ago.
Ajmera Realty & Infra India Limited plunged 0.8% to ₹847.90 despite the real estate developer and infra company reporting more than a two-fold jump in earnings in the March quarter.
Consolidated revenue in the March quarter advanced to ₹59.3 crore from ₹33.5 crore, and after-tax profit jumped ₹3.3 crore from ₹1.6 crore, and diluted earnings per share rose to ₹1.58 from 71 paise a year ago.
For the fiscal year 2025, revenue edged higher to ₹174.4 crore from ₹94.5 crore, after-tax profit soared to ₹16 crore from ₹13 crore, and diluted earnings per share increased to ₹5.96 from ₹ 5.66 a year ago.
The company's board recommended a final dividend of ₹1 per share.
Vodafone Idea Limited fell 1.4% to ₹6.94, despite the telecom service provider saying its net loss shrank in the March quarter.
Consolidated revenue in the March quarter inched higher to ₹11,228 crore from ₹10,639 crore, after-tax loss shrank to ₹7,166 crore from ₹7,674 crore, and diluted losses per share declined to ₹1.01 from ₹1.57 a year ago.
For the fiscal year 2025, revenue edged higher to ₹44,591 crore from ₹42,764 crore, net loss decreased to ₹27,383 crore from ₹31,238 crore, and diluted losses per share fell to ₹4.01 from ₹6.41 a year ago.
Adani Energy Solutions Limited decreased 1.3% to ₹864 despite the energy solutions provider reporting an 83% jump in its earnings in the March quarter.
Consolidated revenue in the March quarter inched higher to ₹6,596.4 crore from ₹4,855 crore, and after-tax profit jumped to ₹713.7 crore from ₹381.3 crore, and diluted earnings per share rose to ₹5.50 from ₹3.24 a year ago.
For the fiscal year 2025, revenue edged higher to ₹24,446.6 crore from ₹17,218.3 crore, after-tax profit decreased to ₹921.7 crore from ₹1,195.6 crore, and diluted earnings per share fell to ₹9.05 from ₹10.20 a year ago.
Japan Releases Stockpiled Rice Ahead of Summer Election
Akira Ito
03 Jun, 2025
Tokyo
Japan's stock market indexes rebounded after easing in the previous two sessions despite rising global trade tensions.
The Nikkei 225 Stock Average edged up a fraction, and the Topix index decreased 0.2% amid worries about the lack of progress in the U.S.-Japan trade talks.
Steel stocks traded down after the U.S. president announced he would impose a 50% import tax on steel imports from the European Union, raising the prospects of potential ripple effects on Japan's steel industry.
Japan's government finally released 201,000 tons of rice to stem the surge in price over the last year.
The government expedited the sale of 5 kg rice bags for 2,000 yen to a network of stores across the nation after the bag's price shot up to 4,285 yen, or about $30, in mid-May.
The move is likely to ease financial stress on families, but the government may have to release at least an additional 150,000 tons of rice over the next three months.
Rice prices shot up in 2024 after a record heat wave damaged rice crops, and record tourism and the fear of a megaquake contributed to a demand surge over the last nine months.
The average price eased to 4,260 yen for a 5 kg bag in the week through May 25, down 25 yen from the previous week.
In the absence of major economic news, investors focused on global developments, and rising trade tensions between the U.S. and China dampened the prospect of a trade agreement in the immediate future.
Japan Indexes and Stocks
The Nikkei 225 Stock Average edged up 0.1% to 37,491.06, and the broader Topix index decreased 0.2% to 37,491.06.
Seven & I Holdings increased 1.5% to ¥2,226.50, and the company's subsidiary Ito-Yokado secured about 5,000 tons of rice from the government to distribute over the next two months.
AEON Co. Ltd. declined 0.4% to ¥4,396.0, and Pan Pacific International Holdings Corp. decreased 0.8% to ¥4,693.0.
Japan Releases Stockpiled Rice Ahead of Summer Election
Akira Ito
03 Jun, 2025
Tokyo
Japan's stock market indexes rebounded after easing in the previous two sessions despite rising global trade tensions.
The Nikkei 225 Stock Average edged up a fraction, and the Topix index decreased 0.2% amid worries about the lack of progress in the U.S.-Japan trade talks.
Steel stocks traded down after the U.S. president announced he would impose a 50% import tax on steel imports from the European Union, raising the prospects of potential ripple effects on Japan's steel industry.
Japan's government finally released 201,000 tons of rice to stem the surge in price over the last year.
The government expedited the sale of 5 kg rice bags for 2,000 yen to a network of stores across the nation after the bag's price shot up to 4,285 yen, or about $30, in mid-May.
The move is likely to ease financial stress on families, but the government may have to release at least an additional 150,000 tons of rice over the next three months.
Rice prices shot up in 2024 after a record heat wave damaged rice crops, and record tourism and the fear of a megaquake contributed to a demand surge over the last nine months.
The average price eased to 4,260 yen for a 5 kg bag in the week through May 25, down 25 yen from the previous week.
In the absence of major economic news, investors focused on global developments, and rising trade tensions between the U.S. and China dampened the prospect of a trade agreement in the immediate future.
Japan Indexes and Stocks
The Nikkei 225 Stock Average edged up 0.1% to 37,491.06, and the broader Topix index decreased 0.2% to 37,491.06.
Seven & I Holdings increased 1.5% to ¥2,226.50, and the company's subsidiary Ito-Yokado secured about 5,000 tons of rice from the government to distribute over the next two months.
AEON Co. Ltd. declined 0.4% to ¥4,396.0, and Pan Pacific International Holdings Corp. decreased 0.8% to ¥4,693.0.
China's Manufacturing Index Reflects Ongoing Demand Growth Challenges
Li Chen
03 Jun, 2025
Hong Kong
Stocks in China and Hong Kong rose, and investors reviewed the latest update on the manufacturing sector.
The Hang Seng index added more than 1%, and the mainland-focused CSI 300 index edged higher by 0.5%.
Mainland investors returned from a three-day holiday, and investors pinned their hopes on the possible talks between leaders of China and the U.S., which could expedite a trade agreement.
Financial markets have been whiplashed over the last four trading sessions after the U.S. placed additional visa restrictions on Chinese students and limited the exports of advanced artificial intelligence chips.
China retaliated with a control on rare earth mineral exports to the U.S., souring the trade environment between the two largest economies.
Investors reviewed the latest updates on the manufacturing sector, and the private survey, which has a larger group of exporters, confirmed ongoing weakness.
The Caixin manufacturing purchasing managers' index eased to 48.3 in May from 50.4 in April, S&P Global reported on Tuesday.
The index of manufacturing activities decreased to the lowest since September 2022, as the U.S.-focused exporters struggle to adjust to a constantly changing U.S. trade policy.
The official manufacturing purchasing managers' index released over the weekend showed a contraction for the second consecutive month.
The PMI edged up to 49.5 in May compared to 49.0 in April, indicating activities declined at a slower pace.
China Indexes and Stocks
The Hang Seng index increased 1.1% to 23,408.32, and the CSI 300 index rose 0.5% to 3,858.78.
Electric vehicle makers advanced in active trading in the hopes of a boost in exports to Mexico, Russia, and Brazil.
Li Auto jumped 6.7% to $117.10, BYD increased 1.7% to HK $392.0, and Xpeng Inc. increased 0.7% to HK $75.60.
China Merchants Bank added 2.6% to $49.35, Bank of China advanced 2.7% to HK $4.62, and China Construction Bank advanced 2.8% to HK $7.11.
HSBC increased by 1% to HK$93.45.
China's Manufacturing Index Reflects Ongoing Demand Growth Challenges
Li Chen
03 Jun, 2025
Hong Kong
Stocks in China and Hong Kong rose, and investors reviewed the latest update on the manufacturing sector.
The Hang Seng index added more than 1%, and the mainland-focused CSI 300 index edged higher by 0.5%.
Mainland investors returned from a three-day holiday, and investors pinned their hopes on the possible talks between leaders of China and the U.S., which could expedite a trade agreement.
Financial markets have been whiplashed over the last four trading sessions after the U.S. placed additional visa restrictions on Chinese students and limited the exports of advanced artificial intelligence chips.
China retaliated with a control on rare earth mineral exports to the U.S., souring the trade environment between the two largest economies.
Investors reviewed the latest updates on the manufacturing sector, and the private survey, which has a larger group of exporters, confirmed ongoing weakness.
The Caixin manufacturing purchasing managers' index eased to 48.3 in May from 50.4 in April, S&P Global reported on Tuesday.
The index of manufacturing activities decreased to the lowest since September 2022, as the U.S.-focused exporters struggle to adjust to a constantly changing U.S. trade policy.
The official manufacturing purchasing managers' index released over the weekend showed a contraction for the second consecutive month.
The PMI edged up to 49.5 in May compared to 49.0 in April, indicating activities declined at a slower pace.
China Indexes and Stocks
The Hang Seng index increased 1.1% to 23,408.32, and the CSI 300 index rose 0.5% to 3,858.78.
Electric vehicle makers advanced in active trading in the hopes of a boost in exports to Mexico, Russia, and Brazil.
Li Auto jumped 6.7% to $117.10, BYD increased 1.7% to HK $392.0, and Xpeng Inc. increased 0.7% to HK $75.60.
China Merchants Bank added 2.6% to $49.35, Bank of China advanced 2.7% to HK $4.62, and China Construction Bank advanced 2.8% to HK $7.11.
HSBC increased by 1% to HK$93.45.
U.S. Movers: Ulta Beauty
Scott Peters
02 Jun, 2025
New York City
Ulta Beauty Inc. traded down 1.0% to $466.76 despite the cosmetics retailer reporting higher revenue in the first quarter of 2025.
Net sales jumped to $2.8 billion from $2.7 billion, net income fell to $305.1 million from $313.1 million, and diluted earnings per share rose to $6.70 from $6.47 a year ago.
Comparable sales, which include sales from stores open for at least 14 months and e-commerce transactions, rose 2.9%, driven by a 2.3% rise in average ticket and a 0.6% increase in transaction volume.
The company anticipates net sales for the year to range between $11.5 billion and $11.7 billion, compared to $11.3 billion a year ago, with comparable sales growth estimated between flat and 1.5%.
During the first quarter, the beauty product retailer opened six stores, remodeled four stores, and relocated two stores.
The company plans to open 60 new stores in fiscal 2025, along with 40 to 45 store remodeling and relocation projects.
The stock has gained 15.1% in the past three months compared with the industry’s growth of 2.9%.
U.S. Movers: Ulta Beauty
Scott Peters
02 Jun, 2025
New York City
Ulta Beauty Inc. traded down 1.0% to $466.76 despite the cosmetics retailer reporting higher revenue in the first quarter of 2025.
Net sales jumped to $2.8 billion from $2.7 billion, net income fell to $305.1 million from $313.1 million, and diluted earnings per share rose to $6.70 from $6.47 a year ago.
Comparable sales, which include sales from stores open for at least 14 months and e-commerce transactions, rose 2.9%, driven by a 2.3% rise in average ticket and a 0.6% increase in transaction volume.
The company anticipates net sales for the year to range between $11.5 billion and $11.7 billion, compared to $11.3 billion a year ago, with comparable sales growth estimated between flat and 1.5%.
During the first quarter, the beauty product retailer opened six stores, remodeled four stores, and relocated two stores.
The company plans to open 60 new stores in fiscal 2025, along with 40 to 45 store remodeling and relocation projects.
The stock has gained 15.1% in the past three months compared with the industry’s growth of 2.9%.
Wall Street Indexes Decline Amid New U.S. Tariff Threats, Steel Stocks Soar
Barry Adams
02 Jun, 2025
New York City
Stocks on Wall Street declined amid worries after the U.S. president reignited trade tensions with the European Union and China.
The S&P 500 index decreased as much as 0.8%, and the Nasdaq Composite declined as much as 0.6% in early trading after Donald Trump announced additional levies on imported steel.
Investors were rattled after China sharply rejected the president's accusation that it violated the consensus achieved in Geneva, Switzerland, last month.
The rising level of rhetoric signaled that the two sides were far from reaching an agreement in the near term, as negotiators raced to beat the deadline in two months.
Trump threatened to impose an additional import tax of 50% on imported steel from June 4, prompting the European Union's reply that the move undermines the "negotiated solution."
The European market dropped on the worries that higher steel tariffs will negatively impact vehicle makers and industrial companies.
Last week, the S&P 500 index and the Nasdaq Composite edged higher and supported the advance in May.
In May, the S&P 500 index gained about 6%, and the Nasdaq Composite jumped more than 9%, but those gains are likely to be wiped off in June amid elevated trade tensions.
In the week ahead, investors in the U.S. are anticipating the release of construction spending, business activity, and international trade balance updates.
The labor market updates, including non-farm payrolls and JOLT surveys, are scheduled later in the week as well.
On the earnings front, investors anticipate results from Hewlett Packard, CrowdStrike, NIO Inc., Dollar Tree, Five Below, PVH Corp., Broadcom Inc., Fastenal Co., DocuSign Inc., and Ciena Corp.
The European Central Bank is expected to announce its interest rate decision on Thursday.
Commodities, Currencies, Indexes, Yields
The S&P 500 index decreased 0.2% to 5,901.90, the Nasdaq Composite edged up 0.04% to 19,122.02, and the Russell 2000 index declined 0.5% to 2,055.21.
The yield on 2-year Treasury notes edged higher to 3.94%, 10-year Treasury notes increased to 4.44%, and 30-year Treasury bonds advanced to 4.98%.
WTI crude oil increased $3.08 to $63.86 a barrel, and natural gas prices edged higher by $0.28 to $3.73 a thermal unit.
Gold increased by $67.34 to 3,356.81 an ounce, and silver edged up by $0.96 to $33.94.
The dollar index, which weighs the US currency against a basket of foreign currencies, decreased by 0.43 to 98.90 and traded at the lowest level since April 2022.
U.S. Stock Movers
DraftKings and Flutter Entertainment declined after Illinois lawmakers approved a tax increase on sports betting over the weekend.
Flutter Entertainment PLC declined 3.6% to $243.56, and DraftKings dropped 7.1% to $243.56.
Nucor Corp soared 11.5% to $121.89, Cleveland-Cliffs Inc catapulted 28% to $7.50, and U.S. Steel Corp decreased 0.4% to $53.62.
Wall Street Indexes Decline Amid New U.S. Tariff Threats, Steel Stocks Soar
Barry Adams
02 Jun, 2025
New York City
Stocks on Wall Street declined amid worries after the U.S. president reignited trade tensions with the European Union and China.
The S&P 500 index decreased as much as 0.8%, and the Nasdaq Composite declined as much as 0.6% in early trading after Donald Trump announced additional levies on imported steel.
Investors were rattled after China sharply rejected the president's accusation that it violated the consensus achieved in Geneva, Switzerland, last month.
The rising level of rhetoric signaled that the two sides were far from reaching an agreement in the near term, as negotiators raced to beat the deadline in two months.
Trump threatened to impose an additional import tax of 50% on imported steel from June 4, prompting the European Union's reply that the move undermines the "negotiated solution."
The European market dropped on the worries that higher steel tariffs will negatively impact vehicle makers and industrial companies.
Last week, the S&P 500 index and the Nasdaq Composite edged higher and supported the advance in May.
In May, the S&P 500 index gained about 6%, and the Nasdaq Composite jumped more than 9%, but those gains are likely to be wiped off in June amid elevated trade tensions.
In the week ahead, investors in the U.S. are anticipating the release of construction spending, business activity, and international trade balance updates.
The labor market updates, including non-farm payrolls and JOLT surveys, are scheduled later in the week as well.
On the earnings front, investors anticipate results from Hewlett Packard, CrowdStrike, NIO Inc., Dollar Tree, Five Below, PVH Corp., Broadcom Inc., Fastenal Co., DocuSign Inc., and Ciena Corp.
The European Central Bank is expected to announce its interest rate decision on Thursday.
Commodities, Currencies, Indexes, Yields
The S&P 500 index decreased 0.4% to 5,889.22, the Nasdaq Composite edged down 0.1% to 19,086.99, and the Russell 2000 index advanced 0.1% to 2,069.12.
The yield on 2-year Treasury notes edged higher to 3.94%, 10-year Treasury notes increased to 4.44%, and 30-year Treasury bonds advanced to 4.98%.
WTI crude oil increased $3.08 to $63.86 a barrel, and natural gas prices edged higher by $0.28 to $3.73 a thermal unit.
Gold increased by $67.34 to $3,356.81 an ounce, and silver edged up by $0.96 to $33.94.
The dollar index, which weighs the US currency against a basket of foreign currencies, decreased by 0.43 to 98.90 and traded at the lowest level since April 2022.
U.S. Stock Movers
DraftKings and Flutter Entertainment declined after Illinois lawmakers approved a tax increase on sports betting over the weekend.
Flutter Entertainment PLC declined 3.6% to $243.56, and DraftKings dropped 7.1% to $243.56.
Nucor Corp soared 11.5% to $121.89, Cleveland-Cliffs Inc catapulted 28% to $7.50, and U.S. Steel Corp decreased 0.4% to $53.62.
European Markets Fall Amid Renewed U.S. Tariff Threats
Bridgette Randall
02 Jun, 2025
London
European stock market indexes turned lower amid renewed trade tensions with the U.S.
Benchmark indexes in Frankfurt, Paris, Milan, and London decreased amid dimming prospects of a trade agreement in the near future.
The U.S. president reignited trade tensions after Donald Trump announced he would impose a 50% duty on steel imports from key partners from June 4.
The European Union criticized the proposed duty undermines the efforts to reach a "negotiated solution."
In addition, the U.S. president accused China of violating a verbal agreement struck last month in Geneva without offering any concrete evidence.
Constantly changing U.S. trade policy has disrupted global supply chains, and companies in Europe fear that the Chinese suppliers will accelerate dumping of unsold goods into world markets.
Europe Indexes and Yields
The DAX index decreased by 0.1% to 23,978.66, the CAC-40 index edged lower 0.2% to 7,737.43, and the FTSE 100 index advanced 0.1% to 8,780.12.
The yield on 10-year German bonds inched higher to 2.53%, French bonds increased to 3.19%, UK gilts moved up to 4.68%, and Italian bonds edged higher to 3.53%.
The euro increased to $1.14; the British pound was higher at $1.35; and the U.S. dollar was lower and traded at 81.91 Swiss cents.
Brent crude increased $1.65 to $64.43 a barrel, and the Dutch TTF natural gas was higher by €0.44 to €34.30 per MWh.
Europe Stock Movers
Salzgitter AG declined 0.9% to €20.82, and ThyssenKrupp AG dropped 2.5% to €8.37.
Defense and security-related stocks advanced for the ninth week in a row after Ukraine stepped up drone attacks deep inside Russia.
Rheinmetall AG gained 0.8% to €1,922.0, MTU Aero Engines rose 0.3% to €350.20, Dassault Aviation SA added 1.4% to €323.40, and Rolls-Royce Holdings PLC added 0.2% to 868.60 pence.
European Markets Fall Amid Renewed U.S. Tariff Threats
Bridgette Randall
02 Jun, 2025
London
European stock market indexes turned lower amid renewed trade tensions with the U.S.
Benchmark indexes in Frankfurt, Paris, Milan, and London decreased amid dimming prospects of a trade agreement in the near future.
The U.S. president reignited trade tensions after Donald Trump announced he would impose a 50% duty on steel imports from key partners from June 4.
The European Union criticized the proposed duty undermines the efforts to reach a "negotiated solution."
In addition, the U.S. president accused China of violating a verbal agreement struck last month in Geneva without offering any concrete evidence.
Constantly changing U.S. trade policy has disrupted global supply chains, and companies in Europe fear that the Chinese suppliers will accelerate dumping of unsold goods into world markets.
Europe Indexes and Yields
The DAX index decreased by 0.1% to 23,978.66, the CAC-40 index edged lower 0.2% to 7,737.43, and the FTSE 100 index advanced 0.1% to 8,780.12.
The yield on 10-year German bonds inched higher to 2.53%, French bonds increased to 3.19%, UK gilts moved up to 4.68%, and Italian bonds edged higher to 3.53%.
The euro increased to $1.14; the British pound was higher at $1.35; and the U.S. dollar was lower and traded at 81.91 Swiss cents.
Brent crude increased $1.65 to $64.43 a barrel, and the Dutch TTF natural gas was higher by €0.44 to €34.30 per MWh.
Europe Stock Movers
Salzgitter AG declined 0.9% to €20.82, and ThyssenKrupp AG dropped 2.5% to €8.37.
Defense and security-related stocks advanced for the ninth week in a row after Ukraine stepped up drone attacks deep inside Russia.
Rheinmetall AG gained 0.8% to €1,922.0, MTU Aero Engines rose 0.3% to €350.20, Dassault Aviation SA added 1.4% to €323.40, and Rolls-Royce Holdings PLC added 0.2% to 868.60 pence.
Europe Mar
Bridgette Randall
02 Jun, 2025
London
European stock market indexes turned lower amid renewed trade tensions with the U.S.
Benchmark indexes in Frankfurt, Paris, Milan, and London decreased amid dimming prospects of a trade agreement in the near future.
The U.S. president reignited trade tensions after Donald Trump announced he would impose a 50% duty on steel imports from key partners from June 4.
The European Union criticized the proposed duty undermines the efforts to reach a "negotiated solution."
In addition, the U.S. president accused China of violating a verbal agreement struck last month in Geneva without offering any concrete evidence.
Constantly changing U.S. trade policy has disrupted global supply chains, and companies in Europe fear that the Chinese suppliers will accelerate dumping of unsold goods into world markets.
Europe Indexes and Yields
The DAX index decreased by 0.1% to 23,978.66, the CAC-40 index edged lower 0.2% to 7,737.43, and the FTSE 100 index advanced 0.1% to 8,780.12.
The yield on 10-year German bonds inched higher to 2.53%, French bonds increased to 3.19%, UK gilts moved up to 4.68%, and Italian bonds edged higher to 3.53%.
The euro increased to $1.14; the British pound was higher at $1.35; and the U.S. dollar was lower and traded at 81.91 Swiss cents.
Brent crude increased $1.65 to $64.43 a barrel, and the Dutch TTF natural gas was higher by €0.44 to €34.30 per MWh.
Europe Stock Movers
Salzgitter AG declined 0.9% to €20.82, and ThyssenKrupp AG dropped 2.5% to €8.37.
Defense and security-related stocks advanced for the ninth week in a row after Ukraine stepped up drone attacks deep inside Russia.
Rheinmetall AG gained 0.8% to €1,922.0, MTU Aero Engines rose 0.3% to €350.20, Dassault Aviation SA added 1.4% to €323.40, and Rolls-Royce Holdings PLC added 0.2% to 868.60 pence.