Market Update
Europe Movers: Porvair
Inga Muller
30 Jun, 2025
Frankfurt
Porvair Plc. declined 3.9% to 742.0 pence after the UK-based provider of filtration and separation solutions for various industries reported results for the first six months of 2025 ending on May 31.
Revenue increased to £97.7 million from £94.6 million, profit edged up to £9.3 million from £9.0 million, and earnings per share rose to 20.0 pence from 19.5 pence a year ago.
Revenue in the aerospace and industrial segment climbed 10%, laboratory sales were up 1%, and metal melt sales were down 6% from a year ago, respectively.
The company said aluminum and superalloy demand remained strong, while foundry operations weighed on the sales results, and the company made a £5.5 million cast shop investment.
Net cash at May 31 was £17.1 million, compared to £4.1 million a year earlier.
Europe Movers: Porvair
Inga Muller
30 Jun, 2025
Frankfurt
Porvair Plc. declined 3.9% to 742.0 pence after the UK-based provider of filtration and separation solutions for various industries reported results for the first six months of 2025 ending on May 31.
Revenue increased to £97.7 million from £94.6 million, profit edged up to £9.3 million from £9.0 million, and earnings per share rose to 20.0 pence from 19.5 pence a year ago.
Revenue in the aerospace and industrial segment climbed 10%, laboratory sales were up 1%, and metal melt sales were down 6% from a year ago, respectively.
The company said aluminum and superalloy demand remained strong, while foundry operations weighed on the sales results, and the company made a £5.5 million cast shop investment.
Net cash at May 31 was £17.1 million, compared to £4.1 million a year earlier.
European Markets Held Steady In June, Eurozone M3 Money Supply Growth Stood at 3.9% In May
Bridgette Randall
30 Jun, 2025
London
European markets struggled on Monday amid a lack of clarity on trade negotiations with the U.S. and unverifiable claims by the U.S. president.
Benchmark indexes in Frankfurt, Paris, Milan, and London struggled to advance, and they traded around the flatline after a month of trading in June.
Market sentiment remained cautious amid a lack of visible progress in bilateral talks between the European Union and the U.S., and high tariffs on vehicles and parts remain a sticky point.
Moreover, additional U.S. tariffs on steel, aluminum, and food products kept negotiators struggling to find a common ground.
The Trump administration's claims of key trading partners' readiness to sign trade deals under the threat of sky-high tariffs have so far proven to be wrong and misleading.
China, Japan, Canada, Mexico, and the European Union have resisted the threats of high U.S. tariffs, and key trading partners have retaliated with tariffs on U.S. goods and services.
Germany's Retail Sales Contracted for the 2nd Consecutive Month in May
On the economic front, Germany's retail sales unexpectedly declined in May, the Federal Statistical Office reported Monday.
Retail sales decreased 1.6% from the previous month and fell for the second consecutive month.
Food and non-food store sales decreased 1.3% and 2.2% from the previous month, respectively.
On an annual basis, retail sales increased at a slower pace of 1.6% compared to the upwardly revised 2.9% in April.
EU Private Sector Credit Expansion Growth Stayed Elevated In May
The annual growth rate of the broad monetary aggregate M3, or money supply, stood at 3.9% in May, unchanged from the previous month, averaging 3.8% in the three months to May.
Overall lending growth to the private sector, including households and corporations, held steady at 2.8% in May, according to the latest data from the European Central Bank.
The credit expansion to the private sector was the strongest since May 2023.
Lending to households increased to 2.0%, to 7.002 trillion, faster than a 1.9% rise in April, amid rising demand from consumers and falling interest rates.
Lending growth to non-financial businesses slowed to 2.5% from 2.6% in April.
Europe Indexes and Yields
The DAX index increased by 0.2% to 24,087.14, the CAC-40 index edged higher by 0.2% to 7,710.08, and the FTSE 100 index advanced 0.1% to 8,809.03.
The yield on 10-year German bonds inched lower to 2.58%, French bonds decreased to 3.26%, UK gilts moved down to 4.49%, and Italian bonds edged lower to 3.48%.
The euro increased to $1.17; the British pound was higher at $1.37; and the U.S. dollar edged lower and fell to a multi-year low of 79.77 Swiss cents.
Brent crude decreased $0.24 to $66.56 a barrel, and the Dutch TTF natural gas was higher by €0.03 to €33.46 per MWh.
Europe Stock Movers
Fashion and luxury stocks advanced amid hopes of a U.S. trade agreement ahead of the looming July 9 deadline.
LVMH edged up 0.3% to €450.55, Kering SA added 1.3% to €186.64, and Hermes International SCA added 1.1% to €2,300.0.
Defense stocks advanced for the third session in a row after NATO leaders pledged to increase defense spending to 5% of gross domestic product but failed to confirm the deadline.
Rheinmetall AG gained 1.5% to €1,778.0, MTU Aero Engines AG increased 0.6% to €376.90, BAE Systems plc added 0.7% to 1,874.0 pence, and Rolls Royce Holdings PLC edged up 2.2% to 974.40 pence.
European Markets Held Steady In June, Eurozone M3 Money Supply Growth Stood at 3.9% In May
Bridgette Randall
30 Jun, 2025
London
European markets struggled on Monday amid a lack of clarity on trade negotiations with the U.S. and unverifiable claims by the U.S. president.
Benchmark indexes in Frankfurt, Paris, Milan, and London struggled to advance, and they traded around the flatline after a month of trading in June.
Market sentiment remained cautious amid a lack of visible progress in bilateral talks between the European Union and the U.S., and high tariffs on vehicles and parts remain a sticky point.
Moreover, additional U.S. tariffs on steel, aluminum, and food products kept negotiators struggling to find a common ground.
The Trump administration's claims of key trading partners' readiness to sign trade deals under the threat of sky-high tariffs have so far proven to be wrong and misleading.
China, Japan, Canada, Mexico, and the European Union have resisted the threats of high U.S. tariffs, and key trading partners have retaliated with tariffs on U.S. goods and services.
Germany's Retail Sales Contracted for the 2nd Consecutive Month in May
On the economic front, Germany's retail sales unexpectedly declined in May, the Federal Statistical Office reported Monday.
Retail sales decreased 1.6% from the previous month and fell for the second consecutive month.
Food and non-food store sales decreased 1.3% and 2.2% from the previous month, respectively.
On an annual basis, retail sales increased at a slower pace of 1.6% compared to the upwardly revised 2.9% in April.
EU Private Sector Credit Expansion Growth Stayed Elevated In May
The annual growth rate of the broad monetary aggregate M3, or money supply, stood at 3.9% in May, unchanged from the previous month, averaging 3.8% in the three months to May.
Overall lending growth to the private sector, including households and corporations, held steady at 2.8% in May, according to the latest data from the European Central Bank.
The credit expansion to the private sector was the strongest since May 2023.
Lending to households increased to 2.0%, to 7.002 trillion, faster than a 1.9% rise in April, amid rising demand from consumers and falling interest rates.
Lending growth to non-financial businesses slowed to 2.5% from 2.6% in April.
Europe Indexes and Yields
The DAX index increased by 0.2% to 24,087.14, the CAC-40 index edged higher by 0.2% to 7,710.08, and the FTSE 100 index advanced 0.1% to 8,809.03.
The yield on 10-year German bonds inched lower to 2.58%, French bonds decreased to 3.26%, UK gilts moved down to 4.49%, and Italian bonds edged lower to 3.48%.
The euro increased to $1.17; the British pound was higher at $1.37; and the U.S. dollar edged lower and fell to a multi-year low of 79.77 Swiss cents.
Brent crude decreased $0.24 to $66.56 a barrel, and the Dutch TTF natural gas was higher by €0.03 to €33.46 per MWh.
Europe Stock Movers
Fashion and luxury stocks advanced amid hopes of a U.S. trade agreement ahead of the looming July 9 deadline.
LVMH edged up 0.3% to €450.55, Kering SA added 1.3% to €186.64, and Hermes International SCA added 1.1% to €2,300.0.
Defense stocks advanced for the third session in a row after NATO leaders pledged to increase defense spending to 5% of gross domestic product but failed to confirm the deadline.
Rheinmetall AG gained 1.5% to €1,778.0, MTU Aero Engines AG increased 0.6% to €376.90, BAE Systems plc added 0.7% to 1,874.0 pence, and Rolls Royce Holdings PLC edged up 2.2% to 974.40 pence.
European Markets Held Steady In June, Eurozone M3 Money Supply Growth Stood at 3.9% In May
Bridgette Randall
30 Jun, 2025
London
European markets struggled on Monday amid a lack of clarity on trade negotiations with the U.S. and unverifiable claims by the U.S. president.
Benchmark indexes in Frankfurt, Paris, Milan, and London struggled to advance, and they traded around the flatline after a month of trading in June.
Market sentiment remained cautious amid a lack of visible progress in bilateral talks between the European Union and the U.S., and high tariffs on vehicles and parts remain a sticky point.
Moreover, additional U.S. tariffs on steel, aluminum, and food products kept negotiators struggling to find a common ground.
The Trump administration's claims of key trading partners' readiness to sign trade deals under the threat of sky-high tariffs have so far proven to be wrong and misleading.
China, Japan, Canada, Mexico, and the European Union have resisted the demands of high U.S. tariffs, and key trading partners have retaliated with their own tariffs on U.S. goods and services.
Germany's Retail Sales Contracted for the 2nd Consecutive Month in May
On the economic front, Germany's retail sales unexpectedly declined in May, the Federal Statistical Office reported Monday.
Retail sales decreased 1.6% from the previous month and fell for the second consecutive month.
Food and non-food store sales decreased 1.3% and 2.2% from the previous month, respectively.
On an annual basis, retail sales increased at a slower pace of 1.6% compared to the upwardly revised 2.9% in April.
EU Private Sector Credit Expansion Growth Stayed Elevated In May
The annual growth rate of the broad monetary aggregate M3, or money supply, stood at 3.9% in May, unchanged from the previous month, averaging 3.8% in the three months to May.
Overall lending growth to the private sector, including households and corporations, held steady at 2.8% in May, according to the latest data from the European Central Bank.
The credit expansion to the private sector was the strongest since May 2023.
Lending to households increased to 2.0%, to 7.002 trillion, faster than a 1.9% rise in April, amid rising demand from consumers and falling interest rates.
Lending growth to non-financial businesses slowed to 2.5% from 2.6% in April.
Europe Indexes and Yields
The DAX index increased by 0.2% to 24,087.14, the CAC-40 index edged higher by 0.2% to 7,710.08, and the FTSE 100 index advanced 0.1% to 8,809.03.
The yield on 10-year German bonds inched lower to 2.58%, French bonds decreased to 3.26%, UK gilts moved down to 4.49%, and Italian bonds edged lower to 3.48%.
The euro increased to $1.17; the British pound was higher at $1.37; and the U.S. dollar edged lower and fell to a multi-year low of 79.77 Swiss cents.
Brent crude decreased $0.24 to $66.56 a barrel, and the Dutch TTF natural gas was higher by €0.03 to €33.46 per MWh.
Europe Stock Movers
Fashion and luxury stocks advanced amid hopes of a U.S. trade agreement ahead of the looming July 9 deadline.
LVMH edged up 0.3% to €450.55, Kering SA added 1.3% to €186.64, and Hermes International SCA added 1.1% to €2,300.0.
Defense stocks advanced for the third session in a row after NATO leaders pledged to increase defense spending to 5% of gross domestic product but failed to confirm the deadline.
Rheinmetall AG gained 1.5% to €1,778.0, MTU Aero Engines AG increased 0.6% to €376.90, BAE Systems plc added 0.7% to 1,874.0 pence, and Rolls Royce Holdings PLC edged up 2.2% to 974.40 pence.
Nikkei 225 Index Soared 8% In June, Japan's Industrial Output Struggled to Advance
Akira Ito
30 Jun, 2025
Tokyo
Stock market indexes in Tokyo advanced, reflecting gains in New York in Friday's trading.
The Nikkei 225 Stock Average jumped as much as 1.4%, and the broader Topix advanced as much as 0.6% amid optimism about the easing of trade tensions and receding geopolitical risks.
Despite the investor enthusiasm, trade tensions between Japan and the U.S. remain elevated because of the unresolved 25% tariffs on Japanese vehicles and parts.
Japan's industrial output in May increased 0.5% from the previous month, according to a report released by the Ministry of Economy, Trade & Industry.
The volatile index advanced for the third month this year amid a rebound of 5.6% compared to a decline of 8.7% in the production of machinery and motor vehicles and by 2.5% compared to a decrease of 0.9% from a year ago, respectively.
On an annual basis, industrial production declined 1.8% from a year ago.
Japan Indexes and Stocks
The Nikkei 225 Stock Average increased 1% to 40,543.59, and the broader Topix added 0.4% to 2,852.41.
In June, the Nikkei 225 Stock Average soared 8%, and the Topix gained 2.7%.
Semiconductor equipment-linked stocks advanced in Monday's trading.
Tokyo Electron gained 0.2% to ¥27,565.0, Advantest Corp. increased 0.5% to ¥10,640.0, and Disco Corp. advanced 1.2% to ¥42,480.0.
Nippon Yusen KK advanced 0.2% to ¥5,188.0, Kawasaki Kisen Ltd. decreased 0.9% to ¥2,044.0, and Mitsui O.S.K. Lines Ltd. fell 0.3% to ¥4,820.0.
Seven & I Holdings Co. Ltd. gained 1.1% to ¥2,323.0, Fast Retailing Co. Ltd. jumped 0.7% to ¥49,520.0, and Takashimaya Co. Ltd. jumped 3.9% to ¥1,128.50.
Nikkei 225 Index Soared 8% In June, Japan's Industrial Output Struggled to Advance
Akira Ito
30 Jun, 2025
Tokyo
Stock market indexes in Tokyo advanced, reflecting gains in New York in Friday's trading.
The Nikkei 225 Stock Average jumped as much as 1.4%, and the broader Topix advanced as much as 0.6% amid optimism about the easing of trade tensions and receding geopolitical risks.
Despite the investor enthusiasm, trade tensions between Japan and the U.S. remain elevated because of the unresolved 25% tariffs on Japanese vehicles and parts.
Japan's industrial output in May increased 0.5% from the previous month, according to a report released by the Ministry of Economy, Trade & Industry.
The volatile index advanced for the third month this year amid a rebound of 5.6% compared to a decline of 8.7% in the production of machinery and motor vehicles and by 2.5% compared to a decrease of 0.9% from a year ago, respectively.
On an annual basis, industrial production declined 1.8% from a year ago.
Japan Indexes and Stocks
The Nikkei 225 Stock Average increased 1% to 40,543.59, and the broader Topix added 0.4% to 2,852.41.
In June, the Nikkei 225 Stock Average soared 8%, and the Topix gained 2.7%.
Semiconductor equipment-linked stocks advanced in Monday's trading.
Tokyo Electron gained 0.2% to ¥27,565.0, Advantest Corp. increased 0.5% to ¥10,640.0, and Disco Corp. advanced 1.2% to ¥42,480.0.
Nippon Yusen KK advanced 0.2% to ¥5,188.0, Kawasaki Kisen Ltd. decreased 0.9% to ¥2,044.0, and Mitsui O.S.K. Lines Ltd. fell 0.3% to ¥4,820.0.
Seven & I Holdings Co. Ltd. gained 1.1% to ¥2,323.0, Fast Retailing Co. Ltd. jumped 0.7% to ¥49,520.0, and Takashimaya Co. Ltd. jumped 3.9% to ¥1,128.50.
China's Factory Activities Struggle to Expand Amid U.S. Trade Policy Uncertainty
Li Chen
30 Jun, 2025
Hong Kong
Stock market indexes in China and Hong Kong edged lower on Monday amid persistent worries about the economic outlook due to uncertainty surrounding U.S. trade policy.
The Hang Seng index declined 0.5%, and the mainland-focused CSI 300 index inched lower a fraction as investors reviewed the latest economic data.
China's manufacturing sector activities improved slightly but remained in contraction territory for the third consecutive month in June.
The NBS Manufacturing Purchasing Managers' Index edged higher to 49.7 in June from 49.5 in May, according to the statistical bureau's monthly update on Monday.
The NBS Non-manufacturing Purchasing Managers' Index increased to 50.2 in June from 49.8 in May, amid sustained growth in the services sector.
The looming trade uncertainty continues to hamper the export growth outlook, compounded by the protracted slump in residential construction and ongoing weakness in consumer sentiment.
On Tuesday, Caixin's manufacturing survey, which includes a larger group of exporting and mid-sized companies, is expected to show a stable but weak level of business activities.
Economists are worried that economic growth may struggle in the second half, as export orders are likely to be below normal after businesses front-loaded ahead of the heavy U.S. tariffs.
China Indexes and Stocks
The Hang Seng index decreased 0.5% to 24,176.02, and the mainland-focused CSI 300 index added 0.01% to 3,922.29.
Unisound AI Technology edged slightly higher to HK $208.30 after the company priced its stock on the Hong Kong Stock Exchange for HK $205 per share.
The company sold 1.56 million shares and raised a total of HK $320 million.
Medtide Inc. traded at HK $31.70, and the contract research and manufacturing company priced its Hong Kong public offering at HK $30.60 per share.
The peptide-focused contract research company sold 16.8 million shares and raised HK $514.08 million.
China's Factory Activities Struggle to Expand Amid U.S. Trade Policy Uncertainty
Li Chen
30 Jun, 2025
Hong Kong
Stock market indexes in China and Hong Kong edged lower on Monday amid persistent worries about the economic outlook due to uncertainty surrounding U.S. trade policy.
The Hang Seng index declined 0.5%, and the mainland-focused CSI 300 index inched lower a fraction as investors reviewed the latest economic data.
China's manufacturing sector activities improved slightly but remained in contraction territory for the third consecutive month in June.
The NBS Manufacturing Purchasing Managers' Index edged higher to 49.7 in June from 49.5 in May, according to the statistical bureau's monthly update on Monday.
The NBS Non-manufacturing Purchasing Managers' Index increased to 50.2 in June from 49.8 in May, amid sustained growth in the services sector.
The looming trade uncertainty continues to hamper the export growth outlook, compounded by the protracted slump in residential construction and ongoing weakness in consumer sentiment.
On Tuesday, Caixin's manufacturing survey, which includes a larger group of exporting and mid-sized companies, is expected to show a stable but weak level of business activities.
Economists are worried that economic growth may struggle in the second half, as export orders are likely to be below normal after businesses front-loaded ahead of the heavy U.S. tariffs.
China Indexes and Stocks
The Hang Seng index decreased 0.5% to 24,176.02, and the mainland-focused CSI 300 index added 0.01% to 3,922.29.
Unisound AI Technology edged slightly higher to HK $208.30 after the company priced its stock on the Hong Kong Stock Exchange for HK $205 per share.
The company sold 1.56 million shares and raised a total of HK $320 million.
Medtide Inc. traded at HK $31.70, and the contract research and manufacturing company priced its Hong Kong public offering at HK $30.60 per share.
The peptide-focused contract research company sold 16.8 million shares and raised HK $514.08 million.
S&P 500 and Nasdaq Hover Near Record Highs as Trump's China Deal Confirms TACO Theory
Barry Adams
27 Jun, 2025
New York City
Stock market indexes edged higher in early trading as investors reviewed the latest update on an alternative measure of inflation.
The personal consumption expenditure index rose 2.3%, and the core index accelerated to 2.7% from a year ago, according to the latest data released by the Bureau of Economic Analysis.
The S&P 500 index edged up 0.3%, and the tech-heavy Nasdaq Composite advanced 0.28% as investors returned to increase exposure to riskier assets.
For the week, the S&P 500 index is up 2.3%, and the Nasdaq Composite has gained more than 2.7%, and both indexes are nearing record highs after the White House backed down from its threats of aggressive import taxes on shipments from key trading partners.
The so-called TACO trade (Trump Always Chickens Out) dominated market sentiment for the second consecutive month after the White House signaled that the upcoming July 9 deadline for additional tariffs could be extended.
Over the last two months, Donald Trump has repeatedly backed down after threatening sky-high tariffs on shipments from key trading partners.
Today the Trump administration confirmed a "framework" agreement with China, which confirmed the familiar pattern of chickening out.
Sources in Beijing and Hong Kong confirmed that the U.S. tariffs are likely to be reduced to 10% from the threatened rate as high as 145% and fewer restrictions on shipments of advanced chips in exchange for a relaxed shipment of rare earth minerals.
The threats of high tariffs and constant flip-flops in the trade policy have left several small and medium-sized businesses with higher operating costs and severe business disruptions, and many businesses are pushed to the brink of closure.
Moreover, the unpredictable nature of the Trump administration's trade policy has also kept foreign investors from setting up new manufacturing operations in the U.S. and dimmed the luster of the U.S. dollar.
The U.S. dollar continued to hover near the four-year low as global investors avoided the dollar-denominated assets and increased exposure to stocks in Europe and Asia.
Commodities, Currencies, Indexes, Yields
The S&P 500 index increased 0.3% to 6,161.54, the Nasdaq Composite edged up 0.3% to 20,238.31, and the Russell 2000 index advanced 0.2% to 2,175.95.
The yield on 2-year Treasury notes edged higher to 3.75%, 10-year Treasury notes increased to 4.26%, and 30-year Treasury bonds advanced to 4.81%.
WTI crude oil increased $0.64 to $65.88 a barrel, and natural gas prices edged higher by $0.10 to $3.62 a thermal unit.
Gold decreased by $67.88 to $3,360.74 an ounce, and silver edged down by $0.76 to $35.91.
The dollar index, which weighs the US currency against a basket of foreign currencies, decreased by 0.03 to 97.12 and traded at the lowest level since April 2022.
U.S. Stock Movers
Nike Inc. soared 10.5% to $69.10, and the athletic shoemaker reported a better-than-expected sales decline of 12% from a year ago in the fiscal fourth quarter ending in May.
The company added that it expects a tariff-linked hit of $1 billion before adjusting for possible price hikes in the months ahead.
Revenue edged down to $11.10 billion from $12.61 billion, net income dropped to $211 million from $1.50 billion, and diluted earnings per share fell to 14 cents from 99 cents a year ago.
S&P 500 and Nasdaq Hover Near Record Highs as Trump's China Deal Confirms TACO Theory
Barry Adams
27 Jun, 2025
New York City
Stock market indexes edged higher in early trading as investors reviewed the latest update on an alternative measure of inflation.
The personal consumption expenditure index rose 2.3%, and the core index accelerated to 2.7% from a year ago, according to the latest data released by the Bureau of Economic Analysis.
The S&P 500 index edged up 0.1%, and the tech-heavy Nasdaq Composite advanced 0.2% as investors returned to increase exposure to riskier assets.
For the week, the S&P 500 index is up 2.3%, and the Nasdaq Composite has gained more than 2.7%, and both indexes are nearing record highs after the White House backed down from its threats of aggressive import taxes on shipments from key trading partners.
The so-called TACO trade (Trump Always Chickens Out) dominated market sentiment for the second consecutive month after the White House signaled that the upcoming July 9 deadline for additional tariffs could be extended.
Over the last two months, Donald Trump has repeatedly backed down after threatening sky-high tariffs on shipments from key trading partners.
Today the Trump administration confirmed a "framework" agreement with China, which confirmed the familiar pattern of chickening out.
Sources in Beijing and Hong Kong confirmed that the U.S. tariffs are likely to be reduced to 10% from the threatened rate as high as 145% and fewer restrictions on shipments of advanced chips in exchange for a relaxed shipment of rare earth minerals.
The threats of high tariffs and constant flip-flops in the trade policy have left several small and medium-sized businesses with higher operating costs and severe business disruptions, and many businesses are pushed to the brink of closure.
The U.S. dollar continued to hover near the four-year low as global investors avoided the dollar-denominated assets and increased exposure to stocks in Europe and Asia.
U.S. Stock Movers
Nike Inc. soared 10.5% to $69.10, and the athletic shoemaker reported a better-than-expected sales decline of 12% from a year ago in the fiscal fourth quarter ending in May.
The company added that it expects a tariff-linked hit of $1 billion before adjusting for possible price hikes in the months ahead.
Revenue edged down to $11.10 billion from $12.61 billion, net income dropped to $211 million from $1.50 billion, and diluted earnings per share fell to 14 cents from 99 cents a year ago.
European Markets Advanced Amid Receding Global Trade Tensions
Bridgette Randall
27 Jun, 2025
London
European markets edged higher on Friday and extended weekly gains amid improving global market sentiment.
Benchmark indexes in Frankfurt, Paris, Milan, and London advanced after worries about the looming U.S. tariff threats eased.
Market sentiment got an additional boost after the White House spokesperson confirmed the Trump administration is flexible with the upcoming deadline on July 9 for additional tariffs.
Moreover, the ceasefire between Iran and Israel held for the third day in a row, calming market anxieties about the global crude oil supply disruptions through the Strait of Hormuz.
On the economic front, France's overall consumer price inflation eased to an annual pace of 0.9% in June, the INSEE reported Friday.
The uptick in inflation was driven by a higher services inflation of 2.4% compared to 2.1% in the previous month.
Spain's consumer price inflation increased more than expected to an annual pace of 2.2% in June, but the core rate of inflation held steady at 2.2%.
Europe Indexes and Yields
The DAX index increased by 0.8% to 23,842.37, the CAC-40 index edged higher by 0.8% to 7,618.02, and the FTSE 100 index advanced 0.3% to 8,759.53.
For the week, the DAX increased 2.2%, the CAC-40 increased 1.1%, and the FTSE 100 index edged up 0.5%.
The yield on 10-year German bonds inched higher to 2.58%, French bonds increased to 3.26%, the UK gilts moved down to 4.47%, and Italian bonds edged higher to 3.50%.
The euro increased to $1.17; the British pound was higher at $1.37; and the U.S. dollar was lower and traded at 79.93 Swiss cents.
Brent crude increased $0.47 to $68.20 a barrel, and the Dutch TTF natural gas was higher by €0.79 to €34.29 per MWh.
European Markets Advanced Amid Receding Global Trade Tensions
Bridgette Randall
27 Jun, 2025
London
European markets edged higher on Friday and extended weekly gains amid improving global market sentiment.
Benchmark indexes in Frankfurt, Paris, Milan, and London advanced after worries about the looming U.S. tariff threats eased.
Market sentiment got an additional boost after the White House spokesperson confirmed the Trump administration is flexible with the upcoming deadline on July 9 for additional tariffs.
Moreover, the ceasefire between Iran and Israel held for the third day in a row, calming market anxieties about the global crude oil supply disruptions through the Strait of Hormuz.
On the economic front, France's overall consumer price inflation eased to an annual pace of 0.9% in June, the INSEE reported Friday.
The uptick in inflation was driven by a higher services inflation of 2.4% compared to 2.1% in the previous month.
Spain's consumer price inflation increased more than expected to an annual pace of 2.2% in June, but the core rate of inflation held steady at 2.2%.
Europe Indexes and Yields
The DAX index increased by 0.8% to 23,842.37, the CAC-40 index edged higher by 0.8% to 7,618.02, and the FTSE 100 index advanced 0.3% to 8,759.53.
For the week, the DAX increased 2.2%, the CAC-40 increased 1.1%, and the FTSE 100 index edged up 0.5%.
The yield on 10-year German bonds inched higher to 2.58%, French bonds increased to 3.26%, the UK gilts moved down to 4.47%, and Italian bonds edged higher to 3.50%.
The euro increased to $1.17; the British pound was higher at $1.37; and the U.S. dollar was lower and traded at 79.93 Swiss cents.
Brent crude increased $0.47 to $68.20 a barrel, and the Dutch TTF natural gas was higher by €0.79 to €34.29 per MWh.
U.S. Movers: Nike
Scott Peters
27 Jun, 2025
New York City
Nike Inc. gained 10.7% to $69.25 despite the sporting goods retailer reporting weak results for the fiscal fourth quarter of 2025 ending on May 31.
Revenue edged down to $11.10 billion from $12.61 billion, net income dropped to $211 million from $1.50 billion, and diluted earnings per share fell to 14 cents from 99 cents a year ago.
Direct revenue was down 14% to $4.4 billion, wholesale revenue declined 9% to $6.4 billion, and revenue for Converse was down 26% to $357 million from a year earlier, respectively.
Inventories for the company were $7.5 billion, flat compared to the prior year.
During the fourth quarter, Nike returned approximately $0.8 billion to shareholders in the form of dividends of $591 million, up 6% from the previous year, and share repurchases of $202 million.
As of May 31, a total of $6.0 billion remained under the company’s repurchase authorization through June 2026.
Revenue in the twelve months declined to $46.31 billion from $51.36 billion, net income edged down to $3.22 billion from $5.70 billion, and diluted earnings per share fell to $2.16 from $3.73 a year earlier.
U.S. Movers: Nike
Scott Peters
27 Jun, 2025
New York City
Nike Inc. gained 10.7% to $69.25 despite the sporting goods retailer reporting weak results for the fiscal fourth quarter of 2025 ending on May 31.
Revenue edged down to $11.10 billion from $12.61 billion, net income dropped to $211 million from $1.50 billion, and diluted earnings per share fell to 14 cents from 99 cents a year ago.
Direct revenue was down 14% to $4.4 billion, wholesale revenue declined 9% to $6.4 billion, and revenue for Converse was down 26% to $357 million from a year earlier, respectively.
Inventories for the company were $7.5 billion, flat compared to the prior year.
During the fourth quarter, Nike returned approximately $0.8 billion to shareholders in the form of dividends of $591 million, up 6% from the previous year, and share repurchases of $202 million.
As of May 31, a total of $6.0 billion remained under the company’s repurchase authorization through June 2026.
Revenue in the twelve months declined to $46.31 billion from $51.36 billion, net income edged down to $3.22 billion from $5.70 billion, and diluted earnings per share fell to $2.16 from $3.73 a year earlier.