European Markets Struggled to Advance Ahead of

Bridgette Randall
06 May, 2025
London

European markets lacked direction in Tuesday's trading as investors remained focused on corporate earnings and merger announcements. 

Benchmark indexes in Frankfurt, Paris, Milan, and London traded in a tight range as investors reacted to corporate earnings. 

Market sentiment was cautious after the Trump administration announced 100% tariffs on foreign-made movies but did not clarify if the import duties apply to streaming services. 

Moreover, investors remained on the sidelines ahead of rate decisions from the Federal Reserve on Wednesday and the Bank of England on Thursday. 

Deliveroo agreed to be acquired by the U.S.-based Door Dash for £2.9 billion, or $3.9 billion. 

 

Europe Indexes and Yields

The DAX index decreased by 0.2% to 23,305.13, the CAC-40 index edged higher 0.03% to 7,730.23, and the FTSE 100 index advanced 0.3% to 8,623.00.

The yield on 10-year German bonds inched higher to 2.55%, French bonds increased to 3.27%, UK gilts moved up to 4.57%, and Italian bonds edged higher to 3.64%.

The euro increased to $1.13; the British pound was higher at $1.33; and the U.S. dollar was higher and traded at 82.41 Swiss cents.

Brent crude increased $1.33 to $61.56 a barrel, and the Dutch TTF natural gas was higher by €0.24 to €33.29 per MWh.

 

Europe Movers

Hugo Boss jumped 5.5% to €38.45 after the German fashion company reported better-than-expected revenue in the first quarter. 

Philips NV declined 1.9% to €22.12, and the Dutch consumer appliance maker lowered its annual outlook. 

Covestro AG increased 0.5% to €58.62 after the polycarbonate raw material maker lowered its earnings outlook. 

Continental AG increased 1.2% to €70.92, and the Germany-based automotive parts maker reported better-than-expected revenue and earnings in the latest quarter, and sales rose to a four-year high. 

Vestas Wind Systems increased 4.7% to DKK 92.68, and the Danish wind energy company's net income swung to a profit in the first quarter.