Market Updates
European Markets Lacked Direction Amid Trade Uncertainties, UK's Inflation Accelerated In June
Bridgette Randall
16 Jul, 2025
London
European markets traded down, and investors shifted their attention to the latest batch of quarterly results.
Benchmark indexes in Frankfurt, Paris, Milan, and London edged lower amid ongoing trade uncertainties with the U.S.
Investors were on the defensive after the U.S. president threatened additional levies on pharmaceutical and semiconductor shipments from the European Union.
Investors have generally ignored constant flip-flops of the U.S. trade policy announcements from the Trump administration, while negotiators are looking to finalize a broad framework.
On the economic front, the annual inflation in the U.K. in June rose to an eighteen-month high, according to a report by the Office for National Statistics.
Consumer price inflation accelerated to 3.6% in June, up from 3.4% in May, and reached the highest level since January 2024.
The rise in inflation was driven largely by the increase in transportation prices by 1.7%, but services inflation held steady, and housing and utilities prices rose at a slower pace of 7.5% compared to a 7.7% annual pace in the previous month.
Europe Stock Movers
ASML Holding decreased 7.1% to €656.0, and the company reported better-than-expected results in the second quarter.
However, the company's 2026 outlook overshadowed quarterly results after the company estimated no revenue growth, including risks of U.S. tariffs on systems and parts shipped to the U.S.
Richemont SA jumped 2.2% to €163.05, and the luxury group reported better-than-expected revenue in the second quarter, but profit margins were under pressure.
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