European Stocks Rise Amid Optimism Over Trade Deal with the U.S.
European stocks climbed on Wednesday, led by gains in the automotive sector, as optimism grew over a potential trade agreement with the United States following Washington's recent deal with Japan.
The Stoxx 600 index rose nearly 1% to 549.6 points, recovering from three consecutive sessions of losses. Meanwhile, the UK's FTSE 100 extended its winning streak to a fifth straight session, hitting a record high.
Other regional indices also advanced, with France's CAC 40 leading the gains, jumping 1.3%.
The auto manufacturing sector was the top performer, surging 3.4%, tracking gains in Asian competitor stocks. Shares of Porsche soared 7.6%, while Mercedes-Benz climbed 5.8%.
Swiss company Lonza was among the strongest performers, rising 5.4% after surpassing profit expectations, driven by its pharmaceutical manufacturing unit.
However, shares of ASM International fell 7.7%, weighing on the tech sector and marking the biggest decline on the Stoxx 600.
German software giant SAP also dropped 3.5% after reporting higher Q2 profits due to cost-cutting and increased demand but refraining from raising its full-year earnings forecast.
The market rally reflects growing confidence in easing trade tensions, with investors closely watching for further developments in U.S.-Europe trade negotiations.
Whatsapp Telegram Email Print
more of (Economy)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Saba Yemen
2 days ago
- Saba Yemen
European Stocks Rise Amid Optimism Over Trade Deal with the U.S.
Brussels – SABA: European stocks climbed on Wednesday, led by gains in the automotive sector, as optimism grew over a potential trade agreement with the United States following Washington's recent deal with Japan. The Stoxx 600 index rose nearly 1% to 549.6 points, recovering from three consecutive sessions of losses. Meanwhile, the UK's FTSE 100 extended its winning streak to a fifth straight session, hitting a record high. Other regional indices also advanced, with France's CAC 40 leading the gains, jumping 1.3%. The auto manufacturing sector was the top performer, surging 3.4%, tracking gains in Asian competitor stocks. Shares of Porsche soared 7.6%, while Mercedes-Benz climbed 5.8%. Swiss company Lonza was among the strongest performers, rising 5.4% after surpassing profit expectations, driven by its pharmaceutical manufacturing unit. However, shares of ASM International fell 7.7%, weighing on the tech sector and marking the biggest decline on the Stoxx 600. German software giant SAP also dropped 3.5% after reporting higher Q2 profits due to cost-cutting and increased demand but refraining from raising its full-year earnings forecast. The market rally reflects growing confidence in easing trade tensions, with investors closely watching for further developments in U.S.-Europe trade negotiations. Whatsapp Telegram Email Print more of (Economy)
Saba Yemen
4 days ago
- Saba Yemen
Asian stocks at start of week mix
Bangkok – Saba: Asian stock markets showed a mixed performance on Monday, beginning the new week after Wall Street posted its third consecutive weekly gain last week. In Japan, the stock market was closed for a public holiday. The closure came a day after the ruling coalition lost its majority in both the House of Representatives and the Senate for the first time since 1955. The defeat in Sunday's elections follows the earlier loss of its majority in the lower house last October. Despite the electoral setback, Prime Minister Shigeru Ishiba vowed to remain in office, saying the results reflect growing voter frustration with rising prices and ongoing political instability. In China, the Shanghai Composite Index rose 0.4% to 3,549.89 points, while Hong Kong's Hang Seng Index edged up 0.3% to 24,895.20 points. The gains came after the People's Bank of China (PBOC) decided to keep key interest rates for one-year and five-year loans unchanged. Recent strong economic data from China helped ease pressure on policymakers to loosen credit conditions further. Meanwhile, the administration of U.S. President Donald Trump softened its rhetoric toward Beijing, contributing to progress in trade talks and helping the two sides avoid significant tariff hikes on Chinese exports to the U.S. In South Korea, the Kospi rose 0.5% to 3,205.71 points, supported by a slight improvement in export figures reported for the previous month. In contrast, Australia's S&P/ASX 200 index fell 1.1% to 8,659.50 points. Elsewhere, Taiwan's TAIEX slipped 0.3%, India's Sensex (SENEX) rose 0.2%, and Thailand's SET index declined. Whatsapp Telegram Email Print more of (International)
Saba Yemen
16-07-2025
- Saba Yemen
Irish Parliament Moves to Ban Import of Zionist Settlement Goods
Bethlehem - Saba: The Irish Parliament is preparing to pass the 'Settlements Bill,' which would ban the import of goods produced in settlements located in the West Bank, East Quds, and the Golan Heights. According to the Palestinian Ma'an News Agency, if approved, Ireland would become the first European country to enact such legislation. Ireland is considered a leading nation in supporting the Palestinian cause and is known for its stance opposing the Zionist enemy within the European Union. Veteran Republican Senator Lindsey Graham tweeted last night: 'I hope Ireland reconsiders its efforts to economically isolate Israel.' Whatsapp Telegram Email Print more of (International)
