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Reuters
an hour ago
- Business
- Reuters
European stocks rise on Safran, Rolls-Royce boost amidst earnings flurry
July 31 (Reuters) - European shares edged higher on Thursday, helped by a slate of upbeat corporate results from Safran and Rolls-Royce, with investors keeping an eye on last-minute trade deals after U.S. President Donald Trump issued a blitz of tariff announcements. The French aerospace group Safran < opens new tab rose 4.8% after raising its full year profit outlook, while British aero-engineer Rolls-Royce RR.L, opens new tab rallied 8.4% after raising, opens new tabits full-year outlook for operating profit and free cash flow. Shares of both firms hit all-time highs, respectively. The pan-European Stoxx 600 index (.STOXX), opens new tab was up 0.4% by 0810 GMT with all major regional indexes in the green. The STOXX 600 index is on track to end the month 2% higher as easing trade worries, better-than-expected U.S. and European economic data and largely upbeat earnings reports bolstered sentiment. "What's driving the equities markets is that we are at the peak of the earnings season," said Christoph Berger, CIO European equity at Allianz Global Investors. "The perspective of most European market participants is now more on 2026 and that will be the time when you see the impact of the fiscal stimulus in Germany but also more measures related to European sovereignty." Ahead of the August 1 deadline, U.S. President Donald Trump released fresh levies ranging from updates on copper tariffs, goods from Brazil, South Korea and India as well as an end to exemptions for small-value overseas shipments. After Trump stuck a trade deal framework with the EU over the weekend, analysts' outlook for second-quarter earnings has improved. As of Tuesday, STOXX 600 companies are likely to report growth of 1.8% in second-quarter earnings, a large improvement from the 0.3% fall analysts had expected a week ago, according to LSEG I/B/E/S data. Euro zone banks (.SX7E), opens new tab continued their upward momentum, adding 1.8%, boosted by Societe Generale ( opens new tab raising its annual profit target on Thursday. The French bank was among top gainers on the index, advancing 6.8%. Standard Chartered (STAN.L), opens new tab reported a higher-than-expected rise in first-half pretax profit, while Spanish bank BBVA ( opens new tab added 7.6% after second-quarter net profit beat expectations. Energy giant Shell (SHEL.L), opens new tab gained 2.3% after the company beat profit expectations for the quarter and kept buybacks steady. Rival BP (BP.L), opens new tab rose marginally. Anheuser-Busch InBev ( opens new tab slumped 9.4% to the bottom of the index after the beer giant reported a fall in volumes, dragged back by weak sales in China and Brazil. Blowout results from Microsoft (MSFT.O), opens new tab and Meta Platforms (META.O), opens new tab overnight are set to power Wall Street on Thursday, ahead of reports from Apple (AAPL.O), opens new tab and (AMZN.O), opens new tab. Investors will also wait for Eurozone unemployment data for June and preliminary CPI data from France and Germany expected later in the day.
Yahoo
an hour ago
- Business
- Yahoo
European shares edge higher amid earnings flurry, US tariff blitz
(Reuters) -European shares edged higher on Thursday, helped by a slate of upbeat corporate updates, with investors keeping an eye on last minute trade deals after U.S. President Donald Trump issued a blitz of tariff announcements. The pan-European Stoxx 600 index was up 0.3% by 0715 GMT. It is on track to end the month 1.6% higher as easing trade worries, better-than-expected U.S. and European economic data and largely upbeat earnings reports bolstered sentiment. Ahead of the August 1 deadline, Trump released fresh levies ranging from updates on copper tariffs, goods from Brazil, South Korea and India as well as an end to exemptions for small-value overseas shipments. Euro zone banks continued their upward momentum, adding 1%, boosted by Societe Generale raising its annual profit target on Thursday. The French bank was among top gainers on the index, advancing 7%. Standard Chartered reported a higher-than-expected rise in first-half pretax profit, while Spanish bank BBVA reported a fall in second-quarter net profit. Energy giant Shell gained 2.9% after the company beat profit expectations for the quarter and kept buybacks steady. Rival BP rose marginally. Anheuser-Busch InBev shed 10.2% after the beer giant reported a fall in volumes, dragged back by weak sales in China and Brazil. Blowout results from Microsoft and Meta Platforms overnight are set to power Wall Street on Thursday, ahead of reports from Apple and Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
an hour ago
- Business
- Reuters
European shares edge higher amid earnings flurry, US tariff blitz
July 31 (Reuters) - European shares edged higher on Thursday, helped by a slate of upbeat corporate updates, with investors keeping an eye on last minute trade deals after U.S. President Donald Trump issued a blitz of tariff announcements. The pan-European Stoxx 600 index (.STOXX), opens new tab was up 0.3% by 0715 GMT. It is on track to end the month 1.6% higher as easing trade worries, better-than-expected U.S. and European economic data and largely upbeat earnings reports bolstered sentiment. Ahead of the August 1 deadline, Trump released fresh levies ranging from updates on copper tariffs, goods from Brazil, South Korea and India as well as an end to exemptions for small-value overseas shipments. Euro zone banks (.SX7E), opens new tab continued their upward momentum, adding 1%, boosted by Societe Generale ( opens new tab raising its annual profit target on Thursday. The French bank was among top gainers on the index, advancing 7%. Standard Chartered (STAN.L), opens new tab reported a higher-than-expected rise in first-half pretax profit, while Spanish bank BBVA ( opens new tab reported a fall in second-quarter net profit. Energy giant Shell (SHEL.L), opens new tab gained 2.9% after the company beat profit expectations for the quarter and kept buybacks steady. Rival BP (BP.L), opens new tab rose marginally. Anheuser-Busch InBev ( opens new tab shed 10.2% after the beer giant reported a fall in volumes, dragged back by weak sales in China and Brazil. Blowout results from Microsoft (MSFT.O), opens new tab and Meta Platforms (META.O), opens new tab overnight are set to power Wall Street on Thursday, ahead of reports from Apple (AAPL.O), opens new tab and (AMZN.O), opens new tab.
Irish Times
6 days ago
- Business
- Irish Times
European shares close lower as investors eye EU-US trade talks
European shares closed lower on Friday, as investors assessed mixed corporate earnings while awaiting updates on a framework of an EU-US trade deal that officials said could be reached as early as this weekend. Investors navigated the peaks and troughs around a potential agreement between the two large economies after a busy week of trade discussions with the US culminated in deals with Japan, Indonesia, and the Philippines. The pan-European Stoxx 600 index dropped 0.6 per cent to session lows after US president Donald Trump said there was less chance of an agreement with the European Union (EU), but pared losses after EU diplomats reiterated that a deal of 15 per cent duties on European goods was still in the works. The index closed 0.2 per cent lower. Dublin READ MORE The Iseq All-Share index ended the session up just 0.03 per cent at 11,584.58. Banking stocks were in focus as investors positioned themselves in advance of interim results from the three players next week. AIB edged 0.1 per cent higher to €6.80, while Bank of Ireland rose 0.4 per cent to €12.61, and PTSB jumped 2.9 per cent to €2.11. Housebuilders were weaker, however, with Cairn off 0.2 per cent at €2.18 and Glenveagh falling 0.1 per cent to €1.86. Ryanair rose 0.8 per cent to €2.11 amid positive broker comment from Barclays, which reiterated its buy rating on the stock. London The UK's FTSE 100 closed 0.2 per cent lower but extended its winning streak to a fifth week, while investors assessed a mixed bag of corporate earnings and eyed the EU-US trade talks. The benchmark registered a weekly gain of 1.4 per cent. Construction and materials stocks led the sectoral decline, falling 1.8 per cent, dragged down by Marshalls, which tumbled 20.6 per cent, on downbeat full-year adjusted pre-tax profit forecast. In corporate updates, NatWest rose 3.5 per cent after the lender said its profit increased by 18 per cent in the first half and the company announced a new share buyback worth £750 million (€858 billion). Wizz Air jumped 11.5 per cent after Barclays upgraded the budget carrier to the equivalent of a buy. Close Brothers surged 4.9% per cent after announcing the sale of its execution services and securities business, Winterflood, £103.9 million. Europe Puma was the biggest percentage loser on the benchmark index, falling 16 per cent, its largest daily drop in more than four months. The sportswear brand cut its full-year outlook and reported weaker-than-expected quarterly results. LVMH gained 3.9 per cent after the French luxury group reported quarterly results, with analysts pointing to hopes on the horizon as the group said it saw signs of recovery in the Chinese market. The broader luxury index rose 1.8 per cent and was the top sectoral performer. Automobile stocks gained 1.4 per cent, boosted by Volkswagen's 4.6 per cent rise after the CEO of Europe's biggest carmaker said cost cuts must be accelerated in response to tariffs. Earlier in the session, shares took a hit on the company's slashed full-year sales and profit margin forecasts. Carrefour gained 5.5 per cent after Europe's biggest food retailer reported its half-year results. New York Wall Street and the dollar were firmer in early afternoon trading as investors girded themselves for the week ahead, which includes a Federal Reserve policy meeting, crucial corporate results and Mr Trump's August 1 deadline for negotiating trade deals. Gold lost some shine, pressured by the dollar as healthy risk appetites lured investors away from the safe-haven metal. More than a third of the companies in the S&P 500 have posted results, 80 per cent of which have beaten estimates, according to LSEG data. Four members of the Magnificent 7 group of Artificial Intelligence-related megacap stocks – Amazon, Apple, Meta and Microsoft are on next week's earnings docket, and market participants will scrutinise the companies' conference calls for signs that AI expenditures are beginning to pay off and whether tariff-related uncertainties continue to weigh on forward guidance. – Additional reporting, Reuters
Reuters
24-07-2025
- Business
- Reuters
European shares hit 6-week high on US trade deal optimism, earnings boost
July 24 (Reuters) - European shares scaled a six-week high on Thursday, helped by upbeat results from the likes of Deutsche Bank and BNP Paribas, and optimism surrounding the EU-U.S. trade agreement, ahead of a European Central Bank meeting. The pan-European STOXX 600 index (.STOXX), opens new tab gained 0.5% by 0817 GMT after hitting its highest since June 11 in early trading. Most regional bourses were in the green, with Germany's blue-chip DAX (.GDAXI), opens new tab adding 0.9% and the UK's FTSE 100 (.FTSE), opens new tab advancing 0.6% to an all-time peak, on pace for a sixth straight session of gains. In a busy day for corporate results, banks were in a bright spot after second-quarter profit beat from Deutsche Bank ( opens new tab and BNP Paribas ( opens new tab. The German lender Deutsche Bank climbed 5.8%, while French bank BNP Paribas added 2.8%. The eurozone banks index (.SX7E), opens new tab rose to its highest since 2008, aided by a rise in government bond yields. The anticipated trade deal between the U.S. and European Union would impose a broad 15% tariff on imports from the bloc, avoiding a harsher 30% levy planned from August 1, two EU diplomats said on Wednesday. "15% is a good number ... this would imply a meaningless price increase for companies which are exporting to the U.S. This could be totally manageable for the whole supply chain in different industrial sectors and clearly could be potentially also absorbed by the final customers," said Simone Ragazzi, portfolio manager at Algebris Investments. The move would follow Japan's trade deal with the U.S. that lowered auto tariffs and sent automobile shares soaring on Wednesday. Cooling trade tensions have lifted the STOXX 600 about 19% from its lows in April after U.S. President Donald Trump slapped steep tariffs on its trading partners. The index still remains about 2% away from its March historic high. Roche (ROG.S), opens new tab gained 0.8% after the Swiss drugmaker reported better-than-expected first-half operating profit, while Deutsche Telekom rose 3% after its U.S. subsidiary T-Mobile posted strong second-quarter . Both were among the major boosts to the benchmark STOXX 600. Meanwhile, Nestle (NESN.S), opens new tab dropped 3.4% after the Swiss consumer major announced a strategic review of its vitamins business and posted first-half results. Chipmaker STMicro ( opens new tab slumped 10.5% after its first quarterly loss in more than a decade, in contrast to other tech titans Alphabet (GOOGL.O), opens new tab and SK beating earnings expectations. Adding to the upbeat mood, a latest survey showed euro zone business activity accelerated faster than forecast this month, supported by a solid improvement in the bloc's dominant services industry and with manufacturing showing further signs of recovery. Later in the day, focus will shift to the ECB, which is widely expected to keep rates steady at 2% after seven consecutive cuts.
