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Economic Times
19-07-2025
- Business
- Economic Times
European shares end flat as markets assess earnings flurry
European shares were unchanged on Friday, as losses in heavyweight healthcare shares were countered by an advance in oil and gas stocks, closing out a busy week filled with corporate earnings from around the continent. ADVERTISEMENT The pan-European STOXX 600 index held steady at 547 points, clocking marginal weekly losses. Regional bourses were mixed with Germany's benchmark DAX dropping 0.3%, while the UK's blue-chip FTSE 100 gained 0.2%. With corporate earnings gaining steam, investors are closely examining corporate guidance to see how firms are adjusting to the shifting U.S. tariff policy, ahead of the August 1 trade deadline. "Earnings misses in Europe are being punished by more than history would suggest, pointing to greater scrutiny after a remarkable rally year-to-date," said Laura Cooper, head of macro credit and investment strategist at Nuveen. "How corporates are navigating tariff uncertainty, potentially weaker demand, and supply chain dynamics will be in focus, though a message of past-peak tariff enthusiasm could prop up sentiment and drive greater upside." ADVERTISEMENT On Friday, Swedish mining equipment maker Epiroc dropped 9.2% after its second quarter results missed market expectations. Atlas Copco also fell 7.8% after the Swedish industrial group reported second-quarter adjusted operating profit below market expectations and a decline in orders. ADVERTISEMENT There were bright earnings as well, with Saab jumping 16.4% after posting higher-than-expected second-quarter earnings and raising its sales outlook. Getinge added 6% after the Swedish medical equipment maker reported second-quarter core earnings above market expectations. ADVERTISEMENT Industrials was the best performing STOXX sub-sector this week, while automobiles was the laggard this week. On Friday, healthcare stocks were the top losers with British drugmaker GSK down 4.6% after a U.S. FDA advisory panel recommended against approving its blood cancer drug Blenrep due to concerns over side effects. ADVERTISEMENT Helping offset some losses, oil and gas shares added 0.6% and food and beverages advanced 0.8%. Among other moving stocks, Danish wind turbine maker Vestas jumped 15% after J.P. Morgan upgraded its rating to "overweight" from "neutral". Iveco climbed 8.3% after a Reuters report that Italy's Agnelli family is in talks over the possible sale of the truck maker with two mentioning Tata Motors as a potential buyer. Swedish home appliances maker Electrolux slumped 14.3% after poor second-quarter performance in Europe and India's Reliance Industries said its retail unit acquired home appliance maker Kelvinator from Electrolux. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
19-07-2025
- Business
- Time of India
European shares end flat as markets assess earnings flurry
European shares were unchanged on Friday, as losses in heavyweight healthcare shares were countered by an advance in oil and gas stocks , closing out a busy week filled with corporate earnings from around the continent. The pan-European STOXX 600 index held steady at 547 points, clocking marginal weekly losses. Explore courses from Top Institutes in Select a Course Category PGDM Healthcare Public Policy Product Management Technology Data Science Design Thinking Management MCA Degree MBA Digital Marketing Data Analytics Project Management Operations Management CXO Cybersecurity healthcare Others others Artificial Intelligence Finance Leadership Data Science Skills you'll gain: Financial Analysis & Decision Making Quantitative & Analytical Skills Organizational Management & Leadership Innovation & Entrepreneurship Duration: 24 Months IMI Delhi Post Graduate Diploma in Management (Online) Starts on Sep 1, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Experts Warn If You See This Bug In Your Yard, Do This Quickly Undo Regional bourses were mixed with Germany's benchmark DAX dropping 0.3%, while the UK's blue-chip FTSE 100 gained 0.2%. With corporate earnings gaining steam, investors are closely examining corporate guidance to see how firms are adjusting to the shifting U.S. tariff policy , ahead of the August 1 trade deadline. "Earnings misses in Europe are being punished by more than history would suggest, pointing to greater scrutiny after a remarkable rally year-to-date," said Laura Cooper, head of macro credit and investment strategist at Nuveen. Live Events "How corporates are navigating tariff uncertainty, potentially weaker demand, and supply chain dynamics will be in focus, though a message of past-peak tariff enthusiasm could prop up sentiment and drive greater upside." On Friday, Swedish mining equipment maker Epiroc dropped 9.2% after its second quarter results missed market expectations. Atlas Copco also fell 7.8% after the Swedish industrial group reported second-quarter adjusted operating profit below market expectations and a decline in orders. There were bright earnings as well, with Saab jumping 16.4% after posting higher-than-expected second-quarter earnings and raising its sales outlook. Getinge added 6% after the Swedish medical equipment maker reported second-quarter core earnings above market expectations. Industrials was the best performing STOXX sub-sector this week, while automobiles was the laggard this week. On Friday, healthcare stocks were the top losers with British drugmaker GSK down 4.6% after a U.S. FDA advisory panel recommended against approving its blood cancer drug Blenrep due to concerns over side effects. Helping offset some losses, oil and gas shares added 0.6% and food and beverages advanced 0.8%. Among other moving stocks, Danish wind turbine maker Vestas jumped 15% after J.P. Morgan upgraded its rating to "overweight" from "neutral". Iveco climbed 8.3% after a Reuters report that Italy's Agnelli family is in talks over the possible sale of the truck maker with two mentioning Tata Motors as a potential buyer. Swedish home appliances maker Electrolux slumped 14.3% after poor second-quarter performance in Europe and India's Reliance Industries said its retail unit acquired home appliance maker Kelvinator from Electrolux.
Business Recorder
19-07-2025
- Business
- Business Recorder
European shares end flat as markets assess earnings flurry
FRANKFURT: European shares were unchanged on Friday, as losses in heavyweight healthcare shares were countered by an advance in oil and gas stocks, closing out a busy week filled with corporate earnings from around the continent. The pan-European STOXX 600 index held steady at 547 points, clocking marginal weekly losses. Regional bourses were mixed with Germany's benchmark DAX dropping 0.3%, while the UK's blue-chip FTSE 100 gained 0.2%. With corporate earnings gaining steam, investors are closely examining corporate guidance to see how firms are adjusting to the shifting US tariff policy, ahead of the August 1 trade deadline. 'Earnings misses in Europe are being punished by more than history would suggest, pointing to greater scrutiny after a remarkable rally year-to-date,' said Laura Cooper, head of macro credit and investment strategist at Nuveen. 'How corporates are navigating tariff uncertainty, potentially weaker demand, and supply chain dynamics will be in focus, though a message of past-peak tariff enthusiasm could prop up sentiment and drive greater upside.' On Friday, Swedish mining equipment maker Epiroc dropped 9.2% after its second quarter results missed market expectations. Atlas Copco also fell 7.8% after the Swedish industrial group reported second-quarter adjusted operating profit below market expectations and a decline in orders. There were bright earnings as well, with Saab jumping 16.4% after posting higher-than-expected second-quarter earnings and raising its sales outlook. Getinge added 6% after the Swedish medical equipment maker reported second-quarter core earnings above market expectations. Industrials was the best performing STOXX sub-sector this week, while automobiles was the laggard this week. On Friday, healthcare stocks were the top losers with British drugmaker GSK down 4.6% after a US FDA advisory panel recommended against approving its blood cancer drug Blenrep due to concerns over side effects. Helping offset some losses, oil and gas shares added 0.6% and food and beverages advanced 0.8%. Among other moving stocks, Danish wind turbine maker Vestas jumped 15% after J.P. Morgan upgraded its rating to 'overweight' from 'neutral'. Iveco climbed 8.3% after a Reuters report that Italy's Agnelli family is in talks over the possible sale of the truck maker with two mentioning Tata Motors as a potential buyer. Swedish home appliances maker Electrolux slumped 14.3% after poor second-quarter performance in Europe and India's Reliance Industries said its retail unit acquired home appliance maker Kelvinator from Electrolux.
Business Times
18-07-2025
- Business
- Business Times
Europe: Shares end flat as markets assess earnings flurry
EUROPEAN shares were unchanged on Friday, as losses in heavyweight healthcare shares were countered by an advance in oil and gas stocks, closing out a busy week filled with corporate earnings from around the continent. The pan-European Stoxx 600 index held steady at 547 points, clocking marginal weekly losses. Regional bourses were mixed with Germany's benchmark DAX dropping 0.3 per cent, while the UK's blue-chip FTSE 100 gained 0.2 per cent. With corporate earnings gaining steam, investors are closely examining corporate guidance to see how firms are adjusting to the shifting US tariff policy, ahead of the Aug 1 trade deadline. 'Earnings misses in Europe are being punished by more than history would suggest, pointing to greater scrutiny after a remarkable rally year-to-date,' said Laura Cooper, head of macro credit and investment strategist at Nuveen. 'How corporates are navigating tariff uncertainty, potentially weaker demand, and supply chain dynamics will be in focus, though a message of past-peak tariff enthusiasm could prop up sentiment and drive greater upside.' BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up On Friday, Swedish mining equipment maker Epiroc dropped 9.2 per cent after its second quarter results missed market expectations. Atlas Copco also fell 7.8 per cent after the Swedish industrial group reported second-quarter adjusted operating profit below market expectations and a decline in orders. There were bright earnings as well, with Saab jumping 16.4 per cent after posting higher-than-expected second-quarter earnings and raising its sales outlook. Getinge added 6 per cent after the Swedish medical equipment maker reported second-quarter core earnings above market expectations. Industrials was the best performing Stoxx sub-sector this week, while automobiles was the laggard this week. On Friday, healthcare stocks were the top losers with British drugmaker GSK down 4.6 per cent after a US FDA advisory panel recommended against approving its blood cancer drug Blenrep due to concerns over side effects. Helping offset some losses, oil and gas shares added 0.6 per cent and food and beverages advanced 0.8 per cent. Among other moving stocks, Danish wind turbine maker Vestas jumped 15 per cent after JPMorgan upgraded its rating to 'overweight' from 'neutral'. Iveco climbed 8.3 per cent after a Reuters report that Italy's Agnelli family is in talks over the possible sale of the truck maker with two mentioning Tata Motors as a potential buyer. Swedish home appliances maker Electrolux slumped 14.3 per cent after poor second-quarter performance in Europe and India's Reliance Industries said its retail unit acquired home appliance maker Kelvinator from Electrolux. REUTERS
Business Recorder
11-06-2025
- Business
- Business Recorder
Wall St muted as investors track progress of US-China trade talks
NEW YORK: Wall Street's main indexes were subdued in volatile trading on Tuesday as investors awaited a breakthrough in the ongoing US-China trade talks aimed at defusing a tariff dispute that has roiled global markets this year. Investors hoped for improved ties after relief from a preliminary deal struck last month was overshadowed by Washington's allegations that Beijing was blocking exports of rare earth minerals critical to the aerospace, semiconductor and defense sectors. 'Markets are taking a more upbeat tone on hints that we are starting to see some signs of progress,' said Laura Cooper, head of macro credit and investment strategist at Nuveen. 'This is just going to underpin more choppy price action because there's a lack of clarity on what an actual deal could be.' At 11:39 a.m. ET the Dow Jones Industrial Average rose 6.91 points, or 0.02%, to 42,768.67, the S&P 500 gained 5.96 points, or 0.10%, to 6,011.84 and the Nasdaq Composite lost 8.49 points, or 0.04%, to 19,582.75. Seven of the 11 major S&P 500 sub-sectors rose, led by a 1.9% gain in energy, tracking strength in oil prices. Communication services stocks added 0.8%. US equities rallied sharply in May, with the S&P 500 index and the tech-heavy Nasdaq marking their best monthly gains since November 2023, helped by upbeat earnings reports and a softening in President Donald Trump's harsh trade stance. The S&P 500 is about 2% below all-time highs touched in February, while the Nasdaq is about 2.6% away from the record peaks it reached in December. Investors are awaiting US consumer prices data on Wednesday for clues on the Federal Reserve's rate trajectory. The World Bank slashed its global growth forecast for 2025 by 0.4 percentage point to 2.3%, saying higher tariffs and heightened uncertainty posed a 'significant headwind' for nearly all economies. Most megacap and growth stocks were mixed. Tesla shares advanced 3.6%. Insmed shares jumped 27% after the drugmaker said its experimental drug significantly reduced blood pressure in the lungs and improved exercise capacity in patients in a mid-stage study. Jif peanut butter maker J.M. Smucker's shares were set for their worst day on record after it forecast annual profit below estimates. The company's shares were last down 12.3%. Advancing issues outnumbered decliners by a 1.91-to-1 ratio on the NYSE and by a 1.47-to-1 ratio on the Nasdaq. The S&P 500 posted eight new 52-week highs and two new lows, while the Nasdaq Composite recorded 59 new highs and 35 new lows.
