Europe ends in red after a salvo of indicators and results

PARIS (Reuters) – European scholarships finished decreasing a sawtooth session on Thursday marked by numerous indicators. Nevertheless, corporate publications, while Wall Street was in dispersed order at midday, the technological compartment offering support to S&P 500 and NASDAQ with the results of META and Microsoft. Furthermore,

In Paris, the CAC 40 ended with a loss of 1.14% to 7,771.97 points. Similarly, The British Footsie fell 0.05% and the German Dax reflected by 0.73%. Meanwhile,

The Eurostoxx 50 index lost 1.26%, the FTSEUROFIRST 300 0.77%and the STOXX 600 0.71%.

Over the whole month, the Stoxx 600, however, took 0.92% and the CAC 40 1.38%.

At the time of the fence in Europe, the Dow Jones fell 0.25%, while the Standard & Poor’s 500 advances 0.21%and the Nasdaq by 0.56%.

Microsoft, up 4.69%. Similarly, crossed the 4,000 billion dollars in stock europe ends red after salvo market valuation, after announcing record forecasts of $ 30 billion for the current quarter and reports higher than expectations for its Azure Cloud Computing activity. For example, Meta Platforms flies 11.21% after having communicated a turnover forecast for the current quarter much higher than the expectations of Wall Street. Consequently, thanks to the AI which has strengthened its advertising activity. For example, NVIDIA, the world’s leading capitalization, takes more than 1%, while the index of new technologies (+0.59%) and that of communication services (+2.25%) hit records.

In Europe. the positive results of Safran and Rolls-Royce have for a while supported the trend, notably with a gain from the defense compartment. The European stock market indices. however, ended in the red, carried away by the context of caution linked to the deadline of Friday fixed by the American president, Donald Trump, for negotiations on customs duties.

According to officials. diplomats of europe ends red after salvo the European Union, the wines and spirits of the block will be subject to customs duties of 15% in the United States on Friday until an agreement is possibly concluded within the framework of negotiations which should continue in the fall. The European drinks and food sector ended up 2.28%.

Donald Trump also said it was difficult to conclude a trade agreement with Canada after Ottawa announced his decision. to recognize Palestine’s state.

Values in Europe

Safran increased by 3.10% after having noted its profit forecast for the whole year, while Rolls-Royce won 8.50% with the increase in its annual operating profit. available cash flow, the two titles affecting the historic summits in session.

Société Générale advanced 6.87% in favor of the rebound in the retail bank in France in the second quarter. the recovery of its annual objectives.

Crédit Agricole fell 1.55% despite quarterly results greater than analysts’ expectations. europe ends red after salvo

Scor abandoned 2.58% against a background of uncertainty around arbitration with Covéa.

Sanofi dropped 7.81% after an operating profit of activities in the second quarter.

Bouygues plunged 7.26%, the turnover in the first half of which has disappointed, while the prospects were lowered for telecoms and Equans.

Accor has plummeted 9.59%, exchange rates being likely to impact the group’s annual benefit.

ArcelorMittal, which has revised its 2025 steel request objectives due to US customs duties, abandoned 2.58%.

BBVA jumped 7.96% and shell 1.19% thanks to the publication of their respective quarterly profits, brought out better than expected.

Anheuser-Busch Inbev dropped by 11.56% due to a drop in volumes in a context of low sales in China and Brazil.

The indicators of the day

Consumer prices in the United States accelerated in June, from 2.6% at an annual rate, above expectations, according to data published by the Commerce europe ends red after salvo Department.

Unemployment registrations increased in the United States last week to 218,000 after 217,000 the previous week, according to the Labor Department.

German inflation, calculated according to European standards (IPCH), slowed down more than expected in July, at 1.8% over a year, show the preliminary data of the Federal Statistics Office.

In France, the preliminary figure in consumer prices inflation, harmonized to European standards, stood at +0.9% in July, while production prices in France fell 0.2% in June.

The unemployment rate in Germany remained stable in July in the first economy in Europe, at 6.3%, while throughout the euro zone, it established 6.2%, a level also unchanged compared to June.

CHANGES

The dollar was heading for its first monthly gain on Thursday since the start of the year. supported by the confidence of investors in the resilience of the American economy. It should take around 3% against a basket of europe ends red after salvo reference currencies.

The euro bounces from a seven -week -old to 1.1431 dollars (+0.26%) but should lose almost 3% over the whole month.

The yen is treated at 150.57 for a dollar after the BOJ’s decision not to touch its guiding rates. Additionally,

The Sterling book appears at 1.3218 dollars (-0.14%) one week before the announcement of the Bank of England’s monetary decision (BOE).

RATE

The yield of American treasury bills at ten years fell from 3.8 base points to 4.3402%. after the inflation figures PCE in the United States and the day after the status quo on the rates decided by the American Federal Reserve (Fed).

That of the German Bund in the same maturity sold at the end 1.5 basic point, at 2.691%.

OIL

Donald Trump’s threat to resolve the conflict between Ukraine. Russia through new secondary customs duties and the surprise increase in American crude stocks europe ends red after salvo last week weigh on oil prices.

The Brent refuses 0.82% to $ 72.42 per barrel and the American light crude (West Texas Intermediate, WTI) declines 1.79% to 68.74 dollars.

(Written by Claude Chendjou, edited by Kate Entringer)

by Claude Chendjou