European markets have opened up “penalized by uncertainties linked to American tariff policies and to the calendar of rate reduction of the Federal Reserve (Fed),” said John Plassard in his morning note for Cité Gestion. “The publication of inflation figures in the United States has rekindled the doubts of investors about a rapid action by Jerome Powell on guiding rates.”
The Paris Stock Exchange released 0.38%, Frankfurt released 0.29%, Milan 0.20%, while London oscillated around balance (-0.05%).
The New York Stock Exchange finished in dispersed order. The Nasdaq index, which took advantage of the climb of Nvidia, won 0.18% reaching a new record at 20,677.80 points. The enlarged S&P 500 index lost 0.40% and the Dow Jones fell 0.98%.
US President Donald Trump announced on Tuesday on his Truth Social network to have come to a trade agreement with Indonesia, which could allow the country of Southeast Asia to avoid being imposed on customs duties beyond the 10% floor imposed by Washington.
In the United Kingdom, inflation increased at 3.6% in June, compared to 3.4% in May. A figure greater than analysts’ expectations, the National Statistics Office (ONS) announced on Wednesday.
Around 10:30 am, the SMI star index advanced 0.14% to 11,916.43 points, the SLI also from 0.16% to 1972.63 points, and the SPI from 0.18% to 16,628.84 points. The thirty -one star values were almost fairly shared between green and red.
First place was still returning to Partners Group (+5.1%). The specialist in investment in private markets, saw his mass under management (AUM) settled at 174 billion dollars in the first half of a year.
The luxury giant Richemont (+1.0%) continued to progress in the first quarter of its staggered 2025/26 fiscal year, closed at the end of June, with a turnover of 5.4 billion euros (5 billion francs), up 3%.
Regarding the three heavy goods vehicles, the good rock advanced by 0.3%, nestlé by 0.2%, while Novartis fell 0.9%.
Sika (-1.1%) displayed the highest drop, with Holcim (-0.8%).
On the enlarged market, Belimo (+4.0%) benefited from an increase in course objectives by Berenberg. And, VAT (-1.9%) indirectly suffered from the figures of the ASML technological giant which announced on Wednesday an increase in its net profit in the second quarter, while expressing its uncertainty about its growth in 2026. (AWP)
