European stock markets are expected to open higher

(ABM FN-DOW Jones) The European stock markets are facing a green opening on Monday. Nevertheless, after a trade agreement was reached between the US and the EU on Sunday.

The US will introduce a basic rate of 15 percent for goods from the EU. Furthermore, That rate also applies to European cars. Moreover, semiconductors and pharmaceutical products, said Von der Leyen in a press conference on Sunday evening.

There are also zero-for-zero rates for some “strategic” products. In addition, The rate remains 50 percent for steel and aluminum.

IG provides an opening profit of 241 points for the German Dax and a plus of 72 points for the French CAC 40. Consequently, The British FTSE seems to open 49 points higher.

The stock markets in Europe were mostly lowered on Friday. Moreover, while investors processed a stream of business figures and waited for european stock markets expected open white smoke around a trading deal between the United States and the European Union.

On a weekly basis. Therefore, the German Dax handed in up to half a percent, while the Stoxx Europe 600 managed to stay in the green.

The consensus remains positive about European versus global shares. Meanwhile, but Bank of America is sticking to neutral advice, especially because the macro-economic expectations suggest little up-up potential.

The figure season is weaker in Europe than in the US. However, analysts from the American bank further concluded in a report. Nevertheless, the profits have risen by 8 percent for the time being. Therefore, “And that is more than the 2 percent that was expected.”

On a macroeconomic level. However, it turned out on Friday that the French consumer confidence improved in July, while German entrepreneurial confidence, as measured by the IFO Institute, showed recovery.

The composite index amounted to 88.6, european stock markets expected open while an increase to 89.0 was taken into account. Meanwhile, In June the IFO index recorded at 88.4.

Furthermore, British retail sales rose by 0.9 percent in June, after a decrease of 2.8 percent in May.

Risers and fallers

In Frankfurt the car builders did good business. Therefore, Volkswagen took the lead in the Dax with a profit of 4.6 percent despite a profit warning. However, The car manufacturer is now based on an operational margin of 4 to 5 percent, while at least 5.5 percent were previously aimed. The second largest car manufacturer in the world pointed to, among other things, the impact of American import duties.

Mercedes-Benz, BMW and Porsche rose between 2.6 and 3.7 percent, probably hoping for a fast trading deal between the EU and US.

Sneaker manufacturer Puma fell by 16 percent now that the company no longer expected a profit in 2025.

In Paris, european stock markets expected open Carrefour took the lead with a win of 5.5 percent. This after the supermarket chain was able to submit a sales growth of 4.4 percent for the second quarter. However, the rise in price was mainly due to the possible sale of the loss -making Italian activities to NewPrinces.

LVMH rose by 3.9 percent, despite the disappointing results on Thursday after fair. However, analysts think that the worst possible is over for the maker of luxury products.

Sector -sized Kering won 4.4 percent.

Renault and Stellantis won 2 and 3 percent in the CAC 40. Remy Cointreau rose by 8.1 percent after figures and a partial outlook increase. Michelin handed in 3.4 percent.

European semiconductor shares. which had a difficult week, in response to a fall in price of Intel, which reported a surprising loss in the past quarter.

In Amsterdam, ASML, ASMI and Besi lost around 2 to almost european stock markets expected open 8 percent. Melexis lost 1.8 percent in Brussels and Stmicroelectronics fell by 1.1 percent in Paris. Infineon remained green on Friday.

Euro STOXX 50 5,352.16 (-0.1%)

STOXX Europe 600        549,95 (-0,3%)

DAX                        24.217,50 (-0,3%)

CAC 40                     7.834,58 (+0,2%)

FTSE 100                  9.102,31 (-0,2%)

SMI                         11.955,73 (-0,8%)

AEX 905.37 (-0.9%)

BEL 20                      4.609,47 (-0,2%)

FTSE MIB                 40.726,26 (+0,3%)

IBEX 35                   14.237. 30 (-0,1%)

US shares

Wall Street will face a green opening on Monday, after the S&P 500 and Nasdaq ended again on Friday with european stock markets expected open records, while the Dow just under 45,000 points closed.

The ‘All Time Highs’ are mainly supported by a strong profit season so far. Almost 83 percent of the 155 S&P 500 companies that already came with their quarterly figures managed to beat the analyst expectations.

“However, companies that were left behind were hit hard and lost 4.7 percent compared to the market,” said investment strategist Frank Vranken of Bank Edmond de Rothschild.

Furthermore. Trump was satisfied on Friday with the meeting on Thursday with Federal Reserve chairman Jerome Powell in the new headquarters of the Fed. The president is confident that the central bank will lower interest rates.

Vranken, however, called the meeting a spectacle and above all “very creepy” for Powell.

“Powell is under enormous pressure and one may wonder how much a person can tolerate. Having said that. it still seems quite unlikely that Powell would be european stock markets expected open dismissed for the sake of high renovation costs,” said Vranken, but the uncertainty about the independence of the FED remains, according to the investment strategist Edmond de Rothschild.

The US Central Bank announced the interest rate decision next Wednesday, whereby an enforcement of interest is expected.

On a macroeconomic level. it was announced on Friday that the American orders for sustainable goods fell sharply in June, after an increase in May. The orders for sustainable goods fell by 9.3 percent in June. The market took into account a decrease of more than 11 percent.

A barrel WTI became more than one percent cheaper. Oil prices also fell on a weekly basis.

Company news

Intel handed in 8.5 percent on Friday, after a loss was recorded in the past quarter. The turnover was better than expected.

Tesla won 3.5 percent. after a decrease of more than 8 percent on Thursday, european stock markets expected open in response to the disappointing quarterly figures that were announced on Wednesday evening.

Zorgverzekeraar Centene also reported a loss in the past quarter. that was for the first time in more than ten years. Initially the share was under pressure. but investors reacted relieved when the company announced that the worst was almost over and a new Outlook was presented. The share won more than 6 percent.

Newmont rose almost 7 percent after the company managed to exceed expectations. The gold company benefited from the gold price sustained. Newmont also announced a share purchasing program worth 3 billion dollars.

Paramount Global lost 1.6 percent, after the FCC on Thursday approved the merger of the entertainment company with Skydance Media worth 8 billion dollars. Paramount and Skydance are expected to complete their merger in the coming weeks, the Wall Street Journal reported.

Kabelaar Charter Communications lost more than 18 percent after european stock markets expected open releasing disappointing figures.

Edwards Lifesciences went 5.5 percent higher, after the results exceeded the expectations of analysts in the second quarter. The medtech company also increased the turnover outlook for the entire year.

Deckers Outdoor rose by more than 11 percent, after the retailer managed to beat the profit expectations.

Boston Beer, owner of the brands Samuel Adams and Truly, won 6.5 percent after the publication of profit figures for the second quarter. He exceeded the expectations of Wall Street. Boston Beer also announced that the impact of the import duties will be better than expected this year.

S&P 500 index 6.388,64 (+0,4%)

Dow Jones index 44.901,92 (+0,5%)

Nasdaq Composite 21.108,32 (+0,2%)

Azie

The Asian scholarships noted on Monday, but without very large price results. Now that an agreement has been reached between the US. the EU, it is waiting for the next step european stock markets expected open between the US and China.

Nikkei 225 41.032 (-1,0%)

Shanghai Composite     3.588  (-0,2%)

Hang zinc 25,490 (+0.4%)

Currency

The euro/dollar recorded this morning at 1,1748. On Friday evening the coin pair noted at 1,1745. Trump doesn’t seem to worry about a weak dollar. “A weak dollar yields a lot of money,” said the president on Friday.

USD/JPY Yen    147,74

EUR/USD Euro  1,1748

Eur/jpy yen 173.57

MACRO-AGENDA:

– No agenda items

Company news:

07:00 Heineken – Figures second quarter (NL)

09:00 ASML – Ex-dividend

Copyright: ABM Financial News / info@abmfn.nl

ABM Financial News is the supplier of Beursnieuws in the Benelux. The information in this article is not intended as professional investment advice or as a recommendation to make certain investments.