Dow Jones-the European stock markets tend to be claimed on Wednesday. After a start in the minus, the DAX lists 0.4 percent on a plus at 24,150 points, the Euro Stoxx-50 is justified for 5,347 points. The DAX is surprisingly good. It is supported by some heavyweights: Munich Re, Deutsche Telekom as well as SAP, write down better than the overall market.
The reporting season sets an accent early on, with sometimes negative surprises. Renault crashes by 17.5 percent, Fuchs by 11.6 and technology giant ASML by 6.4 percent. Here it quickly becomes clear that failed expectations are sold quickly and massively, which should also be observed over the coming days. If, on the other hand, the expectation is reached or easily exceeded, this development has already been priced in the course – stock hardly react here.
However, there are hardly any new impulses from the environment: the euro attaches just over $ 1.16 at the lower level, bonds tend to be a little lighter after expectation of unusual inflation data from Great Britain. Here it is assumed that the Bank of England Interest rate now should act a little more hesitantly. In the afternoon, impulses are likely to emerge from the US producer prices and the US industrial production. The US producer prices may have slightly increased after the declining development at the beginning of the year. Against this background, according to the Helaba interest rates, the US Federal Reserve is not under pressure to quickly reduce interest rates. The situation is different, US President Donald Trump, who asked the FED again the previous day after the moderately increased US consumer prices the previous day to reduce interest rates immediately because inflation was low. In Finance Minister Bessent, he sees an option for the successor of Fed boss Powell.
Renault’s profit warning bad signal for sector
After a disappointing first half of the year, Renault reduced the margin view for the current year. The margin forecast for the year as a whole was reduced from over 7 to 6.5 percent, which, according to Jefferies analysts, means a reduction of 8 percent. In addition, the cash flow forecast was significantly taken down. Renault justified this with a low than expected volume, the pressure of trade due to the declining retail market and the weak performance of the light commercial vehicles in an already weak market. Renault is one of the most dependent on Europe, and the company’s statements covered the signs of a weakening of European demand. For the sector of the European automobile manufacturers, it is 1 percent down.
At ASML, too, the view is classified as disappointing. “The numbers for the second quarter are slightly above expectations,” said a market participant. “But the outlook disappointed,” he says. ASML now only expects sales of 7.4 to 7.9 billion euros for the third quarter. “This is significantly below the consensus forecast of 8.2 billion,” said the dealer. In addition, ASML is now also questioning the growth perspectives for the coming year. For the sector of the European technology values, it goes down by 0.6 percent.
Fuchs are also under pressure after a winning warning. The company now only expects sales and an EBIT to the previous year’s level, i.e. with 3.53 billion euros or 434 million euros. According to Fuchs, the consensus of the analysts for 2025 for sales is 3.66 billion euros and for EBIT 459 million euros. “This enables Fuchs to follow the warnings of BASF, Brenntag or K+S,” said a market participant. “Because of the weak economy, the warnings from the cyclical area such as chemistry are not unexpected, and Fuchs will not have been the last one,” he says.
Richemont, on the other hand, easily add and write down 1.1 percent. “The numbers are good,” says a dealer. The sales rose by 6 percent on a comparable basis. That was not expected.
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last +/- % absolutely +/- % ytd
Euro -stoxx -50 5,346.70 -0.1% -7.47 +9.4%
Stoxx -50 4,502.88 -0.0% -0.15 +4.5%
DAX 24,149.75 +0.4% 89.46 +20.9%
MDAX 30,969.41 -0.4% -116.84 +21.5%
TECDAX 3,918.59 +0.4% 15.89 +14.2%
SDAX 18.010.28 +0.3% 54.48 +31.0%
CAC 7.771.68 +0.1% 5.47 +5.2%
SMI 11,946.93 +0.4% 45.61 +2.6%
ATX 4,470.57 +0.3% 11.34 +21.7%
Foreigners last +/- % 0:00 Tue, 5:30 p.m. % YTD
EUR/USD 1.1611 +0.1% 1.1601 1.1610 +12.0%
EUR/JPY 172.70 +0.0% 172.67 172.92 +6.0%
EUR/CHF 0.9316 +0.2% 0.9300 0.9306 -0.9%
EUR/GBP 0.8664 -0.0% 0.8668 0.8668 +4.7%
USD/JPY 148.73 -0.1% 148.85 148.95 -5.3%
GBP/USD 1.3402 +0.1% 1.3385 1.3394 +7.0%
USD/CNY 7.1554 +0.0% 7.1545 7.1573 -0.8%
USD/CNH 7.1837 -0.0% 7.1844 7.1863 -2.1%
From/USD 0.6519 +0.1% 0.6513 0.6514 +5.3%
Bitcoin/USD 118,846.25 +1.1% 117,573.05 116,357.20 +24.1%
Rohoel last VT-Settlem. +/- % +/- USD % YTD
WTI/Nymex 65.92 66.52 -0.9% -0.60 -7.4%
Brent/ICE 68.18 68.71 -0.8% -0.53 -8.1%
Metals last the last day +/- % +/- USD % YTD
Gold 3,336.09 322.65 +0.4% 13.44 +26.6%
Silver 32.67 32.52 +0.5% 0.15 +16.6%
Platin 1,199.91 1,186.10 +1.2% 13.81 +35.4%
Copper 5.49 5.55 -0.9% -0.05 +35.2%
YTD based on the final score of the previous day
(Information provided without guarantee)
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DJG/THL/CLN
(End) Dow Jones Newswires
July 16, 2025 07:40 ET (11:40 GMT)