Dow Jones-the European stock exchanges started with small taxes on Wednesday. The main event only takes place in the evening with the Fed decision. Until then, the markets focus on the flood of quarterly figures from the reporting season. For this purpose, the first data on the US labor market with the ADP data is submitted. GDP publications are also pending for the second quarter. The DAX loses 0.2 percent to 42,171 points, the Euro Stoxx-50 also gives up 0.2 percent. At the foreign exchange market, the euro notes little changed with $ 1.1564.
With a view to the Fed decision in the evening, the US Federal Reserve will be expected to confirm the interest rate level. However, it is not excluded that Fed governor Christopher Waller and the boss for banking supervision Michelle Bowman – both appointed by US President Donald Trump – supported an interest rate reduction. This makes a split within the Fed, which increased the pressure on Fed Chairman Jerome Powell.
The trade talks between the USA and China are also being followed. According to media reports, both countries could extend the deadline for ongoing trade talks by 90 days in August. However, US Finance Minister Scott Bessent has made it clear that a decision in this regard had not been made and that it was at the discretion of US President Donald Trump.
With the individual values, the reporting period makes the courses to a large extent. According to business figures, Adidas falls back by 7.3 percent. The focus is on the view. Adidas only confirmed the forecast for the year 2025, which reflects the uncertainties due to US tariffs and macroeconomic risks, according to Baader. This could lead to a certain disappointment, since the market has expected an increase in the forecast and already expected 2.0 billion euros.
BASF (+1.1%) has submitted second quartals as part of expectations. According to Morgan Stanley, EBITDA corresponds to expectations. The free cash flow is somewhat above the estimates, which, according to the analysts, is due to lower investment activity. The new goal for the EBITDA against special effects between 7.3 and 7.7 billion euros is somewhat below the consensus expectation of 7.6 billion.
According to the number ID and a reduced outlook, Symrise falls back 5.9 percent. The company has grown organically by 3.1 percent in the first half of the year and has adapted the growth target for 2025 to the sunken market expectations. The fragrance and aroma manufacturer now expects organic sales growth between 3 and 5 percent instead of 5 to 7 percent as before.
There is talk of mixed business figures with a view to Porsche (+1.6%). The sales as well as the cash flow were somewhat better, but the margin is a bit below the estimates, it says in the trade. The margin target reduced to 5 to 7 percent for the year as a whole should not be a problem for the share, since the market consensus is already 6 percent, it is said.
Mercedes-Benz, on the other hand, fall back by 1.6 percent according to the number template. According to Raiffeisen, the customs hammer of US President Donald Trump is now also expressing itself in the business figures. The second quartals show that customs surcharges could not be passed on to US customers. This presses the margins. The luxury division, which has been so successful in previous years. On the one hand, business figures and outlook sound sobering, on the other hand, hardly anyone should surprise this on the market, the analysts judge.
Kering gain 3 percent according to the number ID on the Paris stock exchange. The first analysts like from Bernstein describe the first half of the year only as a marginally worse than expected. In addition, the operational profit is 4 percent higher than the consensus, thanks to a higher margin.
The UBS (+1%) business figures are better than expected. While the income had made exactly the expectations, the bank’s profitability in the second quarter surprise. For Santander, on the other hand, the number template is 2.2 percent down, for the HSBC share by 4.2 percent.
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last +/- % absolutely + /- % ytd
Euro -stoxx -50 5,370.33 -0.2% -8.87 +9.9%
Stoxx -50 4,500.41 -0.3% -15.44 +4.8%
DAX 24,170.92 -0.2% -46.45 +21.6%
MDAX 31.024.89 -0.5% -149.87 +21.8%
TECDAX 3,902.73 +0.3% 11.83 +13.9%
SDAX 17,721.87 -0.3% -56.00 +29.7%
CAC 7,862.69 +0.1% 5.33 +6.5%
SMI 11,957.37 -0.0% -1.54 +3.1%
ATX 4,582.21 +0.2% 9.51 +24.8%
Last +/- % 0:00 Tue, 17:55 % YTD
EUR/USD 1.1554 +0.1% 1.1548 1.1533 +11.5%
EUR/JPY 171.03 -0.3% 171.47 171.37 +5.2%
EUR/CHF 0.9301 -0.0% 0.9305 0.9308 -0.9%
EUR/GBP 0.8647 -0.0% 0.8651 0.8645 +4.5%
USD/JPY 148.03 -0.3% 148.47 148.59 -5.6%
GBP/USD 1.3362 +0.1% 1.3351 1.3341 +6.7%
USD/CNY 7.1559 +0.1% 7.1480 7.1553 -0.8%
USD/CNH 7.1822 +0.0% 7.1804 7.1817 -2.1%
From/USD 0.6503 -0.1% 0.6513 0.6508 +5.2%
Bitcoin/USD 118,182.85 +0.5% 117,620.90 117,505.75 +24.1%
Row oil last VT-Settlem. +/- % +/- USD % YTD
WTI/Nymex 69.61 69.21 +0.6% 0.40 -3.3%
Brent/ICE 73.01 72.51 +0.7% 0.50 -3.8%
Metals last the last day +/- % +/- USD % YTD
Gold 3,329.28 3,324.38 +0.1% 4.90 +26.8%
Silver 32.95 33.10 -0.5% -0.15 +18.4%
Platin 1,200.80 1,211.49 -0.9% -10.69 +38.3%
Copper 5.60 5.60 0% 0.00 +42.6%
YTD based on the final score of the previous day
(Information provided without guarantee)
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(End) Dow Jones Newswires
July 30, 2025 03:55 ET (07:55 GMT)