Markets Europe/somewhat easier – Orsted collapse after a capital increase

Dow Jones-the European stock market started the new week with losses. The investors were back in the face of the grace period for China, which expired on Tuesday. The majority, however, are expected that both sides will agree on an extension and will negotiate. While China comes to the USA from China to loosen the restrictions on US chip exports, the Trump government with the chip manufacturers Nvidia and AMD seems to have negotiated a deal. Accordingly, these chips can sell to China if they cede 15 percent of the sales achieved with China to the Trump government. The price movements were held within the European semiconductor values.

The DAX lost 0.3 percent to 24,081 points. The Euro Stoxx-50 also gave up 0.3 percent. The euro, which devalued at just over $ 1.1606, suffered a small weakness. At the bond markets, the returns went up a bit, which was good for the banking stocks. The next impulses could set US consumer prices on Tuesday. The question is whether and how strongly the trump punitive tariffs against the rest of the world are reflected in inflation. If inflation deviates more closely up, this should give the recently lived out and the stock prices driving a dampers.

Rhine metal lost 4.6 percent. The momentum of the investments in the armaments sector could decrease if the summit between Trump and Putin was to produce concrete results in Alaska on Friday. Renk fell by 1.6 percent, Hensoldt 0.6 percent, Thales 0.3 percent or Leonardo 0.7 percent. Salzgitter gave 3.5 percent – the group is in the process of expanding its armaments business. The final figures from Salzgitter, on the other hand, contained nothing surprising. Heidelberg Materials (-2.7%) were also under pressure, the share had recently benefited from the hope of an armistice between Russia and Ukraine. Now profits are used.

Pharmaceutical values recover – Novartis firmly according to study results

Pharmaceuticals were relaxed, the Stoxx industry index rose by 0.4 percent. For Novartis it went up 2.1 percent. Study results drove. The drug Ianalumab has shown positive results that are praised by analysts. Vontobel sees sales potential of $ 1 billion.

A capital increase of Orsted about the equivalent of around 8 billion euros caused pressure on the courses of wind energy stocks. Orstedt rushed into the basement by almost 30 percent. The Danes need the money, especially to clean up problems with US offshore systems. For vestas papers, 4 percent went down. SMA Solar lost 7.5 percent, and Berenberg had also reduced the price target here.

Hypoport has confirmed its annual outlook with the publication of the final figures for the first half of the year. The course of the intermediary of real estate financing lost 7.7 percent with profit. After a takeover requirement described as “extremely unsatisfactory”, Northern Data gave up almost 20 percent. The US video sharing platform Rumble checks a takeover offer in the form of a pure stock exchange.

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Index End Development in % since the beginning of the year*

Euro-stoxx-50 5,331.85 -0.3% +9.2%

Stoxx-50 4,482.77 +0.1% +3.9%

Stoxx -600 546.76 -0.1% +7.8%

Xetra -Dax 24,081.34 -0.3% +21.4%

FTSE-100 London 9,095.73 KA +9.4%

CAC -40 Paris 7.698.52 -0.6% +4.9%

AEX Amsterdam 894.13 +0.3% +1.4%

Athex-20 Athens 5,308.88 +1.8% +46.1%

BEL -20 bruessel 4,726.75 -0.2% +11.0%

Bux Budapest 104.190.64 -0.1% +31.5%

OMXH -25 Helsinki 4,878.49 -0.6% +13.8%

Isse nat. 30 Istanbul 11,038.32 KA +11.6%

OMXC -20 Copenhagen 1,502.80 -0.9% -27.8%

PSI 20 Lisbon 7,744.72 -0.5% +22.0%

IBEX-35 Madrid 14,855.90 +0.2% +27.9%

FTSE -MIB Milan 41,583.59 -0.1% +21.8%

OBX Oslo 1,529.97 -0.6% +15.7%

PX Prague 2,287.35 +0.1% +29.8%

OMXS -30 Stockholm 2,590.76 -0.5% +4.8%

WIG -20 Warsaw 2,994.43 -0.9% +37.9%

ATX Vienna 4,721.03 +0.0% +28.9%

SMI to be 11,869.99 +0.0% +2.3%

*based on the previous day

Last +/- % 0:00 Fri, 17:13 % YTD

EUR/USD 1.1608 -0.4% 1.1649 1.1660 +12.4%

EUR/JPY 171.75 -0.1% 171.98 172.27 +5.6%

EUR/CHF 0.9434 +0.3% 0.9407 0.9413 +0.2%

EUR/GBP 0.8652 -0.2% 0.8667 0.8671 +4.7%

USD/JPY 147.96 +0.2% 147.64 147.73 -6.1%

GBP/USD 1.3416 -0.2% 1.3441 1.3448 +7.4%

USD/CNY 7.1409 +0.1% 7.1371 7.1401 -1.0%

USD/CNH 7.1938 +0.1% 7.1891 7.1904 -2.0%

From/USD 0.6514 -0.1% 0.6521 0.6529 +5.4%

Bitcoin/USD 120.271.40 +1.3% 118,700.00 116,234.00 +25.2%

Rohoel last VT-Settlem. +/- % +/- USD % YTD

WTI/Nymex 63.97 63.88 +0.1% 0.09 -11.9%

Brent/ICE 66.67 66.59 +0.1% 0.08 -11.4%

Metals last the last day +/- % +/- USD % YTD

Gold 3,348.05 3,399.16 -1.5% -51.11 +29.5%

Silver 32.53 32.94 -1.2% -0.41 +18.1%

Platin 1,145,92 1,145.14 +0.1% 0.78 +30.8%

Copper 4.45 4.47 -0.5% -0.02 +8.3%

YTD based on the final score of the previous day

(Information provided without guarantee)

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DJG/MPT/CLN

(End) Dow Jones Newswires

August 11, 2025 12:10 ET (16:10 GMT)