• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Stock

Europe markets open: FTSE 100 gains, Stoxx 600 flat; UK labor data, US-China talks eyed

by June 10, 2025
by June 10, 2025

European stock markets started Tuesday’s session with a mixed and somewhat cautious tone, as investors kept a close watch on ongoing trade talks between the United States and China in London.

While major indices showed slight variations, a notable feature was the broad decline in European defense stocks, potentially linked to the discussions around critical mineral exports.

Meanwhile, fresh UK labor market data provided new insights into the country’s economic health.

Approximately ten minutes after the opening bell, the pan-European Stoxx 600 index was trading flat, indicating a general lack of strong directional conviction across the continent.

Looking at individual national markets, London’s FTSE 100 was up by a respectable 0.4%. In contrast, Germany’s DAX index was down by 0.2%, and France’s CAC 40 was last seen marginally higher.

A significant area of weakness this morning was the European defense sector. The regional Stoxx Aerospace and Defense index extended its recent losses, trading 0.8% lower.

This puts the index on track for its third consecutive day of declines. This downturn comes as investors monitor the US-China trade talks, which are set to continue in London on Tuesday.

A central point of these discussions revolves around critical minerals, on which China imposed export restrictions in April in response to US tariffs on Chinese exports.

These rare earth minerals are vital for the production of weaponry and other advanced defense technologies, making any developments in their trade a key concern for the sector.

Illustrating this pressure, shares in German defense giant Rheinmetall were last seen trading 3.4% lower.

Other German defense-related companies, Renk and Hensoldt, experienced even sharper falls, down 8% and 3.1%, respectively.

Currency and UK labor market: pound slips, job openings fall, wage growth cools

In currency markets, the British pound was down 0.5% against the US dollar on Tuesday morning, trading at around $1.35.

Despite this dip, sterling has still gained a notable 7.8% against the greenback so far this year.

New data from the UK’s Office for National Statistics (ONS) this morning provided a detailed snapshot of the labor market.

Job vacancies in the UK fell to 736,000 between March and May, a decline of 63,000 openings, or 7.9%, from the previous three-month period.

This marked the 35th consecutive decline in job openings, signaling a continued cooling in hiring demand.

Meanwhile, average earnings, including bonuses, saw a year-on-year increase of 5.3% for the period between February and April.

This indicates that while wage growth remains, it has steadily cooled since spiking to 6.1% in December.

Britain’s unemployment rate rose slightly to 4.6% in the three months to April, a figure that was in line with economist expectations.

In the previous three-month window to March, UK unemployment had stood at 4.5%.

The ONS data also showed that the UK’s economic inactivity rate—an estimate of those aged 16 to 64 who are out of work and either not seeking employment or unable to start work imminently—rose to 21.3% in the three months to April.

The post Europe markets open: FTSE 100 gains, Stoxx 600 flat; UK labor data, US-China talks eyed appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
Rolls-Royce wins SMR bid as UK launches nuclear drive with Sizewell C and mini reactors
next post
UK announces $19B funding for Sizewell C nuclear power station

Related Posts

Jack Dorsey unveils Bluetooth-based alternative to WhatsApp

July 8, 2025

ASX 200 Index double top after the surprise...

July 8, 2025

Here’s why KOSPI Index rose after tariffs and...

July 8, 2025

Asian markets open: Nikkei rises 0.31%, Sensex opens...

July 8, 2025

Yen falls to 2-week low after US announces...

July 8, 2025

Shein files for Hong Kong IPO in bid...

July 8, 2025

Europe markets open: cautious start with Stoxx 600...

July 8, 2025

Lloyds share price ripe for a breakout ahead...

July 8, 2025

How nations from Japan to South Africa are...

July 8, 2025

BP, Shell return to Libya for hydrocarbon exploration...

July 8, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • Do Low-Tax States Win More Stanley Cups?

    July 8, 2025
  • New Yorkers Flirt with Socialist Grocery Store Scheme

    July 8, 2025
  • Supreme Court Delivers Parents a Partial Victory 

    July 8, 2025
  • Do Low-Tax States Win More Stanley Cups?

    July 8, 2025
  • New Yorkers Flirt with Socialist Grocery Store Scheme

    July 8, 2025
  • Supreme Court Delivers Parents a Partial Victory 

    July 8, 2025

Editors’ Picks

  • 1

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 2

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 5

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025
  • 6

    Elon Musk says federal employees must fill out productivity reports or resign

    February 23, 2025
  • 7

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025

Categories

  • Economy (1,747)
  • Editor's Pick (182)
  • Investing (185)
  • Stock (1,141)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

Tariffs kick in

March 6, 2025

Tourism in Greenland surges 14%: here’s why

March 22, 2025

Here’s why Li Auto stock price could...

March 11, 2025