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

Europe markets open: Stocks rise; Maersk Q2 profit beats expectations

by August 7, 2025
by August 7, 2025

European stock markets started Thursday’s session on a positive note, with the regional Stoxx 600 index edging higher as investors navigated a packed day of corporate earnings reports and awaited a key interest rate decision from the Bank of England.

Travel and leisure stocks were among the top performers in early trade.

About 20 minutes after the opening bell, the pan-European Stoxx 600 was last seen trading approximately 0.2% higher. The regional Stoxx Travel & Leisure index was a clear outperformer, leading the gains with a rise of 1.6%.

Performance across the major national bourses was somewhat mixed but generally positive. France’s CAC 40 index was up 0.3%, leading the gains among the major exchanges.

Germany’s DAX was also in positive territory. However, London’s FTSE 100 was down a slight 0.3%, indicating some localized caution.

Thursday is another busy day on the earnings front, with a host of heavyweight regional companies due to report, including Siemens, Deutsche Telekom, Allianz, Zurich Insurance, Merck, Swisscom, Henkel, and Rheinmetall. On the data front, investors will be parsing French and German trade balance figures.

Maersk’s strong performance and a recovery in olive oil

One of the key corporate reports this morning came from Danish shipping giant Maersk.

The company, which is widely considered a barometer of global trade, posted a stronger-than-expected second-quarter operating profit.

Maersk reported preliminary underlying earnings before interest, tax, depreciation, and amortization (EBITDA) of $2.3 billion for the June quarter.

This represents a 7% increase from the $2.14 billion recorded over the same period a year ago and comfortably surpassed the $1.97 billion that analysts had expected in an LSEG poll.

The company cited a continued focus on operational improvements as a key reason for its strong performance, despite what it described as unprecedented geopolitical volatility.

In other positive corporate news, the chief executive of Spain’s Deoleo, the world’s largest olive oil producer, stated that a bumper harvest and improving market sentiment are clear signs that the industry is recovering from one of its toughest moments ever.

A substantial olive harvest, particularly in Spain, has helped to restore confidence in the sector and has led to a pronounced fall in the prices of both extra virgin and virgin olive oils in supermarkets.

This comes after two consecutive seasons of poor yields had resulted in a period of extraordinary turbulence throughout the olive oil value chain.

Bank of England decision looms amid tariff uncertainty

The main event for UK investors today will be the Bank of England’s latest monetary policy decision.

The central bank is widely expected to cut its key interest rate from 4.25% to 4%, a move that will be closely watched for its potential to stimulate the UK economy.

This comes against a backdrop of continued global trade uncertainty. Global markets are still keeping a close eye on the tariff landscape, particularly after US President Donald Trump on Wednesday implemented an additional 25% tariff on India, just days after he had already imposed a 25% levy on the country.

President Trump, in an executive order, stated, “I find that the Government of India is currently directly or indirectly importing Russian Federation oil.”

India responded by saying it is “extremely unfortunate that the US should choose to impose additional tariffs … for actions that several other countries are also taking in their own national interest.”

The Indian government added that its imports are based on “market factors and done with the overall objective of ensuring the energy security of 1.4 billion people of India.”

President Trump also signaled on Tuesday that he will announce new tariffs on semiconductors and chips as soon as next week.

The post Europe markets open: Stocks rise; Maersk Q2 profit beats expectations appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
SoftBank posts strong quarterly profit of around $2.9B on Vision Fund gains
next post
Asian markets open: Nikkei flat on US chip tariff news; Sensex to open down

Related Posts

Opendoor stock plunges 21% after weak forecast: could...

August 7, 2025

Why Upstart stock tanked on Q2 earnings and...

August 7, 2025

GLD ETF analysis: is this gold fund on...

August 7, 2025

Asian markets open: Nikkei flat on US chip...

August 7, 2025

SoftBank posts strong quarterly profit of around $2.9B...

August 7, 2025

Trump and Putin to meet next week; White...

August 7, 2025

Is America really getting rich off tariff revenue?

August 7, 2025

Israel’s Leviathan gas field secures historic $35B export...

August 7, 2025

Trump’s tariff gamble on chips and drugs could...

August 6, 2025

OpenAI to release Open-Weight models: what they are...

August 6, 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

  • What Families Gain at the Dinner Table

    August 7, 2025
  • Would Superman Bring Coffee to the Movies?

    August 7, 2025
  • Opendoor stock plunges 21% after weak forecast: could more downside be ahead?

    August 7, 2025
  • Why Upstart stock tanked on Q2 earnings and why it’s a raging buy here

    August 7, 2025
  • GLD ETF analysis: is this gold fund on the verge of a breakout?

    August 7, 2025
  • Asian markets open: Nikkei flat on US chip tariff news; Sensex to open down

    August 7, 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

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

    March 1, 2025
  • 7

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

    February 23, 2025

Categories

  • Economy (2,112)
  • Editor's Pick (209)
  • Investing (185)
  • Stock (1,413)
  • 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

Europe markets open: UK’s 0.7% Q1 GDP,...

May 15, 2025

ZIM stock price forms a death cross...

April 22, 2025

TSMC posts 39% jump in June quarter...

July 10, 2025