{"id":85377,"date":"2025-07-23T07:46:12","date_gmt":"2025-07-23T07:46:12","guid":{"rendered":"https:\/\/www.europesays.com\/us\/85377\/"},"modified":"2025-07-23T07:46:12","modified_gmt":"2025-07-23T07:46:12","slug":"european-stocks-rally-at-the-open-as-u-s-japan-trade-deal-boosts-global-market-sentiment-nbc-los-angeles","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/85377\/","title":{"rendered":"European stocks rally at the open as U.S.-Japan trade deal boosts global market sentiment \u2013 NBC Los Angeles"},"content":{"rendered":"

This is CNBC’s live blog covering European markets.<\/p>\n

Germany’s auto giants rally<\/p>\n

\t\t\t\t\"A<\/p>\n

\t\t\tMatthias Rietschel | Reuters<\/p>\n

A technician works in the final inspection line of German carmaker Volkswagen’s electric ID.3 car, during a media tour, in Dresden, Germany, May 14, 2025.<\/p>\n

Shares of Germany’s top carmakers rose in early morning deals, boosted by hopes of a tariff breakthrough for the European Union after the U.S. and Japan’s trade deal.<\/p>\n

Luxury automaker Porsche<\/a> jumped 7%, with Volkswagen<\/a>, Mercedes-Benz Group<\/a> and BMW<\/a> all trading over 4%.<\/p>\n

Milan-listed Stellantis<\/a> and French car parts manufacturer Valeo<\/a> were also up more than 4%.<\/p>\n

\u2014 Sam Meredith<\/p>\n

Nokia shares fall 7% after warning of $94 million tariff hit<\/p>\n

\t\t\t\t\"A<\/p>\n

\t\t\tXavi Torrent | Getty Images News | Getty Images<\/p>\n

A logo sits illuminated at the Nokia booth in the Mobile World Congress 2024 on February 26, 2024 in Barcelona, Spain.<\/p>\n

Shares of Finnish telecoms giant Nokia<\/a> were down 7% in early trade on Wednesday, after the company issued a profit warning.<\/p>\n

Nokia lowered its comparable operating profit guidance range to 1.6 billion euros to 2.1 billion euros ($1.9 billion to $2.5 billion). It had previously expected the figure to fall in the range of 1.9 billion euros to 2.4 billion euros.<\/p>\n

“Since Nokia provided guidance in January for the full year 2025, two headwinds outside its control are impacting the 2025 outlook,” the company said in a late Tuesday statement.<\/p>\n

“The largest headwind is currency fluctuations (particularly the weaker USD), an approximately EUR 230 million negative impact … Also, the current tariff landscape is expected to impact full year operating profit by EUR 50 million to EUR 80 million.” \u00a0<\/p>\n

That represents a tariff hit of around $94 million.<\/p>\n

\u2014 Chloe Taylor<\/p>\n

European markets open higher<\/p>\n

It’s been 10 minutes since the opening bell, and European shares are broadly moving higher.<\/p>\n

The pan-European Stoxx 600<\/a> was last seen up by 0.9%, with the tariff-sensitive autos sector jumping 3.5%.<\/p>\n

That comes after the U.S. signed a bumper trade deal with Japan<\/a>, and President Donald Trump reportedly<\/a> told guests at a dinner in Washington Tuesday that EU delegates were “coming in tomorrow, the next day.”<\/p>\n

\u2014 Chloe Taylor<\/p>\n

Iberdrola profit slumped in first half<\/p>\n

\t\t\t\t\"The<\/p>\n

\t\t\tBloomberg | Bloomberg | Getty Images<\/p>\n

The Equinor ASA offshore oil drilling platform on the Johan Sverdrup oil field in the North Sea off the coast of Norway, on Feb. 13, 2023.<\/p>\n

More earnings reports are coming in this morning, on what’s set to be a busy day for corporate financial updates.<\/p>\n

Iberdrola<\/a> posted a 14% year-on-year decline in first-half net profit to 3.6 billion euros ($4.2 billion).<\/p>\n

The Spanish electricity utilities giant also launched a 5-billion-euro increase in share capital, saying the move would cover its upcoming investment plan.<\/p>\n

Equinor<\/a>‘s adjusted earnings, meanwhile, fell 13% in the second quarter, in line with expectations, as declining oil prices hit the Norwegian energy group.<\/p>\n

The company also booked a $955 million impairment on a key offshore wind project in the U.S., in light of regulatory changes and tariffs.<\/p>\n

\u2014 Matt Ward-Perkins<\/p>\n

Strong defense demand boosts Thales profit<\/p>\n

\t\t\t\t\"Advertising<\/p>\n

\t\t\tNathan Laine | Bloomberg | Getty Images<\/p>\n

Advertising for Thales SA military products at the Eurosatory Defense and Security expo in Paris, France, on June 18, 2024.<\/p>\n

French defense contractor Thales<\/a> raised its full-year sales guidance on Wednesday as it reported stronger-than-expected profit.<\/p>\n

The company’s adjusted operating profit came in at 1.25 billion euros ($1.47 billion) for the first half of the year, marking a 13% jump from the first six months of 2024.<\/p>\n

Analysts had been anticipating the figure to hit 1.23 billion euros, according to LSEG data.<\/p>\n

First-half sales saw year-on-year growth of 8.1% to reach 10.3 billion euros, which Thales attributed largely to “a solid performance” in its aerospace and defense divisions.<\/p>\n

However, Thales also said on Wednesday that it was still anticipating “a contained direct impact of tariffs” that could be imposed on EU goods<\/a> by the Trump administration.<\/p>\n

The company’s guidance, it said, was based on the assumption that 10% reciprocal tariffs would be levied on the EU, with its forecasts excluding any possible retaliatory measures that might be taken by European leaders.<\/p>\n

\u2014 Chloe Taylor<\/p>\n

UniCredit lifts profit guidance, leaving Banco BPM bid behind<\/p>\n

\t\t\t\t\"The<\/p>\n

\t\t\tEmanuele Cremaschi | Getty Images News | Getty Images<\/p>\n

The logo of the\u00a0Italian banking group UniCredit SpA is pictured on July 15, 2025 in Milan, Italy.<\/p>\n

UniCredit<\/a>\u00a0on Wednesday posted a sharp second-quarter profit hike and lifted its full-year guidance, a day after withdrawing its takeover bid for Italian peer Banco BPM amid opposition from Rome.<\/p>\n

Italy’s second-largest bank\u00a0reported<\/a>\u00a0a 25% year-on-year hike in net profit to 3.3 billion euros ($3.87 billion) in the second quarter when including one-off items, and 2.9 billion euros without them.<\/p>\n

Read the full story here.<\/a> <\/p>\n

\u2014 Ruxandra Iordache<\/p>\n

Here are the opening calls<\/p>\n

\t\t\t\t\"The<\/p>\n

\t\t\tAlexander Spatari | Moment | Getty Images<\/p>\n

The City of London financial district at sunrise.<\/p>\n

Good morning from London, and welcome to CNBC’s live blog covering all the action and business news in European financial markets on Wednesday.<\/p>\n

Futures data from IG suggest a positive open for European indexes, with London’s\u00a0FTSE 100<\/a> seen opening 0.6% higher, France’s CAC 40<\/a> up 1.2%, Germany’s\u00a0DAX<\/a> up 1%, and Italy’s\u00a0FTSE MIB<\/a> 1.2% higher.<\/p>\n

European stocks declined again Tuesday as\u00a0investors digested earnings<\/a>\u00a0from some of the largest companies on the continent, and weighed the prospect of U.S. trade tariffs that will kick in on Aug. 1 unless a trade deal is reached.<\/p>\n

Overnight, Asia-Pacific markets<\/a> traded higher after U.S. President Donald Trump announced that he had completed a “massive Deal<\/a>” with Japan, with a baseline tariff of 15% set on the country’s exports to the United States. S&P 500 futures<\/a>\u00a0were little changed Tuesday evening after the announcement.<\/p>\n

\u2014 Holly Ellyatt<\/p>\n

What to keep an eye on Wednesday<\/p>\n

\t\t\t\t\"The<\/p>\n

\t\t\tBloomberg | Getty Images<\/p>\n

The UniCredit SpA headquarters in Milan, Italy, on Jan. 22, 2022.<\/p>\n

Earnings season is ramping up in Europe, with the latest financial reports coming from Equinor<\/a>, Randstad<\/a>, Thales<\/a>, Lonza<\/a>, Iberdrola<\/a>, UniCredit<\/a>, JD Weatherspoon<\/a> and Moncler<\/a>.<\/p>\n

European data releases include flash consumer confidence figures.<\/p>\n

\u2014 Holly Ellyatt<\/p>\n","protected":false},"excerpt":{"rendered":"This is CNBC’s live blog covering European markets. Germany’s auto giants rally Matthias Rietschel | Reuters A technician…\n","protected":false},"author":3,"featured_media":85378,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[64,135,50,67,132,68],"class_list":{"0":"post-85377","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-markets","10":"tag-news","11":"tag-united-states","12":"tag-unitedstates","13":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114901443140798846","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/85377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=85377"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/85377\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/85378"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=85377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=85377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=85377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}