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European Markets Are Mixed Early on July 25

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Jul. 25 2018, Updated 8:57 a.m. ET

The United Kingdom

After starting this week on a weaker note, the United Kingdom’s FTSE 100 Index regained strength and rose to near six-week high price levels on Tuesday. However, the FTSE 100 Index opened lower on July 25 and was trading with weakness in the morning session.

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Market sentiment

The FTSE 100 Index moved higher on Tuesday amid miners’ strong performance and the release of strong manufacturing data across Europe. The Chinese government’s stimulus improved China’s economic outlook and boosted the miners on Tuesday. The market is weak ahead of the meeting between European Union (EU) President Jean-Claude Juncker and President Trump on Wednesday. Taking a pessimistic view of the meeting, President Trump tweeted that dropping tariffs, barriers, and subsidies between the US and the European Union would lead to the free market and free trade. President Trump said that the US is ready—unlike the European Union.

On the economic data front, according to UK Finance, the UK gross mortgage approvals increased to 40,500 in June, which was higher than the forecast of 39,000. At 4:45 AM EST, the FTSE 100 Index was trading at 7,661.50 with a drop of 0.62%. The iShares MSCI United Kingdom (EWU) rose 0.98% to $34.99 on Tuesday.

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Germany

Germany’s DAX 30 Index rose on Tuesday amid banking stocks’ strong performance. However, the DAX 30 Index opened lower on July 25 and was trading with mixed sentiment in the morning session. The release of mixed economic data is weighing on the DAX 30 Index. According to the Ifo Institute for Economic Research, Germany’s Business Expectations Index declined to 98.2 in July—a drop from 98.6 recorded in June and also lower than the forecast of 98.3. Germany’s current assessment increased to 105.3 in July—higher than the expected reading of 104.8.

At 5:20 AM EST, the DAX 30 Index was trading at 12,666.06—a drop of 0.19%. The iShares MSCI Germany (EWG) rose 0.71% on Tuesday.

France

After rising on Tuesday, France’s CAC 40 Index opened higher on Wednesday. The strong performance of the basic materials, financials, and consumer goods sectors supported the CAC 40 Index on Tuesday. The CAC 40 Index carried forward the strength to Wednesday and was trading with strength at one-week high price levels in the morning session. At 5:30 AM EST on July 25, the CAC 40 Index was trading at 5,445.08—a gain of 0.2%. The iShares MSCI France (EWQ) gained 0.77% on Tuesday.

Next, we’ll discuss how Asian markets performed on July 25.

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