Jul. 30 at 7:14 AM
European stock markets were higher on Tuesday. buoyed by financials & defense stocks, though Danish stocks logged their biggest 1-day drop of the year as
$NVO shares slid after the weight-loss drug maker issued a profit warning. Aerospace & defence stocks rose +2.2% after 3 consecutive days of losses. The new framework trade deal offered zero-for-zero tariffs on aircraft & parts. Airbus & Safran SA rose +1.7% & +2.1%, respectively. Shares of
$PHG soared nearly +14% at the market open, after the Dutch consumer healthcare group raised its full-year margin outlook.
$CAC40 +0.72%, German
$DAX +1.03%, nearing a 52 week high, Italian FTSE +1.23%, after reaching a 52 week high of 41,373.41, Spain’s Ibex +0.90%, near 52 week high, London
$FTSE +0.60%, almost at a 52 week high & European STOXX 600 +0.29% at 550.36, with banks rising +1.7% to hit their highest since September 2008, as investors bet on improved profits & resilience in a sector broadly insulated from tariff turmoil.
