{"id":59459,"date":"2025-05-08T09:05:44","date_gmt":"2025-05-08T09:05:44","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/05\/08\/european-shares-climb-before-boe-rate-decision\/"},"modified":"2025-05-08T09:05:44","modified_gmt":"2025-05-08T09:05:44","slug":"european-shares-climb-before-boe-rate-decision","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/05\/08\/european-shares-climb-before-boe-rate-decision\/","title":{"rendered":"European Shares Climb Before BoE Rate Decision"},"content":{"rendered":"
<\/div>

\n<\/p>\n

\n

European stocks were moving higher on Thursday after U.S. President Donald Trump signaled progress toward a first trade deal in his global tariff dispute, without providing further details.<\/p>\n

A news conference in the Oval Office is scheduled for 10 a.m. Washington time, with reports suggesting that Trump is likely to announce a framework of a trade deal with the U.K.<\/p>\n

Investors were also reacting to the Fed’s status-quo decision on rates and looked ahead to interest-rate decisions from regional central banks. <\/p>\n

In economic releases, Germany’s industrial production increased 3.0 percent month-on-month in March, in contrast to the 1.3 percent decrease in February, data from Destatis revealed. Output was expected to grow 0.9 percent.<\/p>\n

German exports increased 1.1 percent on a monthly basis in March, but this was weaker than February’s 1.8 percent gain, separate set of data showed. Shipments were expected to climb 1.0 percent.<\/p>\n

Elsewhere, U.K. house prices climbed 0.3 percent on a monthly basis in April after falling for two straight months, data published by mortgage lender Halifax revealed.<\/p>\n

Prices were expected to grow 0.2 percent, following a 0.5 percent drop in March and a 0.2 percent decrease in February.<\/p>\n

The pan European STOXX 600 was up half a percent at 535.99 after falling half a percent on Wednesday. <\/p>\n

The German DAX gained nearly 1 percent, France’s CAC 40 surged 0.8 percent and the U.K.’s FTSE 100 was up 0.3 percent. <\/p>\n

SGL Carbon SE, a German carbon and graphite product maker, rose about 1 percent after confirming its FY25 outlook. <\/p>\n

Puma jumped 4 percent. The sportswear brand reaffirmed its full-year guidance after reporting flat first-quarter sales.<\/p>\n

Infineon climbed 2.8 percent. The company has received final approval for the funding of its new semiconductor manufacturing lab in Dresden from the German government.<\/p>\n

Siemens Energy added 3.2 percent as it delivered better-than-expected Q2 earnings and lifted its FY25 outlook.<\/p>\n

AB InBev, the world’s largest brewer, rallied 3.4 percent as Q1 earnings beat expectations. <\/p>\n

Staffing company Adecco SA soared 6.2 percent after upbeat first-quarter results.
Packaging firm Mondi rose 3.3 percent after posting a sequential rise in first-quarter profit. <\/p>\n<\/p>\n

Business News<\/p>\n<\/div>\n