{"id":59726,"date":"2025-05-15T11:55:13","date_gmt":"2025-05-15T11:55:13","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/05\/15\/european-stocks-turning-in-mixed-performance-in-cautious-trade-6\/"},"modified":"2025-05-15T11:55:13","modified_gmt":"2025-05-15T11:55:13","slug":"european-stocks-turning-in-mixed-performance-in-cautious-trade-6","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/05\/15\/european-stocks-turning-in-mixed-performance-in-cautious-trade-6\/","title":{"rendered":"European Stocks Turning In Mixed Performance In Cautious Trade"},"content":{"rendered":"
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European stocks are turning in a mixed performance in cautious trade on Thursday with investors continuing to assess corporate earnings announcements and the developments on the trade front post announcement of U.S.-U.K. and U.S.-China trade agreements.<\/p>\n

Investors, looking ahead to Federal Reserve Chair Jerome Powell’s speech later in the day, are also reacting to the latest economic batch of economic data from region.<\/p>\n

The pan European Stoxx 600 was up 1.10 points at 544.98 a little while ago. The U.K.’s FTSE 100 gained 27.19 points or 0.32% to 8,612.20. Germany’s DAX climbed to 23,544.77, up 41.57 points or 0.18%, and France’s CAC was down 4.28 points at 7,832.51 a few minutes ago.<\/p>\n

In the German market, BMW is down more than 5.5%. Merck is down 5.2% after the company cut its full-year guidance. Siemens, Allianz, Adidas, Commerzbank, Infineon and Puma are lower by 1.2 to 2.2%.<\/p>\n

Thyssenkrupp shares are tanking more than 11% as the company’s operating profit plunged in the second quarter, hurt by economic uncertainty due to higher tariffs, notably in automotive and steel.<\/p>\n

The company saw a 90% drop in quarterly adjusted EBIT to 19 million euros ($21 million), significantly lower than forecast.<\/p>\n

Rheinmetall is climbing 4.5%. MTU Aero Engines, Bayer, Hannover Rueck, Fresenius Medical Care, Fresenius, Symrise, E.ON, Deutsche Bank and Siemens Energy are gaining 1 to 2%.<\/p>\n

In Paris, Kering is declining 3.7% and LVMH is down 2.7%. ArcelorMittal, Saint-Gobain and Pernod Ricard are down 1.6 to 2%. TotalEnergies is lower by about 1%.<\/p>\n

Engie is advancing 3.2% on strong results and earnings guidance. Thales is rising 2.3%, while Vinci, Orange, Danone and Unibail Rodamco are up 1 to 1.3%.<\/p>\n

In the U.K. market, The Sage Group is down more than 4% on lower revenues. 3i, Admiral, Intercontinental Hotels Group, Shell, DCC, Tesco, Antofagasta, Endeavour Mining and Glencore also notably lower<\/p>\n

Hikma Pharmaceuticals is climbing about 5.5%. JD Sports Fashion is gaining 4.7% and National Grid is up 3.5%. <\/p>\n

Compass Group, Aviva, IAG, Vodafone Group, Fresnillo, Hiscox, Convatec Group, British Land Company, BAE Systems, Beazley, AstraZeneca, Smith & Nephew, Rolls-Royce Holdings, British American Tobacco and Centrica are up 1.2 to 3%.<\/p>\n

Data from Eurostat showed Eurozone industrial output increased 2.6% on a monthly basis, following a monthly growth of 1.1% in February. Output was expected to climb 1.7%.<\/p>\n

Year-on-year, industrial production logged an increase of 3.6% after rising 1% in February. This was also better than forecast of 2.5%. Industrial production increased 2.6% on a monthly basis, <\/p>\n

A separate data from Eurostat showed the euro area economy<\/span> grew at a slower than initially estimated pace in the first quarter, according to a flash estimate.<\/p>\n

Gross domestic product expanded 0.3% on a quarterly basis, which was revised down from 0.4% estimated on April 30. This followed fourth quarter’s 0.2% expansion.<\/p>\n

On a yearly basis, economic growth remained unchanged at 1.2% in the first quarter and matched estimated. <\/p>\n

Data from the statistical office INSEE showed France’s consumer price inflation remained at 0.8% in the month of April, the same rate as seen in March and February. The figure also matched the estimate published on April 30.<\/p>\n

On a monthly basis, consumer price inflation rose to 0.6% from 0.2%. The April rate was revised up from 0.5%.<\/p>\n

Data from Destatis showed whole sale prices in Germany grew 0.8% year-on-year in April, following a 1.3% rise in March.<\/p>\n

The overall inflation in April was due to higher prices for food products, non-ferrous ores and metals, and non-ferrous semi-finished metal products. On a monthly basis, wholesale prices dropped 0.1% in April versus an expected increase of 0.2%.<\/p>\n

The UK economy grew more than expected in the first quarter driven by services and industrial production, the first estimate from the Office for National Statistics showed.<\/p>\n

Gross domestic product expanded 0.7% sequentially, following a 0.1% growth in the previous quarter. GDP was forecast to advance 0.6%. Moreover, this was the fastest growth in a year.<\/p>\n

On a yearly basis, real GDP expanded 1.3% in the first quarter compared to economists’ forecast of 1.2%. <\/p>\n<\/p>\n

Market Analysis<\/p>\n<\/div>\n