{"id":64813,"date":"2025-09-30T17:00:25","date_gmt":"2025-09-30T17:00:25","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/09\/30\/major-european-markets-close-on-firm-note-4\/"},"modified":"2025-09-30T17:00:25","modified_gmt":"2025-09-30T17:00:25","slug":"major-european-markets-close-on-firm-note-4","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/09\/30\/major-european-markets-close-on-firm-note-4\/","title":{"rendered":"Major European Markets Close On Firm Note"},"content":{"rendered":"
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The major European markets<\/span> closed on a firm note on Tuesday despite concerns over Trump’s tariff threats, and a possible U.S. government shutdown. Investors digested a slew of regional economic data, and largely made cautious moves.<\/p>\n

The Trump administration has imposed tariffs on imported lumber, kitchen furniture, and bathroom furniture made of wood, starting October 14, with further increases planned for January 1.<\/p>\n

The pan European Stoxx 600 climbed 0.48%. The U.K.’s FTSE 100 gained 0.19%, Germany’s DAX closed 0.54% up, and France’s CAC 40 ended up by 0.57%. Switzerland’s SMI advanced 0.86%.<\/p>\n

Other markets in Europe closed on a mixed note. Belgium, Finland, Ireland, Netherlands, Spain and Sweden ended higher.<\/p>\n

Austria, Czech Republic, Denmark, Iceland, Norway, Poland, Portugal and Turkiye closed weak, while Greece and Russia ended flat.<\/p>\n

In the UK market, Airtel Africa gained nearly 5.5%. Reckitt Benckiser and GSK moved up 3.85% and 3.75%, respectively. <\/p>\n

Melrose Industries, Rentokil Initial, JD Sports Fashion, Hikma Pharmaceuticals, Rolls-Royce Holdings, Beazley, Weir Group, Babcock International, Fresnillo, Severn Trent, Halma, United Utilities, St. James’s Place, Marks & Spencer, 3i Group, Kingfisher and Intertek Group gained 1.5 to 3%.<\/p>\n

Entain ended down by 3.53%. Pershing Square Holdings, BP, Antofagasta, Shell, Metlen Energy & Metals, Intercontinental Hotels Group and BT Group lost 1 to 2.5%.<\/p>\n

Close Brothers drifted down by 2.3%. The company swung to a full-year loss of \u00a3122.4 million and withheld a final dividend for the year, citing ongoing uncertainty around the Financial Conduct Authority’s review of motor finance commission arrangements.<\/p>\n

Online fashion giant ASOS closed lower by 4.3% after warning that its annual revenue would miss market expectations.<\/p>\n

In the German market, MTU Aero Engines climbed more than 4.5%. Merck, Fresenius, Scout24, Bayer, Fresenius Medical Care, Heidelberg Materials, Brenntag, Siemens and SAP gained 1 to 2%.<\/p>\n

Daimler Truck Holding ended nearly 2% down. Adidas, Mercedes-Benz, Zalando, Rheinmetall and Continental lost 0.5 to 1%.<\/p>\n

In the French market, Publicis Groupe gained more than 2%. Capgemini, Vivendi, Eurofins Scientific, Schneider Electric, Vinci, Safran, Thales and Danone climbed 1 to 1.8%.<\/p>\n

TotalEnergies tumbled 2.8%. ArcelorMittal closed down by about 2.3%. Kering, Hermes International, Stellantis, Legrand and Credit Agricole lost 1.3 to 2%.<\/p>\n

Data from Destatis showed Germany’s retail sales dropped unexpectedly in August due to a fall in non-food retailing.<\/p>\n

Retail sales logged a monthly fall of 0.2% in August, slower than a decrease of 0.5% seen in July, the data showed. Sales were expected to rebound 0.6%.<\/p>\n

Destatis said food sales gained 0.6%, while non-food sales declined 1% from July.<\/p>\n

On a yearly basis, retail sales growth eased to 1.8% from 2.9% in the previous month.<\/p>\n

In nominal terms, retail sales increased 0.1% month-on-month and advanced 3.2% from the previous year. <\/p>\n

Germany’s import prices declined by 1.5% year-on-year in August, following a 1.4% fall in the previous month. This marked the fifth consecutive month of falling import prices and the sharpest drop in the current sequence. On a monthly basis, import prices declined by 0.5% in August, slipping further from the 0.4% fall recorded in the previous month. <\/p>\n

Meanwhile, Germany’s seasonally adjusted unemployment rate stayed at 6.3% in September, matching market forecasts. This is the highest level since September 2020, signaling ongoing weakness in the labor market.<\/p>\n

Data from INSEE showed France’s consumer price inflation accelerated in September to the highest level in eight months amid a rise in costs for services, according to a provisional estimate.<\/p>\n

A separate official report showed that producer prices decreased slightly in August after rising for the first time in six months in July.<\/p>\n

The consumer price index climbed 1.2% year-over-year in September, faster than the 1% rise in the previous month. Economists had expected inflation to rise to 1.3%\/ Further, this was the highest inflation rate since January, when prices rose 1.7%.<\/p>\n

On a monthly basis, consumer prices fell 1% in September, reversing a 0.4% rise in August. <\/p>\n

EU-harmonized inflation climbed to 1.1% from 0.8% in the prior month. Monthly, the HICP showed a decrease of 1.1% versus a 0.5% gain in August.<\/p>\n

A report from the Offie for National Statistics said the UK economy<\/span> grew at a slower pace in the second quarter as increases in services and construction were partially offset by the contraction in production.<\/p>\n

Real gross domestic product expanded by an unrevised 0.3% in the second quarter, following a quarterly growth of 0.7% in the first quarter.<\/p>\n

The dominant service sector grew 0.4% and construction output advanced 1%. Partially offsetting these gains, production fell 0.8%.<\/p>\n

In the second quarter, real GDP was 1.4% higher than in the same period last year, data showed.<\/p>\n

Real annual GDP in 2024 advanced 1.1%, which was unrevised from the previous estimate.<\/p>\n

Another report from the ONS showed that the underlying current account deficit, excluding precious metals, widened to GBP 23.8 billion or 3.2% of GDP, in the second quarter. <\/p>\n<\/p>\n

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