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2025-07-29 16:31:10
[European stocks rebound under the trade storm: data reveals the undercurrent of market sentiment] ⑴ On the afternoon of July 29th Beijing time, European stocks rose against the trend, with the pan-European STOXX 600 index rising 0.5%, and the German DAX and French CAC indexes also rising close to 1%. The market is digesting the impact of the new US-EU trade agreement. ⑵ The new 15% tariff is significantly higher than the previous 2.5%, raising concerns about escalating trade tensions, although the initial reaction was a brief sigh of relief. ⑶ However, data shows that the market is beginning to accept that the tariff range of 10% to 15% is not an unbearable burden, which is seen as a "decent compromise." ⑷ The shadow of Trump's tariff remarks remains, and he reiterated his intention to impose a 15% to 20% "world tariff" on partners that have not reached a separate trade agreement. ⑸ Individual stock performance is differentiated: Despite the impact of tariffs, EssilorLuxottica's operating profit in the first half of the year still increased by 6%; Philips rose 10.3% due to a reduction in expectations for the impact of tariffs. ⑹ Car dealer Inchcape suffered the biggest drop in profits in the first half of the year due to tariffs, with profits falling by 7.7%. ⑺ The aerospace and defense sector rebounded by 1.9% after three consecutive days of decline, benefiting from the zero tariff policy for aircraft and parts in the new trade framework. ⑻ Investors are paying close attention to the second quarter GDP data of the eurozone and the United States to be released this week, as well as the Federal Reserve's interest rate decision and the highly anticipated US employment report.
