Autos was among the worst-performing sectors, down 1.8%, as industry bosses warned that while manufacturers<\/a> have regained some certainty, they will be left facing substantially higher costs.<\/p>\n Brewing giant Heineken<\/a>\u00a0dropped 8.45% after reporting lower beer sales in the first half and flagging “softening sentiment in Europe and the Americas.”<\/p>\n Oil and gas stocks meanwhile finished 1.16% higher on broader optimism over the global trade outlook<\/a>, and as the EU pledged to increase its purchases of U.S. energy as part of the trade deal.<\/p>\n \u2014 Jenni Reid<\/p>\n European markets retreat<\/p>\n After a strong start to Monday trade, European markets have largely slipped into the red as some of the shine comes off Sunday’s announcement of a U.S.-EU trade deal<\/a>.<\/p>\n Stock Chart IconStock chart icon Stoxx 600 index.<\/p>\n At 2:52 p.m. in London, the Stoxx 600 is down 0.12% at a session low, after notching a four-month high earlier in the day. Autos and retail, two sectors heavily impacted by transatlantic tariff rates, are down 1.8% and 0.67%, respectively. U.S. stocks, meanwhile, saw a muted open<\/a>, as investors gear up for a slew of major earnings and data releases<\/a>.<\/p>\n Mark Haefele, chief investment officer at UBS Global Wealth Management, said in a Monday note that despite ongoing uncertainty for some sectors, immediate market reaction to the deal was positive because it was a step forward in the trade conflict.<\/p>\n A breakthrough and a burden? What the U.S.-EU trade deal means for the auto sector<\/a><\/p>\n “At the same time, we believe that the substantial rally in recent weeks has already priced in a lot of potential good news, and that investors should prepare for potential market volatility in the weeks ahead,” Haefele said.<\/p>\n While it provides more certainty on U.S.-EU trade, it still means a roughly sixfold increase in tariff rates compared with the pre-“Liberation Day” level, and leaves major uncertainty about the economic impact of that change, he said.<\/p>\n \u2014 Jenni Reid<\/p>\n Euro falls as greenback boosted by U.S. trade optimism<\/p>\n The euro was 0.53% lower against the U.S. dollar at $1.167 at 9:15 a.m in London (4:15 a.m. ET), as the greenback notched broad gains<\/a> on the back of the EU trade deal announced Sunday.<\/p>\n Stock Chart IconStock chart icon Euro\/U.S. dollar.<\/p>\n While uncertainty remains over the arrangement for some sectors<\/a>, the main points of a 15% tariff on EU exports to the U.S. and a committment for higher spending on U.S. energy<\/a> and other goods were broadly in-line with market expectations and increased risk sentiment on Monday, Mohamad Al-Saraf, associate in fixed income and FX research at Danske Bank, said in a note.<\/p>\n The U.S. dollar has traditionally been a so-called “safe haven” asset which investors flee to in a risk-off environment. However, that dynamic has often reversed this year, as much market uncertainty has stemmed directly from U.S. policy.<\/p>\n Strategists at ING said Monday that while the market reaction to the U.S.-EU trade deal was positive, FX traders would now turn their attention to a slew of U.S. data this week<\/a>, which includes jobs figures,\u00a0second-quarter GDP and Personal Consumption Expenditures, the Federal Reserve’s preferred inflation gauge.<\/p>\n \u2014 Jenni Reid<\/p>\n Brewers slide on Heineken results Shares of European beer makers slipped on Monday after Heineken posted better-than-expected first half results but pointed to softening consumer sentiment in the U.S. and Europe.<\/p>\n Heineken shares fell 3.5%, while those of AB InBev and Carlsberg were down 0.8% by 8:43 a.m. London time (3:43 a.m. ET).<\/p>\n “Near-term, we anticipate ongoing macro-economic challenges that may affect consumer spending, including softening sentiment in Europe and the Americas, inflation pressures and the impact of a weaker US dollar, and broader geopolitical fluctuations,” Heineken said in a statement.<\/p>\n The Dutch brewer nevertheless maintained its full-year outlook to organic operating profit growth of 4% to 8%.<\/p>\n \u2014 Karen Gilchrist<\/p>\n Forvia says no change to forecast after EU-U.S. trade deal<\/p>\n Cost cutting at auto supplier Forvia<\/a> drove core profit up almost 8% in the first half of 2025.<\/p>\n The group’s CFO says the EU-U.S. trade deal will not cause it to change its full year targets, after the France-based group booked sales of almost 14 billion euros ($16.4 billion) in the first half, while warning that it expects the production environment to remain volatile and uncertain.<\/p>\n Stock Chart IconStock chart icon European autos index up 1.5%<\/p>\n A car at the new Citroen C5 Aircross’ production line in the Stellantis carmaker plant in Chartres-de-Bretagne, near Rennes, western France, on July 3, 2025.<\/p>\n Damien Meyer | Afp | Getty Images<\/p>\n Europe’s carmakers jumped on Monday morning, reacting positively to news<\/a> that the U.S. and European Union have secured a framework trade agreement. <\/p>\n U.S. President Donald Trump on Sunday said the trade agreement, which will see Washington reduce tariffs to 15% on EU goods entering America, will be “great for cars.” <\/p>\n The Stoxx Europe autos index led gains during early morning deals, up more than 1.5%.<\/p>\n French car parts supplier Valeo<\/a> was last seen up 5%. Jeep maker Stellantis<\/a>, Porsche<\/a> and Mercedes-Benz Group<\/a> were all up more than 2%. <\/p>\n \u2014 Sam Meredith<\/p>\n European stocks hit four-month high<\/p>\n European stocks have risen to hit a four-month high after the U.S.-EU agreed to a trade deal.<\/p>\n The Stoxx Europe 600<\/a> index rose 0.8%, with other regional bourses also trading higher.<\/p>\n The U.K.’s FTSE 100<\/a> was up 0.3%, France’s CAC 40<\/a> was higher by 1.1% and Germany’s DAX<\/a> rising 0.7%.<\/p>\n \u2014 Ganesh Rao<\/p>\n Heineken beats profit expectations<\/p>\n Heineken<\/a> posted a beat on first-half operating profit, coming in at just over 1.4 billion euros ($1.6 billion).<\/p>\n The brewer is backing its guidance for the year, saying it expects organic profit to grow between 4-8%.<\/p>\n \u2014 David Martin<\/p>\n Fri, Jul 25 20251:45 AM EDT<\/p>\n Opening calls<\/p>\n Good morning from London.<\/p>\n There’s just under an hour and a half to go until stocks begin trading for the first time since the U.S. and European Union agreed to a trade deal.<\/p>\n Futures tied to the Stoxx Europe 600<\/a> index point to a strong start with the index expected to open 0.8% higher.<\/p>\n Regionally, the German DAX<\/a> is expected to rise 1%, France CAC 40<\/a> index is set to be 0.4% higher and the U.K.’s FTSE 100<\/a> is expected to rise 0.5%.<\/p>\n \u2014 Ganesh Rao<\/p>\n","protected":false},"excerpt":{"rendered":"European stock markets close lower Europe’s Stoxx 600 index erased earlier gains to close 0.23% lower as investors…\n","protected":false},"author":2,"featured_media":31035,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[1386,45,161,49,48,16326,46,100,3097],"class_list":["post-31034","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-breaking-news-markets","tag-business","tag-business-news","tag-ca","tag-canada","tag-earnings","tag-economy","tag-markets","tag-stock-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/31034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=31034"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/31034\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/31035"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=31034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=31034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=31034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"hide](\"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg\")
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