Market Overview

European markets presented a mixed closure on Tuesday, influenced by a combination of robust earnings reports, positive economic data, and the looming threat of new tariffs from US President Donald Trump.

Highlights from the Earnings and Economic Data

BP announced a significant profit of $1.6 billion in the second quarter, marking a strong performance. Meanwhile, industrial output in France and Spain saw an upward trend, with France's industrial output increasing by 3.8% in June. Additionally, Germany's PMI and eurozone producer prices showed signs of improvement, indicating a recovering economy.

Impact of Trump's Tariff Threats

However, the market's gains were tempered by President Trump's announcement of potential 35% tariffs on EU goods, alongside new levies on pharmaceuticals and semiconductors. This move pressured exporters, particularly towards the session's close.

Market Closures and Currency Movements

The DAX and EURO STOXX 50 ended the day with gains, with Infineon AG notably climbing 4.58%. Conversely, the CAC 40 experienced a slight decline, and the FTSE 100 remained flat. In currency markets, the euro held steady against the US dollar, while the pound saw a modest increase.