LIVE MARKETS-Trump's AI pledge outweighs tariff fears; STOXX at record
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com
TRUMP'S AI PLEDGE OUTWEIGHS TARIFF FEARS; STOXX AT RECORD
Europe's STOXX 600 is at a record high on Wednesday, up 0.7% as rising healthcare names, insurers and tech stocks support the index, and investors shrug off tariff fears despite fresh threats from U.S. President Donald Trump.
Trump's announcement of a private-sector $500 billion investment in AI infrastructure is boosting certain European names.
The index's top riser is Siemens Energy ENR1n.DE, up 7.4%.
The news sent the U.S.'s Oracle shares ORCL.N listed in Frankfurt up almost 9%, with Trump saying the company would make a large investment in artificial intelligence infrastructure, together with OpenAI and SoftBank 9984.T.
Elsewhere, chocolate maker and cocoa processor Barry Callebaut BARN.S is down 5.4% at the bottom of the index after reporting a lower sales volume than expected for its first quarter.
In the UK, wealth manager Quilter QLT.L is topping the FTSE, rising 3.5% and near 5-year high on a Q4 trading update.
Previous metal miner Hochschild HOCM.L is the FTSE's biggest faller, off 15.7% after a Q4 2024 production report.
Overall healthcare SXDP names are the best off sector in Europe, rising 1.2%, with Novo Nordisk's 2.7% rise a major positive weight. On the flipside, telecoms are down 0.4%.
(Lucy Raitano)
*****
FOR WEDNESDAY'S OTHER LIVE MARKETS POSTS
EUROPE BEFORE THE BELL: FUTURES UP AS TRADERS DIGEST TRUMP COMMENTS CLICK HERE
THEY DO KNOW STARGATE IS SCI-FI, RIGHT? CLICK HERE
Related Articles
What to Watch in Nvidia’s Q2 FY2026 Earnings: AI Growth, Margins, and Market Impact
TradingKey - NVIDIA Corporation (NASDAQ: NVDA) will report its Q2 FY2026 earnings on Wednesday, August 27, 2025, after the U.S. market closes. The earnings call is scheduled for 5:00 p.m. Eastern Time. With Nvidia being a bellwether in AI, gaming, and data center markets, and carrying significant...
U.S. July PCE and Q2 GDP Preview: With Rate Cuts Looming, Will U.S. Stocks Continue to Rise?
TradingKey - On 28-29 August 2025, the U.S. will release July PCE and Q2 GDP data. Market expectations suggest both headline and core PCE will rise 0.3% month-over-month, consistent with June figures. For growth, in line with the preliminary estimate on 30 July, the revised Q2 annualised real GDP gr
U.S. Dollar Index: Assessing Its Future Trend Through Macro Analysis of the U.S., Eurozone, Japan, and U.K.
TradingKey - Looking ahead, in the U.S., slowing economic growth combined with ongoing interest rate cuts will exert downward pressure on the dollar. In the Eurozone, weak economic performance and continued ECB rate cuts will likely depreciate the euro, indirectly supporting the U.S. Dollar Index...
Powell's Jackson Hole Speech: For U.S. Stocks, Hawk or Dove Signal Could Be a Lose-Lose?
TradingKey - As U.S. inflation and labor market data show signs of rebalancing, Treasury traders and Wall Street banks have largely priced in a rate cut at the September FOMC meeting — the first of 2025. Yet both a more dovish-than-expected tone and a potential surprise hawkish signal from Fed Chair
Eurozone Q2 GDP Commentary: Will the Euro's Upward Momentum Persist?
TradingKey - On 14 August 2025, Eurostat published Q2 GDP figures, revealing a drop in the Eurozone's quarter-on-quarter growth from 0.6% in the first quarter to 0.1%. Consequently, annual growth eased from 1.5% to 1.4%. The slowdown primarily stems from the diminishing boost from European...
