Saab shares pop 10%
Shares of Saab have been final seen buying and selling 10% larger, after the corporate reported stronger-than-expected revenue and gross sales development for the second quarter.
— Chloe Taylor
European shares open larger
The German share worth index DAX graph is pictured on the inventory change in Frankfurt, Germany, Might 7, 2025.
Employees | Reuters
We’re round quarter-hour into the ultimate session of the week, and European shares are broadly transferring larger as buying and selling kicks off.
The pan-European Stoxx 600 was final seen 0.3% larger, with most sectors in constructive territory.
Amongst main bourses, the French CAC 40 is main positive aspects on a bounce of 0.5%.
Germany’s DAX and London’s FTSE 100 have been final seen buying and selling 0.3% and 0.1% larger, respectively.
— Chloe Taylor
Protection big Saab experiences revenue beat amid ‘massive curiosity in merchandise’
A Swedish Air Power Saab JAS 39 Gripen jet fighter lands throughout the NATO’s Ramsteign Flag 2025 exercice at Leeuwarden Air Base on April 8, 2025.
John Thys | Afp | Getty Photos
Swedish protection big Saab reported stronger-than-expected second working earnings of 1.98 billion Swedish krona ($200 million) this morning.
It marks a 49% bounce from the identical interval a yr in the past, and beat the 1.71 billion krona anticipated by analysts polled by LSEG.
Quarterly gross sales rose by a better-than-expected 30% yr on yr.
“We’re strengthening our market place and see a continued massive curiosity in our merchandise and options,” Micael Johansson, President and CEO of Saab, mentioned in an announcement alongside the outcomes. “Saab’s gross sales development is excessive and we proceed to take a position to construct capability and meet long-term robust demand from the defence sector.”
Saab manufactures a variety of army {hardware} together with fighter techniques, weaponry and submarines.
— Chloe Taylor
Burberry gross sales noticed smaller-than-expected decline in first quarter
Pedestrians stroll previous the window show of the shop of British trend label Burberry, in central London, on September 2, 2024.
Henry Nicholls | Afp | Getty Photos
Burberry‘s comparable retailer gross sales fell by a smaller than anticipated 1% in its fiscal first quarter, as the luxurious trend home touted its turnaround technique as “positioning the enterprise for a return to sustainable, worthwhile development.”
Analysts had been anticipating a year-on-year decline of three%, in line with information company Reuters.
Throughout the identical interval a yr in the past, comparable gross sales fell by 21% yr on yr.
— Chloe Taylor
EU-U.S. commerce settlement framework was ‘shut’ earlier than 30% tariff risk
Poland’s Undersecretary of State Michal Baranowski arrives for a EU Overseas Affairs Council of commerce ministers on the Europa constructing in Brussels, on Might 15, 2025.
Simon Wohlfahrt | Afp | Getty Photos
Michal Baranowski, Polish undersecretary of state on the ministry of financial growth and know-how, has been talking to CNBC this morning concerning the European Union’s commerce negotiations with the Trump administration.
Over the weekend, U.S. President Donald Trump despatched the bloc a letter informing officers that he would slap 30% tariffs on EU items ranging from August.
“On the large image, we have been shut earlier than we obtained this letter,” Baranowski informed CNBC’s “Europe Early Version.”
“It’s little bit of a rollercoaster negotiations for everybody. So, I might say that we’re actually shut however, in fact, we might be there solely till we are able to truly put some issues on paper.”
— Sam Meredith, Chloe Taylor
What to look at at this time
It is one other busy day on the earnings entrance, with Danske Financial institution, Saab, Skanska and Burberry among the many regional corporations set to replace buyers on their funds.
As for financial knowledge, Germany will launch its June producer worth index figures, Italian building output figures are due, and Spain will publish its newest steadiness of commerce figures.
— Chloe Taylor
Right here’s what’s transferring markets
A small duplicate of the Charging Bull statue is seen on a avenue vendor stall outdoors the New York Inventory Trade on July 11, 2025.
Jeenah Moon | Reuters
Optimistic sentiment on the U.S. financial system has been fueling a flurry of constructive buying and selling throughout the globe. On Wall Avenue, the S&P 500 closed at am all-time excessive on Thursday, whereas the Nasdaq Composite additionally hit a report excessive.
Higher-than-expected earnings from Netflix, PepsiCo, United Airways additionally helped carry U.S. indexes larger.
In a single day within the Asia-Pacific area, Australian shares reached a report excessive after rising unemployment figures fueled bets of a fee reduce from the nation’s central financial institution. Buyers within the area have been additionally reacting to a cooling inflation print out of Japan.
In Europe, buyers are nonetheless monitoring commerce tensions between the European Union and the USA.
— Chloe Taylor
Opening calls
Shomos Uddin | Second | Getty Photos
Good morning from London.
European shares look set to maneuver larger at Friday’s opening bell. Futures tied to the Euro Stoxx 50 have been final seen 0.35% larger.
These tied to Germany’s DAX index are round 0.45% larger, whereas futures tied to London’s FTSE 100 have been final seen up by 0.3%.
— Chloe Taylor
