[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Neil Sethi [@neilksethi](/creator/twitter/neilksethi) on x 12.4K followers Created: 2025-07-23 12:50:40 UTC In Europe the benchmark #STOXX XXX is up X% as of XXXX ET, encouraged by the potential for a EU/US trade deal following the Japan/US deal announced Tuesday, moving towards the top of its range since early May. Major European indices are trading solidy higher Germany's DAX: +0.6%, U.K.'s FTSE 100: +0.5%, France's CAC 40: +1.0%, Italy's FTSE MIB: +1.3%, Spain's IBEX 35: +0.9%. [Note: easier to read if you click into the post.] Despite raised hopes for an EU trade deal, the European Union has readied plans to quickly hit the US with XX% tariffs on some €100 billion ($117 billion) worth of goods in the event of no deal and if US President Donald Trump carries through with his threat to impose that rate on most of the bloc’s exports after Aug. X. As a part of a first wave of countermeasures, the EU would combine an already approved list of tariffs on €21 billion of US goods and a previously proposed list on an additional €72 billion of American products into one package, a European Commission spokesman said on Wednesday. The US exports, which include industrial goods such as Boeing Co. aircraft, US-made cars and bourbon whiskey, would face a levy that matches Trump’s XX% threat, according to people familiar with the matter. Turkey’s central bank is expected to make its first interest-rate cut since a political crisis in March, which caused policymakers to reverse an easing cycle. The Monetary Policy Committee led by Governor Fatih Karahan is poised to agree to a reduction of XXX basis points to 43.5%, according to the median forecast of XX economists surveyed by Bloomberg. There are two notable dissenters: Goldman Sachs Group Inc. is predicting a bigger cut of XXX basis points while Capital Economics Ltd.’s Liam Peach penciled in a smaller one of XXX basis points. Shares of German software giant SAP, Europe’s biggest listed firm, are around XXX% lower after the company reported a X% year-on-year revenue rise to XXXX billion euros ($10.6 billion), shy of an LSEG-compiled consensus forecast of XXXX billion euros. Operating profit came in just ahead of estimates at XXXX billion euros, up XX% year-on-year. The firm reiterated its full-year 2025 outlook, despite noting that the “prevailing dynamic environment implies elevated levels of uncertainty and reduced visibility.” SAP also flagged that strength in the euro against the U.S. dollar was having a negative impact on its reported revenue growth figures. Shares of Dutch semiconductor equipment manufacturer ASM International, another regional heavyweight, were down XX% by 8:45 a.m. London time (3:45 a.m. ET). The company reported its second-quarter results after the close on Tuesday, with quarterly bookings coming in at a lower-than-expected XXXXX million euros ($824.4 million). Shares of Finnish telecoms giant Nokia were down X% in early trade on Wednesday, after the company issued a profit warning. Unicredit reported solid results and withdrew its bid for Banco BPM. Volvo and Stellantis are on the rise after the announcement of a U.S. trade deal with Japan which cut auto tariffs. Also leading gains in the tariffs-sensitive sector were Porsche, up XXX% higher, Stellantis, up 7%, and Volkswagen, up XXX% No data today.  XXXXX engagements  **Related Topics** [Sentiment](/topic/sentiment) [stocks](/topic/stocks) [trade deal](/topic/trade-deal) [Post Link](https://x.com/neilksethi/status/1948002827915104572)
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Neil Sethi @neilksethi on x 12.4K followers
Created: 2025-07-23 12:50:40 UTC
In Europe the benchmark #STOXX XXX is up X% as of XXXX ET, encouraged by the potential for a EU/US trade deal following the Japan/US deal announced Tuesday, moving towards the top of its range since early May. Major European indices are trading solidy higher
Germany's DAX: +0.6%, U.K.'s FTSE 100: +0.5%, France's CAC 40: +1.0%, Italy's FTSE MIB: +1.3%, Spain's IBEX 35: +0.9%.
[Note: easier to read if you click into the post.]
Despite raised hopes for an EU trade deal, the European Union has readied plans to quickly hit the US with XX% tariffs on some €100 billion ($117 billion) worth of goods in the event of no deal and if US President Donald Trump carries through with his threat to impose that rate on most of the bloc’s exports after Aug. X. As a part of a first wave of countermeasures, the EU would combine an already approved list of tariffs on €21 billion of US goods and a previously proposed list on an additional €72 billion of American products into one package, a European Commission spokesman said on Wednesday. The US exports, which include industrial goods such as Boeing Co. aircraft, US-made cars and bourbon whiskey, would face a levy that matches Trump’s XX% threat, according to people familiar with the matter.
Turkey’s central bank is expected to make its first interest-rate cut since a political crisis in March, which caused policymakers to reverse an easing cycle. The Monetary Policy Committee led by Governor Fatih Karahan is poised to agree to a reduction of XXX basis points to 43.5%, according to the median forecast of XX economists surveyed by Bloomberg. There are two notable dissenters: Goldman Sachs Group Inc. is predicting a bigger cut of XXX basis points while Capital Economics Ltd.’s Liam Peach penciled in a smaller one of XXX basis points.
Shares of German software giant SAP, Europe’s biggest listed firm, are around XXX% lower after the company reported a X% year-on-year revenue rise to XXXX billion euros ($10.6 billion), shy of an LSEG-compiled consensus forecast of XXXX billion euros. Operating profit came in just ahead of estimates at XXXX billion euros, up XX% year-on-year. The firm reiterated its full-year 2025 outlook, despite noting that the “prevailing dynamic environment implies elevated levels of uncertainty and reduced visibility.” SAP also flagged that strength in the euro against the U.S. dollar was having a negative impact on its reported revenue growth figures.
Shares of Dutch semiconductor equipment manufacturer ASM International, another regional heavyweight, were down XX% by 8:45 a.m. London time (3:45 a.m. ET). The company reported its second-quarter results after the close on Tuesday, with quarterly bookings coming in at a lower-than-expected XXXXX million euros ($824.4 million).
Shares of Finnish telecoms giant Nokia were down X% in early trade on Wednesday, after the company issued a profit warning. Unicredit reported solid results and withdrew its bid for Banco BPM. Volvo and Stellantis are on the rise after the announcement of a U.S. trade deal with Japan which cut auto tariffs. Also leading gains in the tariffs-sensitive sector were Porsche, up XXX% higher, Stellantis, up 7%, and Volkswagen, up XXX%
No data today.
XXXXX engagements
Related Topics Sentiment stocks trade deal