Dutch semiconductor giant ASMI drops 9% after 'lumpy' order intake

The Stoxx Europe Automobiles and Parts scale has jumped 4.3% aft Japan and the U.S. reached a "massive" commercialized deal, and President Donald Trump reportedly spoke to meal guests connected Tuesday astir EU officials visiting Washington for commercialized talks.

Leading gains successful the tariffs-sensitive assemblage are Porsche, past seen trading 7.4% higher, Stellantis, up 7%, and Volkswagen, up 6.4%.

— Chloe Taylor

Temenos stock price

Shares of Swiss fintech steadfast Temenos popped 21.2% by 10 a.m. successful London (5 a.m. ET), taking the institution to the apical of the Stoxx 600 index.

That came aft the banking bundle company's Chief Financial Officer Takis Spiliopoulos told Reuters that tariff-related "wobbles" that hampered deal-making earlier this twelvemonth were over.

The institution had earlier raised its full-year net earlier involvement and taxes (EBIT) maturation guidance to astatine slightest 9%, up from a erstwhile forecast of 5%. Earnings per stock are present forecast to turn astatine a complaint of 10% to 12% successful the existent fiscal year, up from a antecedently forecast scope of 7% to 9%.

— Chloe Taylor

SAP stock price.

Shares of German bundle giant SAP are astir 2.3% little aft the institution reported a 9% year-on-year gross emergence to 9.03 cardinal euros ($10.6 billion), shy of an LSEG-compiled statement forecast of 9.08 cardinal euros. Operating nett came successful conscionable up of estimates astatine 2.57 cardinal euros, up 32% year-on-year.

Europe's biggest listed steadfast reiterated its full-year 2025 outlook, contempt noting that the "prevailing dynamic situation implies elevated levels of uncertainty and reduced visibility." SAP besides flagged that spot successful the euro against the U.S. dollar was having a antagonistic interaction connected its reported gross maturation figures.

Chief Financial Officer Dominik Asam told CNBC's "Europe Early Edition" that macroeconomic volatility arsenic a effect of U.S. tariff argumentation had led customers to dilatory down their decision-making, but that helium was taking "some hope" from the Japan commercialized woody announced Tuesday.

Analysts astatine Deutsche Bank called maturation successful SAP's existent unreality backlog "strong" and said it was "continuing to execute precise well" amid challenges. Read much here.

ASMI stock price

Shares of Dutch semiconductor instrumentality shaper ASM International were down 10% by 8:45 a.m. London clip (3:45 a.m. ET).

The institution reported its second-quarter results aft the adjacent connected Tuesday, with quarterly bookings coming successful astatine a lower-than-expected 702.5 cardinal euros ($824.4 million).

Analyst estimates compiled by Visible Alpha had shown a statement anticipation of 843 millions euros, quality bureau Reuters reported.

ASMI said connected Tuesday that its bid intake had been "lumpy" successful the 2nd quarter.

— Chloe Taylor

Shares of Germany's apical carmakers roseate successful aboriginal greeting deals, boosted by hopes of a tariff breakthrough for the European Union aft the U.S. and Japan's commercialized deal.

Luxury automaker Porsche jumped 7%, with Volkswagen, Mercedes-Benz Group and BMW each trading implicit 4%.

Milan-listed Stellantis and French car parts shaper Valeo were besides up much than 4%.

— Sam Meredith

Shares of Finnish telecoms elephantine Nokia were down 7% successful aboriginal commercialized connected Wednesday, aft the institution issued a nett warning.

Nokia lowered its comparable operating nett guidance scope to 1.6 cardinal euros to 2.1 cardinal euros ($1.9 cardinal to $2.5 billion). It had antecedently expected the fig to autumn successful the scope of 1.9 cardinal euros to 2.4 cardinal euros.

"Since Nokia provided guidance successful January for the afloat twelvemonth 2025, 2 headwinds extracurricular its power are impacting the 2025 outlook," the institution said successful a precocious Tuesday statement.

"The largest headwind is currency fluctuations (particularly the weaker USD), an astir EUR 230 cardinal antagonistic interaction ... Also, the existent tariff scenery is expected to interaction afloat twelvemonth operating nett by EUR 50 cardinal to EUR 80 million."  

That represents a tariff deed of astir $94 million.

— Chloe Taylor

It's been 10 minutes since the opening bell, and European shares are broadly moving higher.

The pan-European Stoxx 600 was past seen up by 0.9%, with the tariff-sensitive autos assemblage jumping 3.5%.

That comes aft the U.S. signed a bumper commercialized woody with Japan, and President Donald Trump reportedly told guests astatine a meal successful Washington Tuesday that EU delegates were "coming successful tomorrow, the adjacent day."

— Chloe Taylor

More net reports are coming successful this morning, connected what's acceptable to beryllium a engaged time for firm fiscal updates.

Iberdrola posted a 14% year-on-year diminution successful first-half nett net to 3.6 cardinal euros ($4.2 billion).

The Spanish energy utilities elephantine besides launched a 5-billion-euro summation successful stock capital, saying the determination would screen its upcoming concern plan.

Equinor's adjusted earnings, meanwhile, fell 13% successful the 2nd quarter, successful enactment with expectations, arsenic declining lipid prices deed the Norwegian vigor group.

The institution besides booked a $955 cardinal impairment connected a cardinal offshore upwind task successful the U.S., successful airy of regulatory changes and tariffs.

— Matt Ward-Perkins

French defence contractor Thales raised its full-year income guidance connected Wednesday arsenic it reported stronger-than-expected profit.

The company's adjusted operating nett came successful astatine 1.25 cardinal euros ($1.47 billion) for the archetypal fractional of the year, marking a 13% leap from the archetypal six months of 2024.

Analysts had been anticipating the fig to deed 1.23 cardinal euros, according to LSEG data.

First-half income saw year-on-year maturation of 8.1% to scope 10.3 cardinal euros, which Thales attributed mostly to "a coagulated performance" successful its aerospace and defence divisions.

However, Thales besides said connected Wednesday that it was inactive anticipating "a contained nonstop interaction of tariffs" that could beryllium imposed connected EU goods by the Trump administration.

The company's guidance, it said, was based connected the presumption that 10% reciprocal tariffs would beryllium levied connected the EU, with its forecasts excluding immoderate imaginable retaliatory measures that mightiness beryllium taken by European leaders.

— Chloe Taylor

UniCredit on Wednesday posted a crisp second-quarter nett hike and lifted its full-year guidance, a time aft withdrawing its takeover bid for Italian adjacent Banco BPM amid absorption from Rome.

Italy's second-largest bank reported a 25% year-on-year hike successful nett net to 3.3 cardinal euros ($3.87 billion) successful the 2nd 4th erstwhile including one-off items, and 2.9 cardinal euros without them.

Read the afloat communicative here.

— Ruxandra Iordache

Good greeting from London, and invited to CNBC's unrecorded blog covering each the enactment and concern quality successful European fiscal markets connected Wednesday.

Futures information from IG suggest a affirmative unfastened for European indexes, with London's FTSE 100 seen opening 0.6% higher, France's CAC 40 up 1.2%, Germany's DAX up 1%, and Italy's FTSE MIB 1.2% higher.

European stocks declined again Tuesday as investors digested earnings from immoderate of the largest companies connected the continent, and weighed the imaginable of U.S. commercialized tariffs that volition footwear successful connected Aug. 1 unless a commercialized woody is reached.

Overnight, Asia-Pacific markets traded higher aft U.S. President Donald Trump announced that helium had completed a "massive Deal" with Japan, with a baseline tariff of 15% acceptable connected the country's exports to the United States. S&P 500 futures were small changed Tuesday evening aft the announcement.

— Holly Ellyatt