Tuesday on European stock exchanges brings mixed investor sentiment. Today’s macroeconomic calendar remains relatively empty, with market attention focused on Ivey PMI data from Canada and new updates on tariffs. Current quotes for major European index contracts are as follows:
Source: xStation
Currently observed volatility on the broader European market. Source: xStation
The German DE40 index is gaining 0.47% during today’s session and remains above the support zone set by the 50-day exponential moving average (blue curve on the chart). As long as the D40 remains above this zone, the overall upward trend remains stable (as determined by the exponential moving averages). The 14-day RSI indicator is returning to around 58 points (neutral values). Source: xStation
Market news
The Management Board and Supervisory Board of Daimler Truck Holding AG (DTG.DE) today decided to launch a new share buyback program. Starting in the second half of 2025, the company plans to purchase up to €2 billion worth of its own shares over a maximum period of two years (excluding additional acquisition costs). The company’s shares are currently down 0.41%.
Pandora (PNDORA.DK) shares fell 1.1% today after former President Trump confirmed the introduction of a 36% tariff on imports from Thailand, where Pandora manufactures most of its jewelry. This high tariff is expected to significantly increase Pandora’s costs, with management estimating that the potential annual impact could be as high as $175 million if the measure is fully implemented. The company has warned that it may be forced to raise prices or adjust its supply chain to offset these new expenses, but investors remain concerned about the risk to profitability and sales in the United States. The unexpected introduction of the tariff and its scale have increased market uncertainty, putting pressure on Pandora’s shares as the company struggles with an unstable trading environment.
Glencore (GLEN.UK) shares rose 2.5% today after JPMorgan upgraded its rating to “Overweight” and set a target price of £3.60, signaling a potential 20% increase from yesterday’s closing prices. The rating upgrade came after a period of weaker performance, during which Glencore lagged behind the MSCI Europe index due to poor operating results and a sharp decline in coal prices.
JPMorgan’s positive outlook is based on expectations of a significant increase in copper production and overall group production in the second half of 2025, which could lead to a significant rebound in earnings over the next two years. The bank also highlights Glencore’s high return on capital and strategic flexibility, including the possibility of spinning off its coal assets, which could further boost the company’s valuation.
Other news from individual DAX companies. Source: Bloomberg Financial LP
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