European Stocks Rise on Earnings, US Trade DealBrussels, 29 Jul (ONA) — European stocks today climbed amid a wave of corporate earnings, while investors assessed the implications of a trade agreement signed this week between the US and the European Union (EU).
The STOXX 600 European index rose by approximately 0.51 percent, or about 2.86 points, to reach 551.60 points. Most regional markets advanced, with Germany’s DAX and France’s CAC both increasing by 0.5 percent.
In individual stocks, shares of the French-Italian eyewear group EssilorLuxottica jumped 5.4 percent after the company announced an increase in operating profits for the first half of the year (2025), despite the negative impact of tariffs.
Dutch healthcare company Philips saw its stock rise 9 percent, topping the index, after the company lowered its expectations for the impact of tariffs following the US-EU trade deal.
On the downside, Inchcape’s shares fell 6.3 percent, making it the biggest loser on the index after the company reported a decline in first-half profits due to the effect of tariffs.— Ends/Khalid