European stocks traded steady as Unilever’s strong Q2 earnings lifted consumer‑sector shares, helping to counterbalance a broader decline in semiconductor stocks.
Royal Philips NV reported better‑than‑expected operating profitability for Q2, helped by robust sales of its medical scanners and a refund of tariffs imposed by the United States.
ASML shares fell to their lowest level since early June after a report that a Chinese state‑backed firm has started mass‑producing deep‑ultraviolet (DUV) lithography tools, which could erode demand for ASML’s equipment.
Spanish companies such as Santander, Iberdrola, Repsol, Naturgy, Acerinox and Inditex, together with European firms ASML, ING, UniCredit and AXA, have reached unprecedented share price levels, and experts are confident about their upward trajectory.
IREN, a European Bitcoin miner, announced that it has signed $2.8 billion of new contracts with AI developers and consequently increased its AI cloud revenue target for the year to more than $4 billion, sending its shares up 16%.
The Rotterdam court ordered the bankruptcy of crypto platform Knaken after determining the company lacked sufficient assets to repay its users, leading to an orderly settlement process.
ASML Holding NV released results during a period of significant investor concern over a selloff in AI-inflated technology stocks. The company’s results are considered particularly significant given market volatility.
ASML and other chip equipment suppliers experienced share price increases as South Korean chipmakers Samsung and SK Hynix announced plans for increased investments, boosting investor sentiment in the semiconductor equipment sector.
Prosus CEO Fabricio Bloisi stated that the company’s food delivery subsidiary Just Eat will begin delivering growth within the next few months and is planning global expansion. Prosus reported more than doubled profit in its last fiscal year, exceeding analyst expectations due to strong performance in its e-commerce businesses.
Prosus NV reported profit more than doubling in its last fiscal year, exceeding analyst expectations. The strong performance was driven by growth in the company’s e-commerce businesses and an appreciation in the value of its significant stake in Chinese technology company Tencent Holdings.