• Wed, Aug 5, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Market & Economic Intelligence Platform Insight on Macro, Commodities, Equities & Policy

5 August 2026 15:05  |

Hopes for Peace Lift European Markets

European stock markets rose during Wednesday's trading (August 5) as investors monitored corporate earnings reports and developments in US-Iran negotiations. The STOXX 600 index climbed approximately 0.4% to 659.29 after US President Donald Trump described talks with Iran as going very well. Mining stocks led the gains, rising about 2.4%.

Individual stock performance was mixed. Novo Nordisk fell 3.5% despite raising its annual sales and profit forecasts, as the market was disappointed by sales of the Wegovy pill and trial results for the obesity drug CagriSema. Conversely, Sandoz surged 7% after reporting 9% sales growth for the second quarter.

Siemens Energy rose 3.9% after posting its best-ever third-quarter results, driven by high demand linked to AI data center construction and the Middle East region. Market sentiment in Europe remains positive, though the rally's continuation will depend on the outcome of Hormuz negotiations and the ability of companies to sustain profit growth. (asd)

Source: Newsmaker.id

Related News

MARKET UPDATE

Asia Down for 3 Days, Oil Rises

Asian markets continued their decline for a third day, while oil prices edged higher as the war in Iran was seen as potential...

4 March 2026 07:26
MARKET UPDATE

Asia Rises, Wall Street Breaks Record!

Asian stocks rallied on Friday after Wall Street's major indexes hit record highs, buoyed by a rally in artificial intelligen...

15 May 2026 08:00
MARKET UPDATE

Asia Sets Record, US Yields Rise: CPI Markets Await

Asian stocks rallied for a fifth straight day on Wednesday, with the MSCI Asia Pacific Index rising about 0.4% to hit another...

12 February 2026 07:26
MARKET UPDATE

Asia Slightly Red, Yen Remains Strong: Korean Tariffs Make ...

Asian markets moved slightly lower after tariff concerns resurfaced. South Korea was the focus: the Kospi fell around 0.9%, w...

27 January 2026 07:23
BIAS23.com BIAS23.com NM23 Ai