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European Stocks Rebound as Investors Shrug Off U.S. Tariff Threats
6 Aug
Summary
- European stocks rise for third straight session
- Commerzbank, Siemens Energy post strong quarterly results
- Novo Nordisk maintains outlook, Trump threatens pharma tariffs
On August 6th, 2025, European stocks continued their rebound, with the pan-European STOXX 600 index rising 0.3% as of 9:13 AM GMT. This marked the third consecutive session of gains after the index had touched a five-week low last Friday.
Germany's DAX and France's CAC 40 also climbed 0.5% and 0.4% respectively. The gains came despite fresh U.S. tariff threats, as investors appeared to focus more on a mixed bag of corporate earnings reports.
Commerzbank, the German lender, posted a quarterly net profit that exceeded expectations and raised parts of its full-year outlook, sending its shares nearly 1% higher. Meanwhile, Siemens Energy said it expects to hit the upper end of its 2025 growth outlook estimates, with its stock rising 1.2%.
However, the healthcare sector slipped 0.7%, weighed down by a 1.3% drop in Novo Nordisk. The Danish drugmaker had maintained its full-year outlook, just days after slashing its 2025 sales forecast, leading to a nearly $95 billion loss in market value last week. Adding to the sector's woes, U.S. President Donald Trump said Washington would initially place a "small tariff" on pharmaceutical imports, eventually increasing it to 250%.
Despite the mixed news, European investors appeared to be focusing on the positive corporate results, shrugging off the latest trade tensions with the United States.
