# European Markets Steady as Alibaba Soars and Novo Nordisk Gains Amid Mixed Economic Signals
**Note**: This analysis is generated during European session, markets open. Event times in US Eastern Time.
## Major News
Global markets are experiencing mixed sentiment as key events unfold. In the U.S., futures are slightly down, with S&P 500 futures at 6,470.75 (-0.12%), Dow futures at 45,603.00 (-0.09%), and Nasdaq futures at 23,442.75 (-0.15%). European indices are showing a more positive outlook, with the Euro Stoxx 50 up 0.33%, CAC 40 up 0.06%, and FTSE 100 gaining 0.23%, while the DAX is marginally down 0.07%. The Nikkei index has decreased by 0.51%, reflecting ongoing concerns in the region.
Notable corporate news includes Alibaba’s shares surging due to strong cloud unit sales despite a revenue miss. Novo Nordisk saw a 3% rise following positive trial results for its drug Wegovy. In the commodities market, gold prices are climbing, nearing $3,480, driven by thin trading conditions due to U.S. Labor Day. The U.S. dollar is facing increased bearish bets, as indicated by CFTC data.
Market participants are closely watching upcoming economic indicators, particularly the Nonfarm Payrolls report.
## Performances
### US Futures
US futures indicate opening sign for cash market.
| Future | Price | Daily Change (%) |
|---|---|---|
| S&P 500 Futures | 6470.75 | -0.12 |
| Dow Futures | 45603.00 | -0.09 |
| Nasdaq Futures | 23442.75 | -0.15 |
### Major US Indices (Previous Close)
Previous close performance for US indices.
| Index | Price | Daily Change (%) |
|---|---|---|
| S&P 500 | 6461.82 | -0.42 |
| Dow Jones | 45551.40 | -0.09 |
| Nasdaq 100 | 23404.05 | -0.84 |
### European Indices Performance
| Index | Price | Daily Change (%) |
|---|---|---|
| Euro Stoxx 50 | 5369.21 | 0.33 |
| DAX | 23995.85 | -0.07 |
| CAC 40 | 7729.83 | 0.06 |
| FTSE 100 | 9208.71 | 0.23 |
### Nikkei Performance
| Index | Price | Daily Change (%) |
|---|---|---|
| Nikkei | 42148.04 | -0.51 |
### FX Performance
| Currency Pair | Price | Daily Change (%) |
|---|---|---|
| EUR/USD | 1.17 | 0.26 |
| USD/JPY | 147.15 | 0.02 |
| GBP/USD | 1.35 | 0.13 |
| USD/CHF | 0.80 | -0.14 |
| USD/CAD | 1.37 | 0.06 |
| AUD/USD | 0.65 | -0.05 |
| NZD/USD | 0.59 | 0.00 |
### Commodities Performance
| Commodity | Price | Daily Change (%) |
|---|---|---|
| Crude Oil | 63.75 | -0.31 |
| Gold | 3543.60 | 0.73 |
| Silver | 41.39 | 1.47 |
| Natural Gas | 3.02 | 1.55 |
### BTC and ETH Performance
| Crypto | Price | Daily Change (%) |
|---|---|---|
| Bitcoin | 108687.05 | 0.40 |
| Ethereum | 4425.17 | 0.81 |
## Economic Calendar of Today (Most Important Events)
The following table lists high-importance economic events for today, 2025-09-01, with times in US Eastern Time.
| Date | Time | Cur | Imp | Event | Actual | Forecast |
|---|---|---|---|---|---|---|
| 2025-09-01 | 02:00 | 🇬🇧 | Medium | Nationwide HPI (MoM) (Aug) | -0.1% | 0.1% |
| 2025-09-01 | 02:00 | 🇬🇧 | Medium | Nationwide HPI (YoY) (Aug) | 2.1% | |
| 2025-09-01 | 03:15 | 🇪🇺 | Medium | HCOB Spain Manufacturing PMI (Aug) | 54.3 | 52.1 |
| 2025-09-01 | 03:30 | 🇨🇭 | Medium | procure.ch Manufacturing PMI (Aug) | 49.0 | 46.9 |
| 2025-09-01 | 03:45 | 🇪🇺 | Medium | HCOB Italy Manufacturing PMI (Aug) | 49.8 | |
| 2025-09-01 | 03:50 | 🇪🇺 | Medium | HCOB France Manufacturing PMI (Aug) | 49.9 | |
| 2025-09-01 | 03:55 | 🇪🇺 | Medium | HCOB Germany Manufacturing PMI (Aug) | 49.9 | |
| 2025-09-01 | 04:00 | 🇪🇺 | Medium | HCOB Eurozone Manufacturing PMI (Aug) | 50.5 | |
| 2025-09-01 | 04:30 | 🇬🇧 | Medium | S&P Global Manufacturing PMI (Aug) | 47.3 | |
| 2025-09-01 | 05:00 | 🇪🇺 | Medium | Unemployment Rate (Jul) | 6.2% | |
| 2025-09-01 | 08:00 | 🇪🇺 | Medium | ECB’s Schnabel Speaks | ||
| 2025-09-01 | 13:30 | 🇪🇺 | Medium | ECB President Lagarde Speaks | ||
| 2025-09-01 | 21:30 | 🇦🇺 | Medium | Current Account (Q2) | -15.9B | |
| 2025-09-01 | 23:35 | 🇯🇵 | Medium | 10-Year JGB Auction |
**Notes**:
– **Cur**: Currency associated with the event (with flag emoji).
– **Imp**: Importance (High, Medium, Low, None).
– **Actual**: Reported value (if available).
– **Forecast**: Expected value (if available).
On September 1, 2025, several key economic events are poised to impact market sentiment, particularly concerning the GBP and EUR.
At 02:00 ET, the Nationwide House Price Index (HPI) for August revealed a surprising decline of -0.1%, diverging from the forecast of 0.1%. This unexpected drop could exert downward pressure on the GBP as it raises concerns about the UK housing market’s health. The YoY figure of 2.1% lacks a forecast for comparison but may provide some support for the currency.
The Eurozone also sees significant data releases. At 03:15 ET, Spain’s HCOB Manufacturing PMI unexpectedly surged to 54.3, well above the forecast of 52.1, suggesting robust manufacturing activity and potentially strengthening the EUR. Conversely, Switzerland’s procure.ch Manufacturing PMI came in at 49.0, above expectations of 46.9, indicating slight expansion in the sector.
The Eurozone’s broader manufacturing sentiment will be assessed at 04:00 ET with the HCOB Eurozone Manufacturing PMI forecast at 50.5. Additionally, market participants will be attentive to speeches by ECB officials later in the day, including President Lagarde at 13:30 ET, which could further influence EUR dynamics.
Overall, the day’s events highlight a mixed economic landscape, with potential volatility for GBP and EUR currencies.
In the UK, the Nationwide House Price Index (HPI) revealed a surprising decline of -0.1% month-over-month, diverging from the forecasted 0.1% increase, which may exert downward pressure on the GBP. The S&P Global Manufacturing PMI also disappointed with a reading of 47.3, indicating contraction, further complicating the outlook for the pound.
Conversely, the Eurozone’s HCOB Spain Manufacturing PMI significantly outperformed expectations at 54.3, suggesting robust sector activity and potentially strengthening the EUR. However, other PMI figures from Italy, France, and Germany remain to be released, adding uncertainty to the Euro’s trajectory.
