# European Markets Mixed Amid Trade Tensions and Economic Concerns as Major Indices Show Divergent Performance
**Note**: This analysis is generated during European session, markets open. Event times in US Eastern Time.
## Major News
Global markets exhibited mixed sentiment today, reflecting ongoing economic uncertainties and geopolitical tensions. U.S. stock futures were flat, with S&P 500 futures down 0.10%, Dow futures declining 0.19%, and Nasdaq futures slightly lower by 0.01%. This follows a strong session on Thursday where all major indices reached new closing highs, fueled by optimism surrounding potential interest rate cuts.
In Europe, equities traded unevenly as investors digested economic data and monetary policy outlooks. The Euro Stoxx 50 saw a modest gain of 0.005%, while the DAX and CAC 40 fell by 0.08% and 0.10%, respectively. The FTSE 100 outperformed with a 0.28% increase. Notably, Vestas shares dropped 4% after the U.S. rejected offshore wind projects, impacting market sentiment.
The Nikkei index declined by 0.14%, reflecting cautious trading amid regional geopolitical developments.
On the commodities front, gold prices are attempting to breach the $3,650 mark, reversing a prior decline. Meanwhile, the Chinese government warned Mexico against raising tariffs, indicating potential countermeasures that could further strain global trade dynamics. Overall, market participants remain
## Performances
### US Futures
US futures indicate opening sign for cash market.
| Future | Price | Daily Change (%) |
|---|---|---|
| S&P 500 Futures | 6584.75 | -0.10 |
| Dow Futures | 46068.00 | -0.19 |
| Nasdaq Futures | 24008.50 | -0.01 |
### Major US Indices (Previous Close)
Previous close performance for US indices.
| Index | Price | Daily Change (%) |
|---|---|---|
| S&P 500 | 6586.70 | 0.49 |
| Dow Jones | 46104.89 | 1.16 |
| Nasdaq 100 | 24007.99 | 0.21 |
### European Indices Performance
| Index | Price | Daily Change (%) |
|---|---|---|
| Euro Stoxx 50 | 5387.41 | 0.00 |
| DAX | 23748.14 | -0.08 |
| CAC 40 | 7823.11 | -0.10 |
| FTSE 100 | 9323.88 | 0.28 |
### Nikkei Performance
| Index | Price | Daily Change (%) |
|---|---|---|
| Nikkei | 44741.82 | -0.14 |
### FX Performance
| Currency Pair | Price | Daily Change (%) |
|---|---|---|
| EUR/USD | 1.17 | 0.01 |
| USD/JPY | 147.44 | 0.18 |
| GBP/USD | 1.36 | -0.11 |
| USD/CHF | 0.80 | 0.04 |
| USD/CAD | 1.38 | 0.02 |
| AUD/USD | 0.67 | -0.07 |
| NZD/USD | 0.60 | -0.12 |
### Commodities Performance
| Commodity | Price | Daily Change (%) |
|---|---|---|
| Crude Oil | 61.95 | 0.18 |
| Gold | 3686.00 | -0.16 |
| Silver | 42.70 | 0.11 |
| Natural Gas | 2.91 | -0.10 |
### BTC and ETH Performance
| Crypto | Price | Daily Change (%) |
|---|---|---|
| Bitcoin | 115192.66 | -0.27 |
| Ethereum | 4529.94 | 1.54 |
## Economic Calendar of Today (Most Important Events)
The following table lists high-importance economic events for today, 2025-09-12, with times in US Eastern Time.
| Date | Time | Cur | Imp | Event | Actual | Forecast |
|---|---|---|---|---|---|---|
| 2025-09-12 | 00:30 | 🇯🇵 | Medium | Industrial Production (MoM) (Jul) | -1.2% | -1.6% |
| 2025-09-12 | 02:00 | 🇬🇧 | High | GDP (MoM) (Jul) | 0.0% | 0.0% |
| 2025-09-12 | 02:00 | 🇬🇧 | Medium | Industrial Production (MoM) (Jul) | -0.9% | 0.0% |
| 2025-09-12 | 02:00 | 🇬🇧 | Medium | Manufacturing Production (MoM) (Jul) | -1.3% | 0.1% |
| 2025-09-12 | 02:00 | 🇬🇧 | Medium | Monthly GDP 3M/3M Change (Jul) | 0.2% | 0.2% |
| 2025-09-12 | 02:00 | 🇬🇧 | Medium | Trade Balance (Jul) | -22.24B | -21.60B |
| 2025-09-12 | 02:00 | 🇬🇧 | Medium | Trade Balance Non-EU (Jul) | -10.16B | |
| 2025-09-12 | 02:00 | 🇪🇺 | Medium | German CPI (YoY) (Aug) | 2.2% | 2.2% |
| 2025-09-12 | 02:00 | 🇪🇺 | High | German CPI (MoM) (Aug) | 0.1% | 0.1% |
| 2025-09-12 | 02:45 | 🇪🇺 | Medium | French CPI (MoM) (Aug) | 0.4% | 0.4% |
| 2025-09-12 | 02:45 | 🇪🇺 | Medium | French HICP (MoM) (Aug) | 0.5% | 0.5% |
| 2025-09-12 | 03:00 | 🇪🇺 | Medium | Spanish CPI (YoY) (Aug) | 2.7% | 2.7% |
| 2025-09-12 | 03:00 | 🇪🇺 | Medium | Spanish HICP (YoY) (Aug) | 2.7% | 2.7% |
| 2025-09-12 | 04:15 | 🇪🇺 | Medium | German Buba President Nagel Speaks | ||
| 2025-09-12 | 06:30 | 🇮🇳 | Medium | CPI (YoY) (Aug) | 2.10% | |
| 2025-09-12 | 06:30 | 🇷🇺 | Medium | Interest Rate Decision (Sep) | 16.00% | |
| 2025-09-12 | 07:00 | 🇬🇧 | Medium | NIESR Monthly GDP Tracker (Aug) | ||
| 2025-09-12 | 07:30 | 🇨🇳 | Medium | New Loans (Aug) | 700.0B | |
| 2025-09-12 | 08:00 | 🇷🇺 | Medium | CBR Press Conference | ||
| 2025-09-12 | 08:30 | 🇨🇦 | Medium | Building Permits (MoM) (Jul) | 3.7% | |
| 2025-09-12 | 10:00 | 🇺🇸 | Medium | Michigan 1-Year Inflation Expectations (Sep) | ||
| 2025-09-12 | 10:00 | 🇺🇸 | Medium | Michigan 5-Year Inflation Expectations (Sep) | ||
| 2025-09-12 | 10:00 | 🇺🇸 | Medium | Michigan Consumer Expectations (Sep) | 54.9 | |
| 2025-09-12 | 10:00 | 🇺🇸 | Medium | Michigan Consumer Sentiment (Sep) | 58.2 | |
| 2025-09-12 | 12:00 | 🇺🇸 | Medium | WASDE Report | ||
| 2025-09-12 | 12:00 | 🇷🇺 | Medium | GDP Quarterly (YoY) (Q2) | 1.1% | |
| 2025-09-12 | 13:00 | 🇺🇸 | Medium | U.S. Baker Hughes Oil Rig Count | ||
| 2025-09-12 | 13:00 | 🇺🇸 | Medium | U.S. Baker Hughes Total Rig Count | ||
| 2025-09-12 | 15:30 | 🇬🇧 | Medium | CFTC GBP speculative net positions | ||
| 2025-09-12 | 15:30 | 🇺🇸 | Medium | CFTC Crude Oil speculative net positions | ||
| 2025-09-12 | 15:30 | 🇺🇸 | Medium | CFTC Gold speculative net positions | ||
| 2025-09-12 | 15:30 | 🇺🇸 | Medium | CFTC Nasdaq 100 speculative net positions | ||
| 2025-09-12 | 15:30 | 🇺🇸 | Medium | CFTC S&P 500 speculative net positions | ||
| 2025-09-12 | 15:30 | 🇦🇺 | Medium | CFTC AUD speculative net positions | ||
| 2025-09-12 | 15:30 | 🇧🇷 | Medium | CFTC BRL speculative net positions | ||
| 2025-09-12 | 15:30 | 🇯🇵 | Medium | CFTC JPY speculative net positions | ||
| 2025-09-12 | 15:30 | 🇪🇺 | Medium | CFTC EUR speculative net positions |
**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 12, 2025, key economic indicators revealed mixed results, impacting market sentiment, particularly for the GBP and JPY.
The Japanese Industrial Production for July showed a decline of -1.2%, outperforming the forecasted -1.6%, which may provide slight support for the JPY as it indicates less severe contraction in manufacturing than expected.
In the UK, the economic data presented a concerning picture. The GDP growth for July remained flat at 0.0%, matching expectations, but the Industrial Production fell by -0.9%, significantly missing the forecast of 0.0%. Furthermore, Manufacturing Production dropped by -1.3%, against a predicted increase of 0.1%. The trade balance also worsened, with a deficit of -22.24B compared to a forecast of -21.60B. These disappointing figures are likely to exert downward pressure on the GBP.
In the Eurozone, German and French CPI figures met expectations, indicating stable inflation, which may support the EUR. The upcoming speeches and reports, including the Michigan Consumer Sentiment index in the U.S., will further influence market dynamics, especially for the USD. Overall, the GBP is likely to face selling pressure, while the JPY could see moderate support amid its industrial data.
## Remaining Economic Calendar Comment for the Week (Important Events Only)
The week of September 8, 2025, featured significant economic data releases impacting various currencies.
In the Eurozone, German Industrial Production exceeded expectations at 1.3%, compared to a forecast of 1.1%, while the Trade Balance fell short at €14.7 billion against a forecast of €15.7 billion. The ECB’s interest rate decision was in line with expectations at 2.15%, contributing to a stable euro. The ECB Press Conference and comments from President Lagarde are anticipated to provide further insights into monetary policy.
In the U.S., consumer credit surged to $16.01 billion, significantly above the expected $10.40 billion, indicating robust consumer spending. However, initial jobless claims rose to 263,000, exceeding the forecast of 235,000, which may raise concerns about labor market strength. Core CPI remained steady at 3.1%, aligning with forecasts, while the Federal Budget Balance showed a larger deficit than expected at -$345 billion.
In the UK, GDP growth was flat at 0.0%, while industrial production declined by 0.9%, both meeting forecasts but indicating economic stagnation. The pound may experience volatility in response to these mixed signals.
Overall, the week’s data suggests a cautious outlook for the euro and pound, while the dollar’s strength may be bolstered by positive consumer credit figures amidst mixed labor market signals.
