Market Movers European Session – European Indices Down, EURUSD Up

# Market Movers: European Session – European Indices Down, US Futures Retreat, Gold Up, EUR/USD Up

**Note**: This analysis is generated during the European market session, with European markets actively open. All economic event times are in US Eastern Time (New York time). Nikkei 225 is closed.

## Major News

**Current Market Overview**

As European markets open, they reflect a mixed sentiment amid ongoing concerns about inflation and economic growth forecasts. The DAX is trading at 23,989.35, down 0.21%, while the EURO STOXX 50 has dipped 0.32% to 5,379.24. The FTSE 100 has also seen a minor decline of 0.15%, settling at 9,202.80. Across the Atlantic, US futures are showing slight declines, with S&P 500 Futures at 6,506.75 (-0.16%), Nasdaq Futures at 23,710.25 (-0.25%), and Dow Futures at 45,596.00 (-0.24%). This cautious trading environment is largely influenced by upcoming inflation data and corporate earnings reports.

**Market Reactions and Stock Movements**

In the wake of a record high for the S&P 500 index, which reached an intraday peak on Thursday, markets are now bracing for critical inflation data that could dictate future movements. The mixed opening in Europe reflects a market still grappling with the implications of inflation and economic growth. Notably, Affirm’s shares surged by 15% after the company reported earnings that significantly exceeded Wall Street expectations, posting an earnings per share of 20 cents—almost double the anticipated figures. This positive performance contrasts with Nvidia, which is facing scrutiny over customer concentration as its top two clients accounted for 39% of its Q2 revenue, raising concerns about the chipmaker’s risk exposure.

**Geopolitical Factors and Tariffs**

Geopolitical tensions remain a focal point for market participants. Indian Prime Minister Narendra Modi’s upcoming visit to China, his first in seven years, is being viewed as a potential thawing of relations that soured following border clashes in 2020. This visit could have implications for trade and investment flows between the two nations, which may affect market sentiment. Additionally, Taiwan has reported a significant increase in China’s military spending in the Pacific, reaching $21 billion last year—up nearly 40% from 2023. These developments could impact investor confidence in the region, particularly as the U.S. and China navigate their complex trade relationship.

**Corporate Earnings and Strategic Moves**

Earnings reports continue to shape market dynamics, with companies like Ulta Beauty reporting growth across all major categories, prompting a raised full-year forecast. This suggests resilience in the beauty sector, even as consumers show caution in other discretionary spending areas. On the flip side, news surrounding Tesla’s Full Self-Driving (FSD) technology indicates a troubling trend; a recent survey suggests that more U.S. consumers are turning away from the technology than are drawn to it, despite extensive promotional efforts by Elon Musk.

In the tech sector, the implications of Nvidia’s customer concentration are being closely monitored by investors. A heavy reliance on a small number of clients can pose significant risks, particularly in a volatile market environment. Meanwhile, the broader implications of inflation data are expected to influence corporate strategies across various sectors, as companies respond to changing consumer behavior and economic conditions.

**Conclusion**

Overall, the European market session is characterized by a cautious outlook influenced by inflation concerns, geopolitical tensions, and mixed corporate earnings reports. As traders await critical inflation data, the performance of major indices and stock movements reflect a landscape where both opportunities and risks are prevalent. The interplay between corporate earnings and macroeconomic indicators will likely dictate market sentiment in the coming days, as investors navigate through a complex and evolving financial environment.

## Performances

### US Futures

The following table shows the latest price and daily performance of US futures.

**Note**:
– Prices are in USD.
– Daily Change (%) is calculated as (Close – Previous Close) / Previous Close * 100.
– ‘N/A’ indicates data not available.

### European and Asian Indices

The following table shows the latest closing price and daily performance of major European and Asian indices.

**Note**:
– Prices are in local currency or points.
– Daily Change (%) is calculated as (Close – Previous Close) / Previous Close * 100.
– ‘N/A’ indicates data not available.
– Nikkei 225 is closed during European session.

### FX Performance

The following table shows the latest exchange rate and daily performance of major currency pairs.

**Note**:
– Prices are the exchange rate (e.g., EUR/USD = USD per EUR).
– Daily Change (%) is calculated as (Close – Previous Close) / Previous Close * 100.
– ‘N/A’ indicates data not available.

### Commodities Performance

The following table shows the latest price and daily performance of major commodities.

**Note**:
– Prices are in USD per unit (e.g., per barrel for Crude Oil, per ounce for Gold).
– Daily Change (%) is calculated as (Close – Previous Close) / Previous Close * 100.
– ‘N/A’ indicates data not available.

### BTC and ETH Performance

The following table shows the latest price and daily performance of BTC and ETH.

**Note**:
– Prices are in USD.
– Daily Change (%) is calculated as (Close – Previous Close) / Previous Close * 100.
– ‘N/A’ indicates data not available.

## Economic Calendar of Today (Most Important Events)

The following table lists high-importance economic events for today, 2025-08-29, with times in US Eastern Time.

**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 August 29, 2025, several key economic indicators are set to influence financial markets, particularly as the European session is actively open, reflecting real-time trading activity.

At 08:00 (US Eastern Time), the German Consumer Price Index (CPI) for August is expected to show no month-over-month change, forecasted at 0.0%. This data is crucial as it may provide insights into inflation trends within the Eurozone, potentially impacting the Euro’s strength against other currencies.

Shortly thereafter, at 08:30 (US Eastern Time), the U.S. Core Personal Consumption Expenditures (PCE) Price Index will be released for July. The month-over-month increase is forecasted at 0.3%, while the year-over-year figure is projected at 2.9%. These metrics are critical as the Core PCE is the Federal Reserve’s preferred inflation gauge, and any deviation from the forecast could influence monetary policy expectations and market sentiment.

Additionally, at 09:45 (US Eastern Time), the Chicago Purchasing Managers’ Index (PMI) for August is anticipated to come in at 46.6. This figure is below the neutral mark of 50, suggesting a contraction in manufacturing activity, which could further sway market perceptions regarding economic growth.

Overall, the outcomes of these reports will have significant implications for both the Euro and the U.S. dollar, impacting investor sentiment and trading strategies across global markets. Traders should remain vigilant for any surprises that may arise from these key indicators.