DE40: European stocks pullback ahead of the weekend 💡

13:05 18 July 2025

Friday on European stock markets brings a slight deterioration in investor sentiment ahead of the weekend. The macroeconomic calendar remains relatively empty today, with market attention focused on potential updates on global tariff changes. The publication of quarterly reports by European and US companies is equally important.

Source: xStation

Volatility is currently being observed in the broader European market. Source: xStation

The German DE40 index is down 0.47% today, although it remains above the support zones defined by the 50-day exponential moving average (blue line on the chart) and the average defined by the Bollinger Bands on its 12-day price history, twice the standard deviations, as the lower and upper supporting lines. As long as the D40 remains above these zones, the overall upward trend remains stable. Source: xStation

Market News

  • Jefferies has downgraded SMA Solar Technology AG (S92.DE) from "Hold" to "Below Average," reducing its target price from €18 to €16. The downgrade reflects continued weak demand in the residential and commercial and industrial (C&I) sectors, leading to a significant decline in sales and earnings for the German solar equipment manufacturer. Shares are down nearly 7.5% today.
  • Salzgitter AG (SZG.DE) shares fell 17% in early trading after the company issued a profit warning and lowered its full-year 2025 forecasts. The steelmaker's preliminary second-quarter results missed analysts' expectations, with EBITDA, revenue and pre-tax profit falling significantly short of forecasts. The company now expects 2025 sales to be between €9.0 billion and €9.5 billion, down from its previous guidance of €9.5 billion and €10.0 billion. Full-year EBITDA is now between €300 million and €400 million, compared with its previous target of €350 million and €550 million. In the second quarter, EBITDA fell to €38.2 million from €107.3 million a year ago, and the pre-tax loss increased to €56.5 million, compared to a loss of just €5.7 million in the same period last year.
  • On the other hand, energy stocks are performing very well, benefiting from rising oil prices following the tightening of EU sanctions against Russia.

Source: xStation

 

Other news from individual DAX companies. Source: Bloomberg Financial Lp

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