EU50 climbed the highest since late March 2025 (+0.6%) in the aftermath of yesterday’s US-Europe summit, with only a few index members trading in the red. The only significant losses are posted by Prosus (-0.4%), Wolters Kluwer (-0.1%), Safran (-0.25%), Deutsche Boerse (-0.2%), Flutter Entertainment (-0.1%) and Airbus (-0.2%).
EU50 performance will be closely tied to the developments of Russian-Ukraine war talks, with Donald Trump pushing for both bilateral and trilateral meetings between Russia, Ukraine and the US. Although Russia’s foreign minister did not commit to a meeting, the latest report by AFP mentions Putin having allegedly proposed Moscow as a meeting place for the next trilateral summit.
The report did not spark excess optimism on the European futures market, but further developments in favour of the war-end could help EU50 breakout towards February’s ATH.
EU50 briefly surpassed the key resistance of 5500, though it still lacks momentum to extend towards pre-Liberation Day all-time-highs. Compared to US500, we can see that European stocks started lagging behind Wall Street despite the initial outperformance early this year, with trade and now war uncertainty limiting buyers ability to push the index higher. Source: xStation5
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