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European stocks edge higher; chemicals giant Bayer rises 9% on profit beat

Traders work on the floor of the New York Stock Exchange on May 1, 2025.
NYSE

This is C온라인카지노사이트's live blog covering European markets.

European stock markets traded in positive territory on Tuesday as uncertainty over the global trade outlook lingers despite a 90-day pause in the tariff spat between the U.S. and China.

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The pan-European was 0.2% higher at 9:51 a.m. in London. The U.K.'s was little changed, while France's gained 0.1% and Germany's reversed course to trade just below the flatline.

Global markets rallied on Monday after news that Washington and Beijing agreed to , raising hopes that a burgeoning trade war could be averted.

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In corporate news, shares jumped 9% after beating top and bottom lines. Reinsurer Munich Re's stock shed 3.6% after the firm said claims arising from January's Los Angeles wildfires are expected to total 1.1 billion euros ($1.2 billion).

traded mixed overnight, however, setting the more pessimistic tone for their European counterparts, as questions remain over what could happen after the 90-day pause.

Meanwhile, fell in overnight trading as investors await the latest U.S. inflation reading ahead of producer price index data on Thursday.

European markets will be keeping an eye on earnings from , , , , and . Data releases include U.K. retail sales and unemployment figures. Germany's ZEW survey of economic sentiment is also due to be released.

Bayer shares rise 9% after beating earnings expectations

Shares of German chemicals giant rose by 9% after beating the top and bottom line on its first-quarter results.

The company, one of the largest pharmaceutical companies and biomedical companies, reported 13.74 billion euros ($15.27 billion) in first-quarter sales, more than the 13.52 billion euros expected by analysts.

Bayer also reported adjusted profits of 4.09 billion euros, down by 7.4% year on year but higher than the 3.75 billion euros expected.

The company said it may be able to offset any impact from tariffs through mitigation measures, which analysts view as "positive."

"All in all, it was encouraging to see Bayer beat expectations and confirm its constant currency guidance, despite the uncertain tariff environment," said Falko Friedrichs, equity analyst at Deutsche Bank. "However, we caution that the underlying results continued to be weak, with significant earnings declines and ongoing high legal risks."

— Ganesh Rao

SoftBank Vision Funds swing to annual loss

's Vision Fund business on Tuesday posted a loss in the fiscal year ended March as it booked slowing gains at its massive tech investment arm.

SoftBank said it notched a gain on investment at its Vision Funds of 434.9 billion yen in the fiscal year, a 40% fall from the 724.3 billion yen booked in the previous year.

The Vision Fund segment overall logged a pretax loss of 115.02 billion yen ($777.7 mllion) versus a profit of 128.2 billion yen in the previous fiscal year.

German reinsurers take 1.4-billion-euro hit from LA wildfires

German reinsurers posted losses of more than a billion euros on the back of the Los Angeles wildfires.

, the world's largest reinsurance company, said it took a loss of about 800 million euros ($889 million) in the first quarter of 2025 due to the wildfires in California earlier this year.

Reinsurance firms offer policies to primary insurance providers, who typically deal directly with customers on the ground. Reinsurance policies usually only kick in after about 400 million euros worth of losses are absorbed by the primary insurance provider.

"The devastating wildfires in Los Angeles resulted in this segment's largest single claims event, totalling approximately €0.8bn (nominal)," the company said in its quarterly statement. Despite the hit, the group reported a net profit of 1.1 billion euros, down 48% from the previous year.

, the world's third largest reinsurer, said its largest net individual loss was 631.4 million euros from the California wildfires.

"Payments for large losses reached EUR 764.7 million in the first quarter – driven above all by the California wildfires – and thus came in significantly higher than the envisaged large loss budget of EUR 435 million," Hannover said in its quarterly statement. Net profit for the firm fell by 14% to 480 million euros.

— Ganesh Rao

European markets: Here are the opening calls

European markets are expected to open in mixed territory Tuesday.

The U.K.'s index is expected to open 4 points lower at 8,591, Germany's up 23 points at 23,569, France's  3 points lower at 7,834 and Italy's 30 points lower at 39,222, according to data from IG.

Earnings come from Softbank, Tata Motors, Metro Bank and Bayer. Data releases include U.K. retail sales and unemployment figures. Germany's ZEW survey of economic sentiment is also due to be released.

— Holly Ellyatt

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