FX.co ★ European Stocks Rise for 4th Session

The Stoxx 50 and Stoxx 600 continued their upward trajectory on Friday, marking their fourth consecutive session of gains. Investors await the critical Trump-Putin summit in Alaska, hopeful for developments in resolving the conflict in Ukraine. Despite the mixed global economic indicators, such as the decline in July's industrial production and retail sales in China, market sentiment remained positive. In the corporate sector, Pandora's shares dropped 13% following its second-quarter financial outcomes. The company posted an 8% increase in organic sales, reaching DKK 7.08 billion ($1.1 billion), which slightly fell short of expectations. While the US market saw a 12% rise in sales, China experienced a 15% decline. Pandora announced plans to double this year's store closures in China to 100 but maintained its growth and margin projections for 2025. European equities are poised for a second week of gains, although the anticipation for US interest rate cuts has dampened following July's Producer Price Index (PPI) rising at the most rapid rate in three years, lowering the odds of a September rate cut to 90%.