Author: Deepashree MC

Yesterday,

• European markets closed higher after the U.S. postponed the 50% tariffs on EU goods to July 9, allowing more time
  for trade talks. Meanwhile, investors are shifting money from U.S. markets to Europe and Asia amid rising concerns
  over a possible U.S. recession and its potential to trigger a broader global slowdown.
• Among key movers on the Stoxx 600, shares of Thyssenkrupp (TKAX.DE; TKA:GR) surged 8.8% after reports
  emerged over the weekend that the company plans to hold a shareholder meeting on August 8 to approve the spinoff of its warship unit.
• The Stoxx 600 booked a gain of 1% and reclaimed its 10-DMA. It is trading above all its key moving averages and
  has immediate resistance at its May high (+0.7%). We recommend a selective approach to adding names on a
  high-volume breakout or decisive retake of their key moving averages.
• Among sectors, Automobiles & Parts (+192bps), Basic Resources (+175bps), Health Care (+156bps), and Banks
  (+141bps) were the top gainers. There were no losers.
• Among major indices, France’s CAC 40 jumped 1.2% and reclaimed its 21- and 100-DMA. Immediate resistance is
  at its 10-DMA (+0.4%), followed by its May high (+1.4%). Germany’s DAX 30 surged 1.7% and reclaimed its 10-
  DMA. It traded above all key moving averages. Immediate resistance is at its all-time high (+0.6%).
• Fifteen of the 16 markets we track closed in the green. The U.K.’s market was closed on account of Spring Bank
  Holiday.
• Twelve indices are in a Confirmed Uptrend, one in an Uptrend Under Pressure, and three in a Rally Attempt.
• All 20 European Focus List names are trading above their 200-DMA, while 19 names are trading above their 50-
  DMA.
• Actionable names in the European Focus List: Bawag Group (BWGP.AT; BG:AV), Rolls-Royce Holdings (RR.GB;
  RR/:LN), Sap (Xet) (SAPX.DE; SAP:GR), RELX (REL.GB; REL:LN), and Games Workshop (GAW.GB; GAW:LN).

On Friday,

• European markets ended the week lower after President Trump proposed a 50% tariff on EU goods starting June 1
  and threatened a 25% tariff on iPhones sold, but not made, in the U.S. The move raised concerns over a potential
  global trade war, weighing on investor sentiment and pressuring key sectors like luxury and pharmaceuticals.
• Among key movers on the Stoxx 600, shares of AJ Bell (AJB.GB; AJB:LN) rose 8.4% after the company reported a
  12% y/y increase in H1 pretax profit, driven by higher client activity.
• The Stoxx 600 booked a loss of 0.9% on higher volume and breached its 10-DMA. Next support is at its 21-DMA
  (-0.9%). We recommend a selective approach to adding names on a high-volume breakout or decisive retake of
  their key moving averages.
• Among sectors, Automobiles & Parts (-309bps), Technology (-160bps), Banks (-160bps), and Retail (-102bps)
  were the top losers while Basic Resources (+32bps) and Utility (+4bps) were the only sectors that closed in
  positive territory.
• Among major indices, France’s CAC 40 declined 1.6% on higher volume and breached its 21- and 100-DMA. It has
  immediate support at its 50-DMA (-0.5%), followed by its 200-DMA (-1.5%). Germany’s DAX 30 fell 1.4% and
  breached its 10-DMA. Next support is at its 21-DMA (-1%). The U.K.’s FTSE 100 ended the session 0.2% lower and
  tested support at its 10-DMA. It is trading above all key moving averages. Next support is at its 21-DMA (-1.5%).
• 15 of the 16 markets we track closed in the red. Twelve are in a Confirmed Uptrend, one in an Uptrend Under
  Pressure, and three in a Rally Attempt.
• France was shifted to an Uptrend Under Pressure from a Confirmed Uptrend after the index recorded its sixth
  distribution day and breached its 21-DMA.
• All 20 European Focus List names are trading above their 200-DMA while 19 names are trading above their 50-
  DMA.
• Actionable names in the European Focus List: Bawag Group (BWGP.AT; BG:AV), Rolls-Royce Holdings (RR.GB;
  RR/:LN), Sap (Xet) (SAPX.DE; SAP:GR), Relx (REL.GB; REL:LN), and Games Workshop (GAW.GB; GAW:LN).