Live Markets: Europe before the bell: Muted start as Q3 wraps up

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30/09/2025 07:45

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EUROPE BEFORE THE BELL: MUTED START AS Q3 WRAPS UP

European shares were set to open broadly unchanged on Tuesday, showing little reaction to the risk of a U.S. government shutdown, while gold prices continued grinding higher to fresh peaks near $3,880 an ounce.

Geopolitical developments also drew attention, as President Donald Trump secured Israeli Prime Minister Benjamin Netanyahu’s backing for a U.S.-sponsored Gaza peace plan, though uncertainty lingered over Hamas’s response. Some European defence stocks rose in early trade.

Corporate news was thin ahead of the start of the reporting season. Today marks the end of the third quarter, with the broader STOXX 600 index .STOXX up around 2.6% so far, heading for its third consecutive positive quarter.

Among potential movers, traders flagged a 5–7% drop in Hornbach HBH.DE shares at the open following results, while Valneva VLS.PA could gain on positive vaccine trial data.

In the UK, online fashion retailer ASOS ASOS.L warned annual revenue would fall short of market expectations amid weak consumer demand.

EuroSTOXX50 and DAX futures were down less than 0.1%, while FTSE 100 contracts inched 0.2% lower after data showed the UK economy grew by 0.3% last quarter, in line with expectations.

(Danilo Masoni)

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