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European Equities Close Mixed in Wednesday Trading; Glencore, Novo Nordisk Earnings Decline
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European Equities Close Mixed in Wednesday Trading; Glencore, Novo Nordisk Earnings Decline
Aug 6, 2025 9:26 AM

12:10 PM EDT, 08/06/2025 (MT Newswires) -- The European stock markets closed mixed in Wednesday trading as The Stoxx Europe 600 was off 0.09%, Germany's DAX gained 0.33%, the FTSE 100 rose 0.24%, France's CAC increased 0.18%, and the Swiss Market Index declined 0.87%.

The seasonally adjusted retail trade volume increased 0.3% in both the euro area and the EU in June, compared with May, according to first estimates from Eurostat, the statistical office of the European Union. Compared with the same month in 2024, the calendar adjusted retail sales index rose 3.1% in both the euro area and the EU.

And in corporate news, Glencore reported Wednesday that its loss for the first half widened, while revenue rose year over year.

Shares of the British mining company closed 5.4% lower on the FTSE 100.

Novo Nordisk reported Q2 earnings Wednesday of 5.96 Danish kroner ($0.92) per diluted share, up from 4.49 Danish kroner a year earlier. The pharmaceutical giant lowered its 2025 sales growth guidance to 8% to 14% from the previous range of 13% to 21%.

Shares of Novo Nordisk fell 5.4% in Copenhagen.

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