Friday 05/Sep/2025 – 12:10 PM
Indicators recorded European stocks A slight increase during Friday morning trading, backed by the technology sector gains, before the upcoming US job report for August, which investors ahead to determine the upcoming monetary policy trends.
European stocks, led by the technology sector and the Swedish Hixagon Company
The European Stoxx 600 index increased by 0.3% to 551.68 points, heading towards registering slight weekly gains, in a week characterized by fluctuations as a result of concerns about the financial stability of a number of governments.
The greatest support from the technology sector, which rose about 0.9%, was driven by the Swedish Hexagon HEXAGONA company for the sale of its design and engineering unit to Cadinal Design, in a deal worth $ 3.16 billion, and is expected to be completed in the first quarter of 2026. The Hixagon jumped with 6.8% jumped on The background of the deal.
On the other hand, some stocks witnessed a decline, as the Danish Orthted share fell by 1.3% after reducing their expectations for operating profits in 2025, as a result of a decrease in wind speeds from the normal rate. The Swiss-TEMENOS of banking software also decreased by 13.4% after announcing the departure of CEO Jean-Pierre Brolard immediately.
Investors are now awaiting US labor market data issued at 12:30 GMT, which is expected to significantly affect the directions of the Federal Reserve regarding the decision of a potential reduction in the interest rate of 25 basis points during its upcoming meeting later in September.
