Positive close of the day in the main European markets

FRANKFURT, Germany.—Major European markets closed the day with positive results, with the Madrid Stock Exchange gaining 0.9%.

The Spanish stock market rose 0.9% to surpass 14,500 points, a new annual high, in a quiet session despite new tariff threats from US President Donald Trump.

The Spanish market's main index, the IBEX 35, gained 129.1 points, or 0.9%, to close at 14,536.6 points, achieving a new annual high, closing at its best level since January 9, 2008. It has appreciated 25.37% so far this year.

Among the major stocks, the financial group BBVA gained 2.08%, the second-largest gain on the IBEX; Telefónica, 1.75%; the oil company Repsol, 1.64%; Banco Santander, 1.56%; the textile giant Inditex, 0.61%; and the electricity company Iberdrola, 0.45%.

The Milan Stock Exchange closed higher, with its FTSE MIB index rising 0.65% to 41,009.73 points, driven by the strong performance of the banking sector following the release of its quarterly results.

The FTSE Italia All-Share index rose 0.60% to 43,570.19 points.

During the session, 700 million shares were traded for a value of approximately 3.388 billion euros.

Amid trade tensions, Milan rose thanks to the strong performance of the banking sector after the release of its quarterly results, with Banca Monte Paschi Siena leading the trading session's best-performing companies, up 5%.

They were followed by Mediobanca (4.03%), the Interpump group (3.39%), Bper Banca (3.21%) and the defense sector multinational Leonardo (3.09%).

On the other hand, the worst-performing companies were the sports car manufacturer Ferrari, which fell by 2.48%, followed by laboratories Diasorin (2.20%), Stmicroelectronics (1.41%), the fashion firm Brunello Cucinelli (1.20%) and the drinks brand Campari (0.85%).

The Frankfurt Stock Exchange's main index, the DAX 40, maintained its upward trend on Wednesday, in a week in which the tariffs agreed between the US and the European Commission (EC) are expected to come into force, but uncertainty remains over the evolution of the situation and the impact of the levies.

The Frankfurt index rose 0.33% to 23,924.36 points, surpassing the previous day's 23,846.07 points.

The MDAX index, a benchmark index for small and medium-sized companies, gained 0.45% to 30,963.77 points. The TecDAX technology index, on the other hand, fell 0.75% to 3,771.99 points.

The numerous corporate results released on Wednesday were mixed: Commerzbank revised its forecasts upwards, Siemens Energy doubled its profits, but Bayer posted a loss in the second quarter.

Fresenius and Vonovia also raised their growth targets, but Beiesdorf had to do the opposite as demand declined.

It also emerged that the German manufacturing industry's order book fell by one percentage point in June compared to May.

Investors will be awaiting the release of June export data tomorrow, Thursday, as well as the results of Merck, Allianz, and Deutsche Telekom.

Today, shares of the real estate company Vonovia gained the most, up 3.47% to €28.31, due to positive results, while Deutsche Bank gained 2.62% to €29.78, and the car manufacturer Porsche gained 2.03% to €44.68.

On the other hand, the poor results of chemical company Bayer, online retailer Zalando, and hygiene product manufacturer Beiersdorf led them to fall by 9.94%, 9.02%, and 8.36%, respectively, to €24.98, €23.00, and €97.60.

The London Stock Exchange rose 0.24% on Wednesday, amid renewed US tariff threats and the Bank of England's interest rate decision scheduled for Thursday.

Analysts expect the UK central bank to maintain its quarterly pace of interest rate cuts with a further quarter-point reduction this Thursday and continue its policy of balancing high inflation with weakening economic growth and the labor market.

The Bank of England kept interest rates at 4.25% in June, following a 25 basis point cut in May.

In this context, London's main index, the FTSE-100, rose 21.58 points to 9,164.31, while the secondary index, the FTSE-250, added 0.19%, or 42.19 points, to 21,901.69.

The biggest winner of the day was insurance company Hiscox, which soared 9.44% after its annual results included an expansion of its share buyback program to $275 million.

Also closing the session on top were Mexican mining company Fresnillo, which rose 8.88%, and alcoholic beverage company Diageo, which advanced 4.18%.

Leading the list of losers were bottlers Coca-Cola Europacific Partners and Coca-Cola HBC AG, which fell 9.20% and 6.88% respectively, along with mining company Glencore, which closed with losses of 5.41%.

The Paris Stock Exchange's main index, the CAC-40, gained a slight 0.18% on Wednesday in a cautious market with an eye on the United States and its tariff policy.

At the close of the day, which was in positive territory, the Parisian index stood at 7,635.03 points.

Trading volume was medium, with €2.836 billion in transactions, and 26 companies ended the session higher and 14 lower.

The largest increases were recorded by payment systems company Edenred (2.94%), beverage and liquor company Pernod Ricard (2.42%) and tour operator Accor (1.88%).

On the other hand, the most notable declines were for Eurofins Scientific laboratories (-3.0%), Sanofi laboratories (-2.88%) and the consulting firm Capgemini (-2.25%).