Shares in sportswear brands Nike, Adidas and Puma slide after tariffs hit Vietnam
Microsoft, Meta surge after blowout results
3:59 CAT | 31 Jul 2025
FILE - A view shows the Microsoft logo on the day of the Hannover Messe, one of the world's largest industrial trade fairs, in Hanover, Germany, March 31, 2025. [File photo: Reuters/Fabian Bimmer]
Shares in artificial intelligence heavyweights Microsoft and Meta Platforms both surged in European trading on Thursday, after blowout quarterly results after-market on Wednesday.
Meta shares surged 12.2% in Frankfurt after it forecast quarterly revenue well ahead of Wall Street expectations.
Microsoft shares jumped 9%, as surging Azure cloud computing revenue above analysts’ expectations, showcasing the growing return on its AI bets.
The jump in shares lifted futures on Wall Street, with S&P futures up 1% and futures on the technology-heavy Nasdaq up 1.3%.
Source: Reuters
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