European shares close lower despite the US tech push higher

• MSCI has updated its Standard Index, adding Laurus Labs, Lenskart, Adani Energy Solutions, and Groww, while removing Astral, SBI Cards, and Balkrishna Industries. • Thyrocare Technologies announced that its promoter released a pledge on 1.75 crore shares (approximately 11% of equity) on August 11, signaling improved balance-sheet strength.

• S&P Global (SPGI) has significantly underperformed the broader market over the past year, declining 26.6% while the S&P 500 Index surged 20.2%. • The company, valued at $120.9 billion, operates across five key segments including Market Intelligence, Ratings, Energy, Mobility, and Dow Jones Indices.

• Euroseas reported financial results that exceeded earnings expectations by $0.61 per share. • Despite the earnings beat, the company's total revenue fell short of analyst estimates.

• Major European stock markets closed mostly lower on Thursday as investors reacted to a combination of new economic data and corporate earnings reports. • Key economic indicators showed stagnant industrial production in the Euro area for June, while Spain revised its inflation rate upward to 3.6%.

• European stock indices, including the DAX, CAC, and FTSE100, advanced on Thursday following U.S. inflation data that aligned with expectations. • The positive market movement stems from reduced investor concerns regarding potential Federal Reserve interest rate hikes.

• Several major stocks, including Apollo Hospitals, Jio Financial, IRCTC, UltraTech, and GMR Airports, are expected to be in focus on Thursday, August 13. • This follows a modest decline in Indian equity benchmarks on Wednesday, with the BSE Sensex falling 187.90 points (0.24%) to 77,966.35 and the NSE Nifty50 dropping 35.75 points (0.15%) to 24,435.95.

• The Indian stock market snapped a two-day losing streak on Thursday, with the Sensex gaining 114 points and the Nifty closing at 24,396. • Broader market indices also saw modest gains, as the Nifty MidCap and Nifty SmallCap rose by 0.05 per cent and 0.26 per cent, respectively.

• Thursday's Q1 earnings reports revealed a mixed financial landscape characterized by strong domestic demand offset by overseas pressures. • Tata Motors faced challenges due to a weaker performance from Jaguar Land Rover (JLR), whereas LG Electronics and Honasa Consumer reported strong quarterly results.

• U.S. stock futures are climbing on Thursday as investors anticipate the release of new inflation data. • Technology shares are seeing early gains, although Cisco Systems shares dropped 6% following the release of its fourth-quarter financial results.

• Veteran market strategist Jim Paulsen warns that the S&P 500's rapid pace of earnings growth may be nearing an end. • Paulsen identifies five specific signals suggesting a slowdown, noting that cyclical stock performance historically serves as a leading indicator for profit trends.

• India's Commerce Secretary stated that a potential India-US trade deal is essential to bring predictability and stability to the bilateral trade relationship. • Economic data reveals that India's merchandise trade deficit widened to $31.88 billion in July 2026.