Stock Movers Siemens Up, Watches of Switzerland, Persimmon Down
Jul 3, 2025
Siemens sees a 3% rise after the U.S. lifts export restrictions for chip design software to China, promising profit growth. Meanwhile, Watches of Switzerland faces a 10% drop as margin concerns overshadow strong financial results. UK housebuilders are under pressure due to potential tax hikes and a significant dip in house prices, raising worries about a housing market slowdown.
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Siemens Benefits from US-China Policy Shift
- Siemens shares rose due to the US lifting export license requirements on chip design software sales to China.
- This policy change could boost Siemens' profit by around $100 million from this software segment.
Watchers of Switzerland's Margin Warning
- Watches of Switzerland warned margins may contract 100 basis points in 2024, more than analysts expected.
- This outlook overshadowed their solid FY25 results and caused shares to drop up to 10%.
UK Housebuilders Hit by Fiscal Concerns
- UK housebuilders faced pressure amid worries of higher taxes and government fiscal deficits.
- This intensified concern about a housing market slowdown after June UK's largest house price drop in over two years.