European stock markets are rising, Philips stock price surged by 14%.

On a busy earnings day, European stock markets rose, with Dutch medical technology company Royal Philips Electronics leading the way with a 14% increase in its stock price due to improved profit prospects. The Stoxx Europe 600 index rose by 0.6%. Bank stocks and industrial goods stocks led the gains, while mining stocks underperformed. The world's largest eyewear manufacturer, EssilorLuxottica Group, saw its stock price rise by 6.7% as its second-quarter revenue exceeded expectations. Following the announcement of a trade agreement between the United States and the European Union, the Euro fell against the Dollar for the fourth consecutive trading day, hitting a five-week low. Amelie Delanbille, Senior Multi-Asset Portfolio Manager at Oriental Horizon Asset Management, commented: "The Euro's decline against the Dollar today is also a positive factor for European stock markets." With three trading days remaining, European stock markets are on track for a monthly increase in July, with major regional indexes trailing around 2% from the record set in March. Goldman Sachs' strategists have maintained their forecast for zero growth in European earnings per share by 2025, with the bank's economists expecting minimal impact on the macroeconomy from the US trade agreement. Among other individual stocks, AstraZeneca saw a 3.2% increase in its stock price, as its second-quarter sales exceeded expectations and profits grew, driven by its series of cancer drugs.