Major European bourses were in the red on Friday, with the STOXX 50 dropping 1.4% and the STOXX 600 declining 1%, as rising geopolitical tensions in the Middle East triggered a broad flight to safety. Israel's launched a wave of strikes against Iran targetting nuclear infrastructure and military facilities, killing two top Iranian commanders.
Israel has warned of further action, while Iran has vowed retaliation and has already deployed drones toward Israeli territory. Travel and leisure stocks were among the weakest performers while oil, gas, and defense stocks outperformed amid heightened security risks and rising energy prices.
Deutsche Bank (-2.6%), Unicredit (-2.4%), and Adidas (-2.4%) were among the biggest laggards while stocks of Shell, Eni, Repsol, RWE, Rheinmetall, Thales, were up more than 1%. For the week, the STOXX 50 is down 1.3%, and the STOXX 600 has lost 0.7% so far
Source: Trading Economics
The European stock markets closed mixed in Thursday trading as The Stoxx Europe 600 was off 0.12%, Germany's DAX was down 0.53%, the FTSE 100 in London was flat, France's CAC 40 declined 0.60%, and th...
The S&P 500 rose 0.5% on Monday, while the Dow climbed 417 points, kicking off the week on a positive note. However, the Nasdaq 100 lagged, falling 0.2% as investors navigated economic growth con...
Asia-Pacific markets climbed on Monday, with investors keeping a close watch on Chinese equities. The Chinese government on Sunday announced that it would take steps to revive consumption by boosting...
European markets saw broad gains on Wednesday, even after the European Union announced retaliatory tariffs on a swathe of U.S. imports and President Donald Trump suggested further counter-measures wou...
Stocks rose for a fifth straight session, Bitcoin topped $84,000 and the dollar was on track for a one-year high, with investors continuing to bet those trades will benefit fr...
US stocks closed lower on Friday after weaker-than-expected August jobs data raised concerns about a slowing economy, even as expectations for Federal Reserve rate cuts firmed. The S&P 500 gave up earlier gains, ending 0.3% lower and below...
The U.S. dollar fell sharply against major peers on Friday after crucial monthly jobs data showed that American employers hired fewer workers than expected, which affirms weakening labor market conditions and likely guarantees a Federal Reserve...
Oil prices fell on Friday as a weak U.S. jobs report dimmed the outlook for energy demand, while swelling supplies may grow further after OPEC and allied producers meet over the weekend. Brent crude futures settled at $65.50 a barrel, down $1.49,...
Asia-Pacific markets opened higher Friday after U.S. President Donald Trump signed an executive order Thursday formalizing a lower Japanese auto...
Hiring at US companies was lower than expected in August, consistent with other evidence of weakening labor demand.
Private-sector jobs increased...
A rally in the world's largest tech companies drove stocks higher as bonds rebounded after weak jobs data validated wagers...
US job openings fell in July to the lowest in 10 months, adding to other data that shows a gradually diminishing appetite for workers amid...