Both the STOXX 50 and STOXX 600 rose 0.2% on Friday, putting them on track to close the week with strong gains of 3.3%, their best performance since April, and 1.9%, respectively.
The weekly rally was driven by upbeat corporate earnings reports and renewed optimism over potential progress in resolving the Ukraine-Russia conflict. Investors also assessed changing global trade dynamics after President Trump's massive retaliatory tariffs took effect on Thursday.
Furthermore, expectations of a Federal Reserve interest rate cut have recently strengthened. Among large-cap stocks, Novo Nordisk extended its rally with a 3.5% gain, Novartis rose 1.8%, and Siemens rose 1%, while SAP fell 1%. On the earnings front, Munich Re fell more than 7.5% after cutting its insurance revenue forecast. (alg)
Source: Trading Economics
Asian stocks traded in a narrow range at Thursday's open, easing after three days of gains driven by bets on a Federal Reserve interest rate cut next month. The MSCI Asia Pacific Index fell...
Stocks in the US closed higher on Wednesday, extending their recent momentum as growing expectations for a Federal Reserve rate cut in September continued to lift sentiment. The S&P 500 gained 0.3...
European stocks closed sharply higher on Wednesday, their highest in two weeks as the outlook of lower interest rates in the United States and the possibility of lower energy prices supported a backdr...
Stocks rose Wednesday, adding to their recent momentum as expectations for lower U.S. Federal Reserve rates continue driving the major indexes to all-time highs. The S&P 500 and Nasdaq Composite ...
European stocks rose, following U.S. stocks that closed at record highs, as easing concerns about price pressures fueled speculation of a Federal Reserve interest rate cut in September. The Stoxx Eur...
The U.S. dollar was under pressure on Thursday as traders piled into wagers that the Federal Reserve will resume cutting interest rates next month, powering bitcoin to a record high, while a blistering rally in global stocks took a...
Gold (XAU/USD) struggles to capitalize on its modest Asian session gains to a three-day peak and attracts some intraday sellers near the $3,375 region. The global risk sentiment remains well supported by the optimism over an extension of the...
Oil steadied near a two-month low after the International Energy Agency said the market is on track for record oversupply next year. Brent traded near $66 a barrel after closing at its lowest since June 5 on Wednesday, while West Texas...
On April 6, the Sunday after Donald Trump announced the "Liberation Day" tariffs, Treasury Secretary Scott Bessent joined the president on his...
US President Donald Trump, in his speech on Monday night (August 11th), expressed his determination to "liberate" Washington, D.C., from crime,...
About 55% of India's merchandise exports to the United States will be subject to the tariff imposed by President Donald Trump's administration, the...
From McDonald's and Coca-Cola to Amazon and Apple, U.S.-based multinationals are facing calls for a boycott in India as business executives and...