Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese President Xi.
The two leaders had a call yesterday and agreed to resume trade negotiations, but the absence of concrete progress kept markets on edge. Meanwhile, traders were also awaiting the latest US jobs report. In Europe, the ECB cut interest rates as widely expected, but President Lagarde signaled that the rate-cutting cycle may have reached its end.
On the data front, exports and industrial production data for Germany disappointed. On the corporate front, shares of Adidas (-0.9%) and Puma (-1.8%) fell after Lululemon Athletica lowered its annual profit forecast. Airbus (-0.9%), Volkswagen (-0.7%), and BMW (-0.9%) were also among the worst performers. In contrast, RWE gained 0.9%, and Bayer rose 1%. For the week, the STOXX 50 added 0.7%, while the STOXX 600 gained 0.6%.
Source: Trading Economics
European equity markets are set to open cautiously on Friday (17/1) as investors prepare for the inauguration of Donald Trump as US President on January 20, amid concerns over potential tariffs that c...
EUR/USD surged closer to 1.0400 during the European session on Thursday as the US Dollar (USD) strength took a breather after Wednesday's sharp rally. The US Dollar Index (DXY), which tracks the gree...
European shares finished marginally higher on Monday, supported by defence stocks, while Novo Nordisk gained after data showed its weight-loss drug Wegovy delivers stronger heart-protective benefits than Eli Lilly's rival therapies. The...
Gold (XAU/USD) started the week on a stronger note, extending its five-day rally to reach its highest level in more than four months, last seen on April 22. A generally weaker US dollar and strong expectations for a Federal Reserve (Fed) interest...
President Donald Trump's latest legal setback regarding tariffs is increasing uncertainty for American importers and delaying the economic benefits that Commerce Secretary Howard Lutnick predicted his administration would generate. A US appeals...
A U.S. appeals court ruled on Friday that most of President Donald Trump's global tariffs were illegal, finding he exceeded his authority when...
Indonesia's central bank will remain active in the foreign exchange market to stabilise the rupiah, it said on Friday, while the stock exchange...
US stocks fell in the afternoon trading as investors took profits following a strong week that saw the S&P 500 reach record highs, amid signs...
European bourses opened September in positive territory, with both the STOXX 50 and STOXX 600 rising nearly 0.3% after modest gains in August....