European markets closed lower Wednesday after regional economic sentiment dropped in December, according to preliminary data.
The pan-European Stoxx 600 index ended the session down 0.27%, having traded higher for most of the morning session.
Most major bourses and the majority of sectors also closed the day in negative territory, with healthcare, financial services and media stocks among the few in the green.
The downturn came after the European Commission released preliminary data showing its economic sentiment indicator had dropped 1.7 points in the EU and 1.9 points in the euro area in December, with both scores remaining below their long-term averages. Earlier, separate data out of Germany showed an unexpected fall in industrial orders in November.
Source : CNBC
Asia-Pacific stocks rose Tuesday, after key Wall Street benchmarks hit record highs overnight as investors assessed the resilience in corporate earnings amid tariff risks. Investors in the region wil...
US stocks rallied on Monday (July 21), with the S&P 500 and Nasdaq hitting new record highs as a strong start to the earnings season overshadowed concerns about impending tariffs. The Dow Jones In...
European stocks posted slight declines on Monday (July 21st) as markets continued to assess the trade outlook in the European Union. The Eurozone STOXX 50 fell 0.3% to close at 5,342, and the pan-Euro...
U.S. stocks moved higher on Monday as investors tracked the latest developments in trade and awaited the start of big tech earnings this week. The S&P 500 rose 0.4%, and the Nasdaq Composite jump...
European stocks opened the week on a cautious note, with both the STOXX 50 and STOXX 600 hovering near the flatline as investors closely monitor ongoing trade developments and digest a fresh wave of c...
The EUR/USD pair clings to gains made on Monday around 1.1700 during the Asian trading session on Tuesday. The major currency pair strengthens as the US Dollar (USD) corrects sharply, following a fresh escalation in trade tensions between the...
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding ground after losing more than 0.50% in the previous session and trading at around 97.90 during the Asian hours on Tuesday. Market...
Gold prices edged down to around $3,380 on Tuesday but remained close to a five-week high reached in the previous session, amid lingering uncertainty ahead of President Donald Trump's August 1 tariff deadline. Attention is now on the EU-US trade...
Asia-Pacific markets traded mixed Monday, as investors keep a close watch on the People's Bank of China's decision on its 1-year and 5-year loan...
European stocks opened the week on a cautious note, with both the STOXX 50 and STOXX 600 hovering near the flatline as investors closely monitor...
Russia unleashed a renewed attack on Ukraine, targeting the country's central and western regions with drone and missiles as Kyiv's allies pledged...
The U.S. has signaled it will not let up on its Aug. 1 deadline for higher tariffs on the European Union as the bloc fights to strike a deal in...