The STOXX 50 and STOXX 600 fell nearly 1% on Friday, driven lower by a stronger-than-expected U.S. jobs report that reinforced the Federal Reserve's cautious stance on future rate cuts.
This, combined with inflation concerns, the ongoing UK debt market crisis, and uncertainty over President-elect Trump's potential tariff policies, weighed heavily on investor sentiment.
Most sectors and bourses were in the red, with utilities and food & beverage stocks dropping 2.3%, while autos were the exception, rising 0.48%. Major companies like LVMH (-0.7%), SAP (-0.9%), and ASML Holding (-1.3%) saw losses, while Novo Nordisk rose by 1.1% and Mercedes-Benz surged over 3.5%.
Source : Trading Economics
Tested EN...
Asian stock markets weakened for the second consecutive day, indicating that the initial rally that had been "speedy" at the start of the year is starting to lose steam. At the same time, US governmen...
US stocks were mixed on Wednesday as investors weighed uneven economic data against expectations for eventual Federal Reserve easing, with the S&P 500 easing 0.2% and the Dow Jones sliding 0.8% fr...
European stocks were in mixed territory on Wednesday morning, as regional market jitters grow over U.S. President Donald Trump's threat to annex Greenland. The pan-European Stoxx 600 was little chang...
Asian stock markets weakened slightly on Wednesday after posting their best start to the year in history. The decline was driven by a decline in Japanese stocks amid escalating tensions with China. Th...
Oil prices stabilized on Thursday (February 12th), as the market reassigned a risk premium to US-Iran tensions despite US inventory data showing swelling domestic supplies. This movement confirms one thing: geopolitical headlines are still more...
Gold prices weakened slightly on Thursday (February 12th), as more solid US employment data reduced market confidence in an imminent Federal Reserve interest rate cut. The strong employment data prompted market participants to shift expectations of...
The Hang Seng Index reversed its downward trend in Hong Kong on Thursday (February 12th), weakening by around 0.9% to around 27,000 after a strong session earlier. This decline halted the momentum of the short term rally, as investors began to...