European stocks closed firmly higher on Wednesday, extending the rebound from the prior session as markets assessed a batch of major earnings and the risks to European growth should US President Trump follow through with earlier tariff threats.
The Eurozone's STOXX 50 closed 0.6% higher at 6,337, the highest in over 24 years, while the STOXX 600 gained 0.5% to close at another record high of 534. ASML jumped by 5.8% after its fourth-quarter bookings exceeded estimates. Tech shares led the gains to extend the recovery from the selloff in AI-infrastructure stocks on Monday, with Schneider soaring 4.6%, while Siemens and SAP each jumped more than 1.5%.
In the meantime, heavyweight banks extended their strong momentum with Santander, BBVA, and UniCredit adding more than 1%. On the other hand, LVMH sank 5% after its H2 results underwhelmed expectations. On the policy front, the Fed was due to hold rates after the closing bell, before the ECB is due to cut its rates in tomorrow's session.
Source: Trading Economics
That the US and China were nearing a trade deal triggered a cross-asset rally, lifting stocks, oil and copper along with China-exposed currencies such as the Australian dollar. Treasuries an...
Three major US indexes closed at new record highs after a lower-than-expected inflation report raised the possibility of a Federal Reserve interest rate cut later this year and prompted investors to s...
European stocks closed slightly higher on Friday amid a mix of corporate earnings reports, while markets assessed the outlook for European growth and interest rates. The STOXX 50 edged up to 5,674, an...
European stocks edged lower Friday afternoon after briefly hitting record intraday highs, as investors digested corporate earnings and economic data amid hopes that US–China trade tensions may ease wh...
U.S. stocks reached new heights on Friday as cool inflation data raised investors' optimism that the Federal Reserve can stay on its rate-cutting path, boosting the economy and justifying higher valua...
Japanese stocks closed at a new record high after market sentiment grew more optimistic. Investors now believe the US Fed will continue to cut interest rates after US inflation (CPI) data appeared more benign. This has led global markets to believe...
Silver prices fell to around $48 per ounce on Monday (October 27th), continuing last week's sharp decline. Safe-haven sentiment began to weaken as the market saw the possibility of a US-China trade truce ahead of the Trump-Xi meeting on Thursday....
Silver fell to around $48 per ounce, continuing its correction after falling more than 6% last week. Safe-haven sentiment weakened as the market grew more confident that US-China trade relations would ease ahead of the Trump-Xi meeting. The US said...
Business activity in the United States' (US) private sector expanded at a healthy pace in October, with the S&P Global Composite Purchasing...
European stocks edged lower Friday afternoon after briefly hitting record intraday highs, as investors digested corporate earnings and economic data...
European stocks closed slightly higher on Friday amid a mix of corporate earnings reports, while markets assessed the outlook for European growth...
U.S. stocks reached new heights on Friday as cool inflation data raised investors' optimism that the Federal Reserve can stay on its rate-cutting...