European stocks sank on Monday after US President Trump announced tariffs on China, Canada, and Mexico, but closed above its mid-session lows after the President delayed measures against Mexico slightly before the bell.
The STOXX 50 dropped 1.4% to 5,214 and the pan-European STOXX 600 dropped 0.9% to 534. Trump had imposed 25% tariffs on its North American neighbors and 10% levies on China, in addition to pledges of tariffs on the EU and the UK at a future date, after a series of conflicting signals of protectionism by the administration.
Auto manufacturers led the losses amid their high exposure to tariffs through Mexican production and assembly plants, with Stellantis and Volkswagen dropping 4.5%. Industrials and banks also booked sharp losses, with Schneider Electric, Siemens, Santander, and BBVA sinking between 3% and 2.5%.
Source: Trading Economics
Asian stock markets fluctuated at the start of the week, following the modest gains in US stocks last Friday. Investors are now turning their attention to a series of key economic data ahead of the Fe...
European stocks ended Friday in positive territory as investors digested the end of a choppy month. The pan-European Stoxx 600 closed the session 0.2% higher, with major bourses and most sectors in p...
Both the STOXX 50 and the STOXX 600 hovered around the flatline on the final trading day of a volatile November, as the recent rally in global equities showed signs of losing momentum and investors aw...
Asia-Pacific stock markets are expected to open slightly lower on Friday. Sentiment remains thin as US stock futures moved flat during the Thanksgiving holiday, while the Nasdaq Composite is on track ...
European stocks closed higher on Thursday as investors digested the regional and global economic outlook. The pan-European Stoxx 600 reversed course to finish 0.12% higher by the end of Thursday's se...
Fundamentally, Brent crude oil is trending higher today, hovering around USD 63 per barrel, continuing its rebound from its lows in recent weeks. The main catalyst was the OPEC+ meeting, which decided to maintain current production levels until at...
Gold prices weakened in early December, dragged down by investor caution ahead of the Federal Reserve's looming interest rate decision. Amid speculation that the Fed was ready to cut rates again this month, market participants opted to hold back,...
Asian stock markets fluctuated at the start of the week, following the modest gains in US stocks last Friday. Investors are now turning their attention to a series of key economic data ahead of the Federal Reserve's expected interest rate cut...
Trading on the Chicago Mercantile Exchange (CME) was halted on Friday (November 28th) following a cooling issue at one of its data centers.
"Due to...
Conflicting signals from the Federal Reserve on the timing and magnitude of U.S. interest rate cuts have accelerated hedging flows into swaptions...
European stocks ended Friday in positive territory as investors digested the end of a choppy month.
The pan-European Stoxx 600 closed the session...
Both the STOXX 50 and the STOXX 600 hovered around the flatline on the final trading day of a volatile November, as the recent rally in global...