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
US stocks closed sharply higher on a triple-witching Friday, with the S&P 500 rising 0,9%, the Nasdaq 100 gaining 1.4%, and the Dow Jones adding more than 180 points, extending gains from the prev...
European equities closed higher on Friday, with the STOXX 50 up 0.6% and the STOXX 600 rising 0.4% to a fresh record, boosted by expectations of further Fed rate cuts next year and fading bets that th...
European stocks opened mixed on Friday (December 19th), as investors digested a number of interest rate decisions and awaited crucial budget talks in France. Regional investors were shaken by a day f...
Asia-Pacific stock markets opened higher on Friday, as investors awaited a key decision from the Bank of Japan (BOJ). Markets expect the BOJ to raise interest rates to 0.75%, the highest level since 1...
US stocks rose on Thursday, with the S&P 500 gaining 0.8%, the Nasdaq climbing 1.4%, and the Dow Jones adding about 66 points, after latest data showed inflation rate unexpectedly decreased. The a...
US stocks closed sharply higher on a triple-witching Friday, with the S&P 500 rising 0,9%, the Nasdaq 100 gaining 1.4%, and the Dow Jones adding more than 180 points, extending gains from the previous session as technology stocks...
European equities closed higher on Friday, with the STOXX 50 up 0.6% and the STOXX 600 rising 0.4% to a fresh record, boosted by expectations of further Fed rate cuts next year and fading bets that the ECB will raise borrowing costs in...
Gold (XAU/USD) Gold (XAU/USD) regains ground on Friday, edging modestly higher after earlier weakness, even as a resilient US Dollar (USD) caps upside momentum. At the time of writing, XAU/USD trades around $4,345, recovering from a daily low near...
Fed Governor Christopher Waller said Wednesday that the Fed is in no rush to cut interest rates, given the current outlook, according to...
The Bank of Japan (BOJ) is expected to raise interest rates on Friday to a three-decade high, from 0.5% to 0.75%, signaling readiness for further...
European stocks finished in positive territory on Thursday as traders positioned for central bank decisions today.
The pan-European Stoxx 600 was...
The United States ordered a blockade of Venezuelan oil tankers because the Trump administration believes President Nicolás Maduro's regime is acting...