European markets opened mixed on Tuesday as global markets weighed on concerns that the U.S. economy will suffer from President Donald Trump's trade tariffs.
The U.K.'s FTSE 100 is expected to open 9 points higher at 8,606, Germany's DAX is up 5 points at 22,613, France's CAC is down 7 points at 8,041 and Italy's FTSE MIB is down 9 points at 38,816, according to data from IG.
Traders will be focused on earnings from Persimmon, Lego and Leonardo, also due on Tuesday.
Volkswagen reported a 15% year-on-year drop in annual operating profit on Tuesday, citing rising costs and "exceptional expenses" related to its restructuring plan.
Regional markets started the new trading week lower on Monday, continuing the volatility seen in world markets last week amid uncertainty over the outlook for global trade and tariffs.
S&P 500 futures traded around the flatline on Tuesday morning after fears of a recession hitting the U.S. economy sparked a major selloff on Monday. Negative sentiment on Wall Street sent Asia-Pacific markets slumping overnight.
When asked about the possibility of a recession, Trump said during a Fox News interview that aired Sunday that the economy is going through a "transition period." Economists have argued that Trump has proven to be something of an "agent of chaos" with his unpredictable trade tariff policies but said a downturn is not imminent.
German auto giant Volkswagen reported a 15% year-over-year drop in operating profit on Tuesday, citing rising costs and "extraordinary spending" related to its restructuring strategy.
The company posted revenue of 324.7 billion euros ($352.8 billion) for 2024, up from 322.3 billion euros last year. The automaker said it expects sales revenue to exceed the previous year's figure by 5% in 2025. (Newsmaker23)
Source: CNBC
Australian equities notched a record high as Asia-Pacific markets tracked Wall Street gains on the back of strong U.S. economic data reports and a slew of better-than-expected corporate earnings. Aus...
US stocks advanced on Thursday, supported by upbeat earnings and solid economic data as markets brushed aside lingering concerns over President Trump's criticism of the Fed and renewed tariff threats....
S&P 500 and Nasdaq 100 futures edged up 0.1% and 0.2%, respectively, on Thursday morning (July 17), while the Dow Jones Industrial Average remained flat. What caused this? Investors were digesting...
The STOXX 50 rose 0.9% and the STOXX 600 gained 0.6% on Thursday, marking their first advances in six and five consecutive sessions, respectively, as investor attention shifted to corporate earnings. ...
Asia-Pacific markets mostly fell Thursday, with investors assessing the fall in Japan's exports for the second consecutive month, as well as U.S. President Donald Trump's denial of his intent to fire ...
Silver prices stabilized in early Asian trading on Friday (July 18th) as interest in safe-haven assets rebounded amid global uncertainty. Investor interest in the precious metal strengthened after global inflation data was deemed unsatisfactory,...
Gold steadied and was set for a moderate weekly loss as investors assessed the outlook for Federal Reserve rate cuts after resilient US jobs and retail data eased concerns about the economy. Bullion traded below $3,340 an ounce in early Asian...
Australian equities notched a record high as Asia-Pacific markets tracked Wall Street gains on the back of strong U.S. economic data reports and a slew of better-than-expected corporate earnings. Australia stock markets climb to record...
U.S. consumer prices increased by the most in five months in June amid higher costs for some goods, suggesting tariffs were starting to have an...
European stocks erased early gains and closed mostly lower on Tuesday as markets continued to assess how potential tariffs from the US may hurt...
President Donald Trump's renewed calls for Federal Reserve Chair Jerome Powell's resignation have prompted investors to protect portfolios against...
The annual core consumer price inflation rate in the United States, which excludes volatile items like food and energy, ticked up to 2.9% in June...