Major bourses in Europe were lower on Tuesday, with both the STOXX 50 and the STOXX 600 down 0.6%, as investors returned from the Easter break amid renewed concerns over trade tensions, the economic outlook, and the independence of the Federal Reserve. President Trump intensified his criticism of Fed Chair Jerome Powell, increasing pressure on the central bank to cut interest rates, and fueling fresh concerns about its autonomy.
Meanwhile, trade negotiations between the US and other countries over tariffs are ongoing. Investors are also closely watching the IMF Spring Meetings this week, with the Fund expected to release an updated global economic outlook.
On the corporate front, Novo Nordisk shares dropped around 6% after rival Eli Lilly reported clinical trial results for its oral GLP-1 drug, showing safety and efficacy comparable to popular injectable treatments.
Other notable decliners included SAP (-3.3%), LVMH (-1.2%), and ASML Holding (-2.1%).
Source: Trading Economics
European stocks were on Thursday, with the STOXX 50 up 1% and the STOXX 600 gaining 0.6%, extending the previous session's rally that drove both benchmarks to fresh record closes. Technology shares we...
Asian markets opened higher, following a global rally that pushed world indexes to new records, despite the US entering its first government shutdown in nearly seven years. Japan, South Korea, and Aus...
Wall Street's indexes closed at record highs on Wednesday, buoyed by strong sector performance and optimism that the US government shutdown will be brief. Investors shrugged off the first day of the ...
Europe's STOXX 600 closed at a record high on Wednesday, with healthcare stocks leading the way after a U.S.-Pfizer deal reduced uncertainty in the sector, while investors digested the beginning of a ...
European shares were flat on Wednesday, with gains in heavyweight healthcare stocks offsetting the decline in the broader market, as investors fretted over a potential delay in the closely-watched U.S...
Gold held steady near a record high on Thursday (October 2nd), as rising expectations of further US interest rate cuts this year and political uncertainty stemming from the controversial US government shutdown boosted demand for the metal. Spot...
Oil prices edged higher on Thursday following losses in the previous three sessions as concerns about more disruption to Russian crude exports lent some support, though concerns about oversupply in the market capped gains. Brent crude futures...
The Hang Seng Index rose for the third day, climbing 1.6%, or 431.56 to 27,287.12 in Hong Kong. The index advanced to the highest closing level in at least a year. Alibaba Group Holding Ltd. contributed the most to the index gain, increasing 3.5%....
Federal Reserve (Fed Bank of New York President John C. Williams hit the newswires on Monday, expressing his general cautiousness toward further...
Asia-Pacific markets opened mixed Wednesday, following gains on Wall Street ahead of a potential U.S. government shutdown as lawmakers continue to...
The U.S. on Monday cracked down on companies in China and other countries that use subsidiaries or other foreign affiliates to get around curbs on...
The Institute for Supply Management's (ISM) data showed the Manufacturing PMI edging higher to 49.1 in September, up from 48.7 in August and...