European stock markets traded higher on Thursday, with the STOXX 50 climbing nearly 1% and the broader STOXX 600 advancing 0.6%, buoyed by growing trade optimism after reports that the EU and US are nearing a deal to impose 15% tariffs on select European imports while waiving duties on others.
Investors are also closely watching the European Central Bank's policy announcement later today, with interest rates widely expected to remain unchanged following a series of cuts, as policymakers navigate ongoing trade uncertainty.
On the corporate front, Deutsche Bank shares jumped 6% after the lender posted a better-than-expected second-quarter profit, reversing last year's loss. BNP Paribas rose 3% as it also beat expectations on both revenue and earnings. In contrast, Nestlé fell over 3% after reporting a decline in first-half sales and income. Lloyds Banking Group dipped 0.5% despite strong Q2 results, as it reiterated its guidance for 2025.
Source: Trading Economics
European stocks closed mostly lower on Friday (July 25th) as markets continued to monitor the latest corporate earnings reports while awaiting the latest developments in trade relations between the Eu...
US stocks were flat to higher on Friday, following record-high closes for both the S&P 500 and the Nasdaq the previous day. The three major averages are on track to end the week over 1% higher. M...
European markets have just opened for the week's final session, and regional shares are broadly moving lower. The pan-European Stoxx 600 was last seen trading 0.5% lower, with all sectors and major b...
Asia-Pacific markets traded lower as investors weigh recent trade developments. Asia markets started the trading day lower. Japan's benchmark Nikkei 225 fell 0.24%, while the Topix lost 0.55%. Sout...
The S&P 500 and Nasdaq 100 closed at new record highs on Thursday (July 24), up 0.1% and 0.2%, respectively. This was supported by Alphabet's strong earnings, which bolstered investor confidence i...
European Commission President Ursula von der Leyen said she will travel to Scotland this weekend to meet with US President Donald Trump, as both sides aim to reach a trade deal before the August 1 deadline when 30% tariffs on the bloc's exports are...
European stocks closed mostly lower on Friday (July 25th) as markets continued to monitor the latest corporate earnings reports while awaiting the latest developments in trade relations between the European Union and the US. The STOXX 50 edged...
US President Donald Trump is unlikely to follow through on his threat to impose 100% tariffs on countries buying Russian oil, as it would exacerbate politically damaging inflationary pressures. Similar threats against Venezuelan oil buyers have...
European stocks closed sharply higher on Wednesday (July 23), halting three previous trading sessions' declines, buoyed by speculation that the US...
European stocks closed lower for a third session amid persistent concerns about US tariffs. The Eurozone STOXX 50 index fell 1% to 5,288, and the...
Equities in Indonesia rose 64 points, or 0.9%, to 7,555 around noon on Thursday, gaining for a second straight session and supported primarily by...
US stocks closed mixed on Tuesday (July 22nd), as the S&P 500 hit a new record, rising nearly 0.1%, the Dow Jones Industrial Average rose 170...