The STOXX 50 rose 0.5% on Thursday (August 7), marking its fourth consecutive session of gains, while the broader STOXX 500 edged up 0.1%. Market sentiment remained driven by corporate earnings and the implementation of President Trump's new tariffs. The US's "reciprocal" tariffs, which target nearly all major trading partners, took effect today, with the European Union now facing 15% tariffs.
In corporate news, Maersk shares jumped more than 5% after the Danish shipping giant reported higher-than-expected second-quarter operating profit. Allianz rose 3.6% after its earnings beat estimates, while Henkel rose 2.5% after raising its profit forecast. Meanwhile, Siemens traded flat as its quarterly results failed to impress investors. Deutsche Telekom fell more than 5% for the same reason, and Rheinmetall plunged more than 6% after slightly missing sales expectations. (alg)
Source: Trading Economics
Stock markets in the Asia-Pacific region opened with mixed movements on Thursday morning, after US President Donald Trump announced he would impose a 100% tariff on semiconductor imports. However, com...
European shares closed flat on Wednesday, surrendering early session gains, as healthcare stocks felt the pinch from U.S. President Donald Trump's latest threat to impose higher tariffs on pharmaceuti...
Stocks in the US were mostly higher on Wednesday, with the S&P 500 up 0.1%, the Nasdaq adding 0.2% and the Dow Jones swinging around the flatline. Traders remain focused on corporate earnings and...
European stocks continued their gains for a third consecutive session on Wednesday, with the STOXX 50 rising 0.4% and the STOXX 600 up 0.2%, as corporate earnings continued to dominate market sentimen...
US equities ended lower on Tuesday as investors grappled with downbeat economic data, rising trade tensions, and mixed corporate earnings. The S&P 500 dropped 0.5%, the Nasdaq slid 0.7%, and the D...
Gold prices (XAU/USD) rose to a weekly high early in the European session on Thursday as renewed trade concerns boosted demand for traditional safe-haven assets. Furthermore, growing acceptance that the US Federal Reserve (The Fed) will continue...
Gold prices edged higher Thursday, aided by growing safe-haven demand after fresh tariff threats from U.S. President Donald Trump and weak U.S. economic data, which renewed bets on a Federal Reserve interest rate cut. At 04:30 ET (08:30 GMT), Spot...
Sterling rose against a weakening dollar on Thursday with the markets watching whether the Bank of England will maintain its "gradual and careful" language on the pace of policy easing at its meeting due later in the day. That slow and steady path...
European stocks continued their gains for a second consecutive session on Tuesday (June 5), with the STOXX 50 and STOXX 600 rising 0.4%. Investors...
The European Union will suspend its two packages of countermeasures to U.S. tariffs for six months following a deal with U.S. President Donald...
Tensions and fears are running high in Switzerland, as the deadline to strike a trade agreement with the U.S. looms just days away.
Without a deal,...
European shares closed higher on Tuesday, buoyed by better-than-expected corporate earnings and renewed optimism that the Federal Reserve may cut...