Both the STOXX 50 and STOXX 600 rose 0.2% on Friday, putting them on track to close the week with strong gains of 3.3%, their best performance since April, and 1.9%, respectively.
The weekly rally was driven by upbeat corporate earnings reports and renewed optimism over potential progress in resolving the Ukraine-Russia conflict. Investors also assessed changing global trade dynamics after President Trump's massive retaliatory tariffs took effect on Thursday.
Furthermore, expectations of a Federal Reserve interest rate cut have recently strengthened. Among large-cap stocks, Novo Nordisk extended its rally with a 3.5% gain, Novartis rose 1.8%, and Siemens rose 1%, while SAP fell 1%. On the earnings front, Munich Re fell more than 7.5% after cutting its insurance revenue forecast. (alg)
Source: Trading Economics
Asian stock markets opened higher on Friday (August 8), marking a fifth consecutive day of gains. The market's performance was supported by Japanese technology stocks, particularly Sony and SoftBank, ...
The Dow Jones Industrial Average gave back gains and closed lower on Thursday as investors pocketed some of their profits in what's been a solid week thus far. The 30-stock Dow fell 224.48 points, or...
The European stock markets closed mostly higher in Thursday trading as the Stoxx Europe 600 rose 0.92%, Germany's DAX climbed 1.12%, the FTSE 100 was off 0.69%, France's CAC increased 0.97%, and the S...
Wall Street's main indexes advanced on Thursday, lifted by hopes that technology giants might dodge President Donald Trump's newest tariffs on chip imports. Apple's (AAPL.O), opens new tab shares cli...
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 th...
Oil prices were stable on Friday but poised for the steepest weekly losses since late June on a tariff-hit economic outlook and a potential meeting between U.S. President Donald Trump and Russian counterpart Vladimir Putin. Brent crude futures...
The dollar was steady on Friday but poised for a weekly fall as U.S. President Donald Trump's temporary choice for a fill-in Federal Reserve governor stoked expectations for a dovish pick to replace chair Jerome Powell when his term ends. As...
Gold (XAU/USD) prices pared some of their intraday losses, although they remained pressured below the $3,400 level and above the two-week high reached last Friday. Amid optimistic market sentiment, the moderate strengthening of the US dollar (USD)...
European shares closed higher on Tuesday, buoyed by better-than-expected corporate earnings and renewed optimism that the Federal Reserve may cut...
The ISM Services PMI unexpectedly fell to 50.1 in July 2025 from 50.8 in June, below forecasts of 51.5. The reading showed the services sector...
Donald Trump said he would impose a 100% tariff on semiconductor imports, though it would exempt companies that move production back to the United...
European shares closed flat on Wednesday, surrendering early session gains, as healthcare stocks felt the pinch from U.S. President Donald Trump's...