European stocks fell on Wednesday (August 20), with the Stoxx 50 down 0.4% and the Stoxx 600 down 0.3%, led by defense stocks. The Stoxx Europe Aerospace & Defense Index fell 0.9% after a 2.6% drop on Tuesday, as optimism over a Ukraine ceasefire weighed on the sector.
Germany's Rheinmetall and Hensoldt each fell nearly 2%, while Britain's Rolls-Royce and Qinetiq also fell around 2%. The declines followed US President Trump's call for Putin and Zelenskiy to show "flexibility" and hold a bilateral summit, raising speculation of a breakthrough in peace talks.
Elsewhere, UK inflation unexpectedly rose to 3.8% in July, while broader global markets stalled after hitting record highs. A sharp sell-off in heavyweight technology stocks raised concerns that the rally since April has overshot. Investors are now looking ahead to the Jackson Hole Symposium, where Fed Chairman Jerome Powell is scheduled to speak on Friday. (alg)
Source: Trading economics
US stocks fell on Tuesday as losses in major technology names dragged the market lower, with the S&P 500 slipping 0.6% and the Nasdaq falling 1.5%, its lowest level in more than two weeks, on stee...
European stocks rose Tuesday, with investors digesting the meeting between U.S. President Donald Trump and Ukraine President Volodymyr Zelensky in Washington. The DAX index in Germany gained 0.5%, th...
US stocks traded mixed within a narrow range on Tuesday as the market assessed earnings results and continued to gauge the outlook for monetary policy this year. The S&P 500 remained near the flat...
European stocks edged higher on Tuesday as global markets reacted positively to the outcome of talks between U.S. President Donald Trump, Ukrainian President Volodymyr Zelenskyy and European leaders a...
Asia-Pacific markets mostly fell Tuesday as investors await the outcome of the talks between U.S. President Donald Trump, Ukraine's President Volodymyr Zelenskyy and European leaders at the White Hous...
Silver prices are currently experiencing a slight decline amid cautious market movements. The weakening of the white metal occurred due to a slight strengthening of the US dollar, while investors await the minutes of the July FOMC meeting and Fed...
Gold (XAU/USD) held around $3,326 with moderate intraday gains. Selling pressure in global markets provided slight support as a safe haven, but hopes for peace between Russia and Ukraine curbed hedging interest, limiting gold's rally. The market...
The pound (GBP) attracted significant buying interest against other major currencies on Wednesday as the UK Consumer Price Index (CPI) data for July showed a larger-than-expected increase. The Office for National Statistics (ONS) reported that...
Federal Reserve Chairman Jerome Powell is set to speak at the annual central bank symposium this week amid growing bets that a rate cut is nearly...
The Trump administration has expanded its 50% tariffs on steel and aluminum imports to cover hundreds of additional products. In a Federal Register...
Asia-Pacific markets traded mixed Monday , after the U.S.-Russia summit concluded without a ceasefire.
Japan's Nikkei 225 benchmark rose 0.62%,...
Asia-Pacific markets mostly fell Tuesday as investors await the outcome of the talks between U.S. President Donald Trump, Ukraine's President...