European indices were mixed on Wednesday following a tech-led selloff on Wall Street, while U.K. inflation came in hotter than expected, raising doubts over future monetary easing by the Bank of England.
The DAX index in Germany dropped 0.7%, while the CAC 40 in France slipped 0.1% and the FTSE 100 in the U.K. rallied 1.1%.
Tech-led weakness European markets have followed their Asian counterparts lower on Wednesday, following the overnight weakness on Wall Street after tech stocks fretted about President Donald Trump's growing influence over the sector.
U.S. Commerce Secretary Howard Lutnick is looking into the government taking equity stakes in Intel (NASDAQ:INTC) as well as other chip companies in exchange for grants under the CHIPS Act, according to a Reuters report.
Additionally, the outlook for European corporate health has slightly deteriorated, the latest earnings forecasts showed on Tuesday, marking a change of direction after several weeks of improvement.
European companies are expected to report growth of 4.6% in second-quarter earnings, on average, according to LSEG I/B/E/S data. That is slightly below the 4.8% rise analysts had expected a week ago.
U.K. inflation rose in July
U.K. consumer price inflation increased to 3.8% in July from 3.6% in June, above the consensus forecast of 3.7%, according to official data released Wednesday. This was the highest for the headline number since January 2024.
The Bank of England had anticipated this inflation rise in its August Monetary Policy Report, predicting CPI would reach an 18-month high of 3.8% in July.
Source: Investing.com
European stocks finished in positive territory on Thursday as traders positioned for central bank decisions today. The pan-European Stoxx 600 was almost 1% higher at the close of the session.Markets ...
Stocks rose on Thursday as Wall Street weighed the latest inflation data, which came in lighter-than-expected.The Dow Jones Industrial Average traded 339 points, or 0.8%. The S&P 500 popped 1.1%, ...
European markets opened today, Thursday, December 18, 2025, with a cautious attitude. Investors await the latest move from the European Central Bank (ECB), which is expected to hold interest rates. In...
Asian stock markets opened lower following Wall Street's rout, as investors again shunned riskier assets. Stocks in Japan and Australia fell, followed by Hong Kong futures. Pressure came primarily fro...
US stocks closed sharply lower on Wednesday, with the S&P 500 falling 1.2% to mark a fourth consecutive session of losses. The Nasdaq dropped 1.8%, while the Dow Jones ended 228 points lower, also...
Silver edged down to $65.8 per ounce, after a 3.8% surge to a new all-time high of $66.175 in the previous session, as investors reacted to softer-than-expected US inflation data. Core CPI rose at the slowest YoY pace since early 2021, reinforcing...
European stocks finished in positive territory on Thursday as traders positioned for central bank decisions today. The pan-European Stoxx 600 was almost 1% higher at the close of the session.Markets prepared for Europe's central banks to announce...
The BRICS group of countries is increasingly being considered as an alternative for global diplomacy and cooperation amidst increasing tariff and protectionist policies from the United States. A number of developing countries view BRICS as a...
Fed Governor Christopher Waller said Wednesday that the Fed is in no rush to cut interest rates, given the current outlook, according to...
Stocks fell slightly on Tuesday as traders digested the delayed release of the November's jobs report.
The S&P 500 fell 0.1%, while the Nasdaq...
Nonfarm Payrolls (NFP) in the United States rose by 64,000 in November, according to a report from the U.S. Bureau of Labor Statistics (BLS) on...
European stocks closed lower on Tuesday, with the STOXX 50 down 0.5% and the broader STOXX 600 slipping 0.4%, as optimism around Russia–Ukraine...