European markets closed lower on Monday as investors assessed the economic outlook following signals from Federal Reserve Chairman Jerome Powell that interest rate cuts may be coming soon.
The pan-European STOXX 600 dropped 0.5% at the start of trading, with most regional indexes trading in negative territory. Germany's DAX also declined 0.5%, while France's CAC 40 tumbled 1.6%. U.K. markets remained closed for a public holiday.
Shares of Danish windfarm developer Oersted AS (CSE:ORSTED) plunged more than 16% after U.S. authorities ordered the company to halt construction on a nearly completed project off Rhode Island.
Orsted said a U.S. stop-work order on its Revolution Wind project does not alter its 2025 guidance and reaffirmed its commitment by announcing a planned rights issue backed by the Danish state.
The company added that it is evaluating all options to resolve the matter quickly and has appointed a bank syndicate to handle the rights issue.
In corporate news, U.S. beverage company Keurig Dr Pepper (NASDAQ:KDP) announced it would acquire Dutch coffee company JDE Peet's for 15.7 billion euros ($18.4 billion). JDE Peet's shares surged over 15%.
The week begins with limited economic data releases before a series of inflation figures from France, Germany, Italy, and other European countries are published on Friday.
Investors will also monitor upcoming earnings reports closely with Nvidia (NASDAQ:NVDA)'s results, which are due on Wednesday after U.S. market close, seen as the key risk event this week.
Source: Investing.com
Asia-Pacific markets opened mostly higher on Friday, with Japan's Nikkei 225 rising more than 1% to a new record, as investors reacted positively to the truce between Washington and Beijing following ...
Both the STOXX 50 and STOXX 600 closed 0.2% lower on Thursday as investors weighed central bank actions, corporate earnings, and mixed economic data. The ECB kept rates unchanged for a third consecuti...
Stocks were lower Thursday as investors digested a batch of Big Tech earnings, while a meeting between President Donald Trump and Chinese President Xi Jinping concluded. The Dow Jones Industrial Aver...
European stocks moved mixed on Thursday. Germany's DAX edged higher, while France's CAC 40 and the UK's FTSE 100 fell. The market digested corporate earnings reports, easing global trade tensions, gro...
Asian stocks were mixed on Thursday after Fed Chairman Jerome Powell emphasized that a December interest rate cut was not a certainty. The region's benchmark indexes were virtually unchanged, while US...
The Nikkei 225 index closed higher on Thursday (October 31, 2025), driven by strong gains in technology and electronics stocks. Positive sentiment emerged after the Bank of Japan maintained its policy interest rate, while a weaker yen boosted the...
Silver prices moved sideways during the European session on Friday (October 31st), holding in the high range of around $49 per ounce. The market remained cautious as the dollar remained strong and gold corrected, while Jerome Powell's statement...
EUR/USD weakened slightly as markets again doubted the chances of aggressive Fed easing. Powell's cautious comments prompted investors to seek refuge in the dollar, especially as global risk sentiment improved somewhat following news of the...
Asian stock markets opened higher on Wednesday (October 29th), buoyed by positive sentiment from Wall Street. Investors are confident that the...
The United States (US) Federal Reserve (Fed) will announce its interest rate decision and publish the Monetary Policy Statement following the...
European stocks weakened slightly on Wednesday (October 29, 2025), after several consecutive days of record highs. The STOXX 600 index fell by...
Japan and the United States have agreed to cooperate on next-generation nuclear power reactors and rare earths, as Tokyo seeks to re-enter the...