European stocks fell on Tuesday (October 14th), with the Stoxx 50 and Stoxx 600 both down around 0.3%, as escalating US-China trade tensions weighed on sentiment. Risk-sensitive sectors such as automotive and mining led the decline after Beijing imposed sanctions on the US units of a South Korean shipping company and warned of further retaliation, raising concerns of new trade disruptions.
Defensive sectors, including telecommunications, real estate, and utilities, outperformed as investors sought safe havens. Among the stocks that moved, Michelin plunged 8.9% after the tire maker issued a profit warning, citing significantly weaker demand in North America.
Conversely, Ericsson surged 16% after the Swedish telecommunications group reported better-than-expected third-quarter results, driven by the sale of its call routing business, Iconectiv, which boosted profit and cash flow. In France, political uncertainty added to market caution after Prime Minister Lecornu announced he would suspend controversial pension reforms in an effort to maintain stability. (alg)
Source: Trading Economics
Stocks fell Tuesday, resuming the selling seen late last week, as trade worries were reignited overnight by China. The Dow Jones Industrial Average lost 504 points, or 1.1%. The S&P 500 lost 1.3%...
European stocks fell on Tuesday, with the STOXX 50 down 1% and the STOXX 600 down 0.8%, after posting sharp gains in the previous session. The mining, automotive, banking, and industrial sectors led t...
Asia-Pacific markets traded mixed Tuesday, breaking ranks with Wall Street that soared after U.S. President Donald Trump softened his stance on China. Following a slew of tit-for-tat trade restrictio...
Major US stock indexes closed sharply higher on Monday (October 13), recovering from Friday's sharp sell-off after President Trump took a softer stance on US-China trade tensions, assuring that relati...
US stocks climbed sharply on Monday, with the S&P 500 up 1.3%, the Nasdaq surging 1.6%, and the Dow Jones rising more than 450 points, rebounding from Friday's steep losses that marked the S&P...
Oil prices plunged more than 2% on Tuesday as the International Energy Agency (IEA) warned of a significant oversupply by 2026, and due to ongoing trade tensions between the US and China, the world's two largest economies. Brent crude futures fell...
Fed Chairman Jerome Powell hinted that the central bank may stop shrinking its balance sheet in the coming months. The Fed chairman also indicated that the labor market outlook continues to deteriorate, a message that supports investor...
European stocks fell on Tuesday (October 14th), with the Stoxx 50 and Stoxx 600 both down around 0.3%, as escalating US-China trade tensions weighed on sentiment. Risk-sensitive sectors such as automotive and mining led the decline after Beijing...
European stocks started the week in positive territory, with the STOXX 50 rising 0.9% and the STOXX 600 adding 0.6%, as traders geared up for the...
Asia-Pacific markets traded mixed Tuesday, breaking ranks with Wall Street that soared after U.S. President Donald Trump softened his stance on...
President Donald Trump arrived in the Egyptian resort of Sharm El-Sheikh on Monday for a summit with several other world leaders aimed at ensuring...
Asia-Pacific markets fell Monday after China and the U.S. tightened trade restrictions and traded fresh accusations, renewing tensions between the...