European stock markets pared losses on Friday, with the STOXX 50 and STOXX 600 closing down 0.8% and 0.9%, respectively, after plummeting as much as 1.9% earlier in the session. Investor sentiment improved following President Trump's statement that high tariffs on Chinese goods were unlikely to last long, signaling a potential easing of US-China trade tensions ahead of his meeting with Chinese President Xi Jinping.
However, banking stocks remained under pressure, led by Deutsche Bank (-5.9%), Societe Generale (-4.6%), BNP Paribas (-3.7%), Banco Santander (-3.2%), and UniCredit (-2.6%), as concerns about credit stress at regional US banks reignited fears of a broader impact on the sector. Rheinmetall also fell 6.5% amid China's tightening export controls on military rare earth metals. On the earnings front, EssilorLuxottica surged more than 12% after reporting record Q3 sales, while Volvo fell 7% after citing "difficult market conditions in North and South America" as weighing on its performance. (alg)
Source: Trading Economics
US stocks rose on Friday (October 17th) as investors reacted positively to President Trump's remarks alleviating concerns about further trade escalation with China, while regional bank stocks rebounde...
The three major US stock indexes fluctuated between small gains and losses on Friday in what could be another volatile session. Consumer staples and energy stocks led the gains, while communication se...
Both the STOXX 50 and the STOXX 600 fell 1.5% on Friday, tracking a global equity sell-off as signs of credit stress among US regional banks reignited concerns about credit quality and the potential s...
Asian stocks slipped at the open on Friday after risk sentiment faded on Wall Street, following news of bad debts at two US banks that heightened credit market concerns. US index futures also indicate...
Wall Street stocks fell on Thursday (October 16th), losing earlier gains as resurgent credit concerns and ongoing US-China trade tensions weighed on sentiment. The S&P 500 and Nasdaq 100 each fell...
US stocks rose on Friday (October 17th) as investors reacted positively to President Trump's remarks alleviating concerns about further trade escalation with China, while regional bank stocks rebounded after Thursday's sharp declines. The S&P...
Oil prices posted a slight increase on Friday (October 17th), but were close to a weekly loss of nearly 3% after the International Energy Agency (IEA) forecast a widening oversupply, and U.S. President Donald Trump and Russian President Vladimir...
Gold prices (XAU/USD) fell 2% after hitting a record high of $4,379 on Friday (October 17th), falling below $4,250, triggered by comments by US President Donald Trump that triple-digit tariffs against China were unsustainable. At the time of...
Federal Reserve Governor Christopher Waller said on Thursday he's on board with another interest rate cut at the U.S. central bank's policy meeting...
Ukraine has imposed emergency power outages in all but two regions following a series of Russian attacks that have crippled the country's energy...
Asian stock markets opened higher on Thursday morning (October 16th), following a positive close on Wall Street despite volatile trading. Stocks in...
US stocks closed higher on Wednesday, despite ongoing US-China trade tensions and the ongoing government shutdown. The S&P 500 rose 0.4%,...