The European stock markets closed mostly higher in Thursday trading as the Stoxx Europe 600 rose 0.92%, Germany's DAX climbed 1.12%, the FTSE 100 was off 0.69%, France's CAC increased 0.97%, and the Swiss Market Index was up 0.80%. In Germany, price-adjusted production in the manufacturing sector declined 1.9% in June compared with May, according to preliminary data from the Federal Statistical Office, falling to its lowest level since May 2020 during the COVID pandemic. In the UK, house prices rose 0.4% in July from June, the highest monthly rise since the start of the year, according to...
Stocks fell on Thursday as investors weighed the latest tariff-related news from President Donald Trump, including his new tariffs aimed at foreign automakers. The Dow Jones Industrial Average dropped 155.09 points, or 0.37%, to end at 42,299.70. The S&P 500 declined 0.33% to close at 5,693.31, and the Nasdaq Composite slid 0.53% to settle at 17,804.03. Shares of several automakers declined after Trump on Wednesday evening announced 25% tariffs on "all cars that are not made in the United States," which will go into effect on April 2. General Motors pulled back more than 7%, while Ford...
European stocks closed lower Thursday as global markets reacted to new automotive tariffs announced by U.S. President Donald Trump. The regional Stoxx 600 index closed 0.44% lower as all major bourses declined. The Stoxx Europe autos index was down nearly 1% as most firms pared earlier losses, with Jeep maker Stellantis shedding 4.2%, Mercedes-Benz down 2.7% and Germany's BMW down 2.55%.Trump said on Wednesday that he will impose a 25% tariff on "all cars that are not made in the United States" with the levies due to take effect on April 2. Trump White House aide Will Scharf said the new...
Stocks flitted between gains and losses on Thursday as investors weighed the latest tariff-related news from President Donald Trump, including his new tariffs aimed at foreign automakers. The Dow Jones Industrial Average dropped 142 points, or 0.3%. The S&P 500 lost about 0.2%, while the Nasdaq Composite shed 0.2%. Shares of several automakers declined after Trump on Wednesday evening announced 25% tariffs on "all cars that are not made in the United States," which will go into effect on April 2. General Motors pulled back 7.5%, while Stellantis lost 2% and Ford slipped 3%. Elon Musk's...
The S&P 500 fell 0.4%, the Nasdaq lost 0.7% and the Dow Jones sank about 180 points on Thursday, as traders digested the latest tariff announcements and fresh economic data. The Trump administration announced a 25% tariff on "all cars not made in the US," set to take effect on April 2, while Trump warned of imposing "far larger" tariffs on the EU and Canada if they coordinated efforts to counter US trade measures. Concerns are growing that these tariffs could hurt the US economy and drive inflation higher. On the data front, GDP growth for Q4 was revised slightly higher to 2.4% from...
Major bourses in Europe were lower on Thursday, with both the STOXX 50 and the STOXX 600 declining almost 1%, pressured by the auto sector. Yesterday, the Trump administration announced a 25% tariff on "all cars that are not made in the United States" due to take effect on April 2 and President Trump threatened to impose "far larger" tariffs on the EU and Canada if they work together to combat trade tariffs. The autos and part index sank about 3% to hit the lowest level since early December. Shares of Porsche (-5.4%), Mercedes-Benz (-5.4%), BMW (-4.3%), VW (-3.7%), Daimler Truck Holding...