Fed sparks market rout: Wall Street plunged, the dollar hit two-year highs, and Treasury yields spiked as Powell struck a hawkish tone, warning of inflation risks and cautious rate cuts ahead. Bitcoin slid 5% after Powell ruled out a US crypto reserve tool. ADVERTISEMENT The December Federal Reserve meeting knocked the wind out of markets, delivering exactly what investors didn’t …
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European auto stocks slide as investors consider Trump tariffs threat
European automakers took a share price hit on Tuesday after Donald Trump threatened sweeping tariffs on China, Mexico and Canada. ADVERTISEMENT Late Tuesday morning, shares in Germany’s Volkswagen Group fell 2.26% to €80,40, while Stellantis’ stock dropped 4.54% to €12,24, as investors weighed how Trump’s proposed tariffs on China, Mexico and Canada could hit business in Europe. The President-elect said …
Read More »European stocks fall to three-month low amid geopolitical jitters
The European markets briefly hit a three-month low due to heightened tensions in the Ukraine-Russia war. Investors shifted towards safe-haven assets, while oil prices surged on fears of potential supply disruptions. ADVERTISEMENT European stock markets hit a three-month low on Tuesday, driven by a broad-based selloff following Ukraine’s unprecedented strike on a Russian military base using US-made long-range missiles. Russia’s …
Read More »Why are European defence stocks skyrocketing after Trump’s victory?
Trump’s 2024 win and Republican control of Congress have spurred a surge in European defence stocks, as concerns over NATO funding and potential cuts in US military aid drive expectations that Europe will boost its defence spending. ADVERTISEMENT European defence stocks are soaring in the wake of Donald Trump’s 2024 US election victory and the Republican party’s near-total control of …
Read More »European mining stocks plunge as metal prices tumble
Global mining stocks have declined as metal prices fell, driven by a strong US dollar and disappointing details from China’s latest stimulus measures. ADVERTISEMENT Global mining stocks suffered as metal prices slumped, driven by a robust US dollar and disappointment over China’s recent stimulus measures. Major European mining stocks declined sharply this week following Donald Trump’s victory in the US …
Read More »Weekly Recap: European stocks underperform global peers
Global stock markets are set to end the week on a strong note amid the US election and China’s highly anticipated additional stimulus measures. However, European benchmarks underperformed global peers due to economic concerns and political instability. ADVERTISEMENT Despite a broad rebound in European stock markets on Thursday, major benchmarks remained under pressure following Trump’s victory in the US election …
Read More »Stocks and bitcoin surge ahead after Trump wins the White House race
The US stock market, Elon Musk’s Tesla, banks and bitcoin all stormed higher as investors bet on what Donald Trump’s return to the White House will mean for the economy and world. ADVERTISEMENT Among the losers were solar-power companies and potentially anyone worried about higher inflation. The S&P 500 was up by 2.2% in afternoon trading and on track to …
Read More »Stocks rally and euro tumbles as Trump declares victory in US race
Donald Trump is heading back to the White House, leading to a volatile session in global markets. The dollar has surged, sending the euro and emerging market currencies down. ADVERTISEMENT The euro slumped against the US dollar as Donald Trump declared victory in the presidential election. The currency dropped nearly 2 cents against the dollar to a four-month low at …
Read More »What effect could the US Election have on stocks and bonds?
The US election will certainly impact stock markets and government bonds. Here’s a detailed look at the potential reactions of these financial instruments under different outcomes. ADVERTISEMENT Markets have been preparing for the US presidential election throughout the month, with mounting uncertainties creating significant volatility. The close race between Trump and Harris has led investors to shift towards safe-haven assets …
Read More »Stocks dip as uncertainty ahead of US Election fuels market volatility
Market sentiment soured amid uncertainties surrounding next week’s US election, exerting pressure on stock markets. The euro strengthened due to rising inflation, while the US dollar weakened ahead of the upcoming non-farm payroll report. ADVERTISEMENT Global markets extended their losses for the week, with uncertainties surrounding the impending US presidential election. Major benchmarks across the US and Europe appear set …
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