A look at the day ahead in European and global markets from Ankur Banerjee As the next leg of the rapidly escalating trade war comes into view, investors remain shell-shocked, extending a deep stock market rout and flocking to the safe-haven yen and Swiss franc, awaiting, and hoping, for some semblance of good news. At …
Morning bid: Markets cower as 104% tariffs on China begin Read More »
By Julia Payne BRUSSELS (Reuters) – The European Commission has invited the sectors most impacted by U.S. tariffs to an in-person meeting on Thursday, an invitation letter seen by Reuters showed, as the commission weighs new trade partnerships and further countermeasures. The meeting led by the Commission industry chief Stephane Sejourne will include participants from …
EU Commission to discuss trade, US tariff strategy with industries Read More »
(Reuters) – A prominent energy research firm slashed its five-year outlook for new U.S. wind energy projects by 40% on Tuesday, citing Trump administration policies and concerns about the economy. Wood Mackenzie expects the United States to install 45.1 gigawatts of wind, both onshore and offshore, through 2029. It had originally forecast installations of 75.8 …
Wood Mackenzie cuts 5-year US wind energy outlook 40% on Trump policies Read More »
(Reuters) – FTSE Russell on Tuesday said Greece will remain on the equity watch list for possible reclassification from “advanced emerging” to “developed market”, and will be evaluated against certain requirements based on data as of month-end June. In October, the index provider had put Greek stocks on a watch list for the potential promotion, …
Greece remains on FTSE Russell watch list for market status change Read More »
(Reuters) – British finance minister Rachel Reeves will hold talks with bosses from companies including Hargreaves Lansdown, Legal & General, Lloyds Banking Group and M&G amid ongoing volatility in global financial markets, Sky News reported on Tuesday. The finance ministry declined to comment on the report. This comes as Reeves on Tuesday said she would …
By Kalea Hall DETROIT (Reuters) – General Motors GM.N is discontinuing the Cadillac XT6 gasoline-powered three-row SUV at the end of 2025, the automaker said on Tuesday. The XT6 is built at Spring Hill Assembly in Tennessee where GM also produces the smaller gasoline-powered Cadillac XT5 SUV, which GM will continue making through the end …
Cadillac ending production of three-row, gasoline-powered XT6 SUV Read More »
PARIS (Reuters) – The European Union’s securities watchdog warned on Tuesday that problems in the cryptocurrency industry could pose risks to broader financial stability in future, as the sector grows and as ties between it and traditional financial markets increase. The appeal for caution from the European Securities and Markets Authority (ESMA) comes as U.S. …
EU markets watchdog warns of crypto-related financial stability risks Read More »
By Ludwig Burger and Maggie Fick FRANKFURT/LONDON (Reuters) -European pharma companies warned the European Commission president at a meeting on Tuesday that U.S. tariffs would expedite the industry’s shift away from Europe and toward the United States. Pharma trade lobby EFPIA, whose members include European pharma giants Bayer, Novartis and Novo Nordisk, said it had …
European pharma companies warn Trump’s tariffs could expedite shift to US Read More »
(Reuters) -European equity index futures popped higher in U.S. afternoon trade on Tuesday after Germany’s NTV reported conservatives under chancellor-in-waiting Friedrich Merz on Tuesday reached a deal with the centre-left Social Democrats (SPD) to form a government. Two people with knowledge of the matter told Reuters, however, that there was not yet an agreement. EuroSTOXX …
European stock futures rise after reports of German coalition Read More »
By Alessandro Parodi (Reuters) -The outlook for European corporate health has deteriorated, the latest forecasts showed on Tuesday, heightening fears that a global trade war ignited by U.S. President Donald Trump’s tariffs will hurt companies’ earnings. European equities’ impressive start to 2025 has been obliterated by Trump’s announcement of sweeping tariffs last week, as executives …
Europe Inc Q1 profits seen falling 2.2% amid tariff turmoil Read More »
