European stocks look set to open on a mixed note Wednesday, after having suffered heavy losses in the previous session amid much uncertainty over how U.S.-President-elect Trumps tariff proposals and Feds restrictive monetary policy will impact markets. Fed Minneapolis President Neel Kashkari on Tuesday said hell be watching the inflation data closely to determine how...
Asian stocks hit two-month lows on Wednesday as investors fretted about the impact of U.S. President-elect Trumps proposed tariffs on inflation and interest rates. Trumps choice of China hawks in his Cabinet and Chinas faltering growth also kept investors on the sidelines. U.S. Treasury yields pushed higher and the dollar rally gained further momentum as...
Shares of Rivian Automotive, Inc. gained around 10 percent in the extended trading on Nasdaq on Tuesday after the electric vehicle maker announced a joint venture partnership with German auto major Volkswagen Group, with a total deal size of up to $5.8 billion. The new joint venture, Rivian and VW Group Technology, LLC, is intended...
German stocks traded higher on Wednesday as investors reacted to upbeat earnings news and awaited U.S. consumer price inflation data later in the day for directional cues. The benchmark DAX was up 33 points, or 0.2 percent, at 19,067 after losing 2.1 percent on Tuesday. The upside was capped due to unease over a jump...
French stocks edged up slightly on Wednesday, after having suffered heavy losses in the previous session amid concerns that Donald Trumps protectionist policies would put upward pressure on inflation and hamper global growth. The benchmark CAC 40 was up 8 points, or 0.1 percent, at 7,235 after tumbling 2.7 percent the previous day. Eurozone bond...
U.K. stocks were slightly higher on Wednesday ahead of the release of October U.S. CPI data later in the day. The benchmark FTSE 100 was up 26 points, or 0.3 percent, at 8,051 after falling 1.2 percent on Tuesday. Miners traded higher, with Glencore and Antofagasta climbing 1-2 percent. Smiths Group shares jumped more than...
European stocks recovered some ground on Wednesday, after having suffered heavy losses in the previous session amid concerns that Donald Trumps protectionist policies would put upward pressure on inflation and hamper global growth. Eurozone bond yields pushed higher as investors awaited key U.S. consumer and producer inflation readings this week for hints of a possible...
Indian shares tumbled on Wednesday amid much uncertainty over how U.S.-President-elect Trumps tariff proposals and Feds restrictive monetary policy will impact markets. Traders also awaited the highly anticipated Labour Departments report on U.S. consumer price inflation for October later in the day for additional clues regarding another interest-rate cut at the U.S. central banks December...
Shares of Siemens Energy AG were climbing around 16 percent in the morning trading on Germanys XETRA after the company Wednesday issued fiscal 2025 outlook for sales growth, and upgraded mid-term targets. For the fourth quarter, the energy major reported narrower loss on revenue strength, despite weakness in wind division Siemens Gamesa. Orders also climbed...
The South Korea stock market has finished lower in four straight sessions, slumping almost 250 points or 5.8 percent along the way. The KOSPI now sits just beneath the 2,420-point plateau although its due for support on Thursday. The global forecast for the Asian markets is murky on a mixed outlook for interest rates. The...