European stocks dropped sharply on Monday, deepening a global market rout that kicked off last week following the latest announcements of U.S. President Donald Trump’s tariffs regime. The pan-European Stoxx 600 was 6% lower shortly after the opening bell, with all sectors and major bourses suffering significant losses. Germany’s DAX index was more than 9.5%…
Danger for markets is that tariff uncertainty drags on: RBC Brewin Dolphin Uncertainty may keep having a “spook effect” on markets even after U.S. President Donald Trump’s highly anticipated tariff announcement on Wednesday, Zoe Gillespie, chartered wealth manager at RBC Brewin Dolphin, told CNBC’s “Squawk Box Europe” on Wednesday. “The danger is we don’t get…
Shipping giant Hapag-Lloyd posts 2024 profit decline, flags ‘fragile’ environment The Toronto Express container ship, operated by Hapag-Lloyd AG at the Port of Hamburg in Hamburg, Germany, on Wednesday, Dec. 20, 2023. Maria Feck | Bloomberg | Getty Images German shipping giant Hapag-Lloyd on Thursday reported a 19% slide in annual group profit to $2.59…
European markets opened higher on Friday as U.S. President Donald Trump’s tariffs regime continues to remain in focus. Talks centered on a ceasefire deal for Ukraine are also still in the limelight for regional traders. The regional Stoxx 600 was up nearly 0.4% shortly after the opening bell, with London’s FTSE 100 up 0.3% and…
European markets are heading for a lower open Friday, rounding off a volatile week marked by whipsawing policy on U.S. tariffs, the latest rate cut from the European Central Bank, German fiscal reforms and a regional defense spending boost. According to IG data, the U.K.’s FTSE 100 is set to open 48.9 points lower at…
Ukraine’s President Volodymyr Zelensky, Britain’s Prime Minister Keir Starmer and France’s President Emmanuel Macron hold a meeting during a summit at Lancaster House in central London on March 2, 2025. European leaders descended upon London for talks to “drive forward” action on Ukraine, according to the office of UK Prime Minister Keir Starmer. Justin Tallis…
BASF CEO optimistic about the year ahead after a difficult 2024 Markus Kamieth, Chairman of the Board of Executive Directors of the chemical company BASF, speaks at the annual press conference of the chemical company BASF. Picture Alliance | Picture Alliance | Getty Images The chief executive of BASF says the German chemical company is…
European markets opened lower Thursday after U.S. President Donald Trump on Wednesday once again threatened to impose 25% tariffs on imports from the European Union. The Stoxx 600 index was down 0.44% at 9:28 a.m. led by losses in autos, which were down 3.2%. The highly globalized sector was rattled earlier this month by expectations of…
Renault reports record operating profit and revenue beat French automaker Renault on Thursday posted its highest-ever annual operating profit while revenues came in well above expectations, as the company said its “unprecedented” flurry of product launches had boosted performance. Group revenue increased 7.4% year on year to 56.2 billion euros ($58.6 billion), ahead of the…
European stock markets opened lower on Friday after hitting record highs earlier this week. The pan-European Stoxx 600 index moved 0.1% lower when markets opened. The U.K.’s FTSE 100 was down by 0.25%, and Germany’s DAX was lower by 0.3%. Meanwhile, France’s CAC 40 opened flat. Asia-Pacific markets were mixed Friday, after Wall Street rose…