Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Ashutosh Joshi, an equities reporter in Mumbai. Nifty futures are flatlining, setting the tone for a cautious start to the week for Indian stocks. After…
Euro falls as greenback boosted by U.S. trade optimism The euro was 0.53% lower against the U.S. dollar at $1.167 at 9:15 a.m in London (4:15 a.m. ET), as the greenback notched broad gains on the back of the EU trade deal announced Sunday. Stock Chart IconStock chart icon Euro/U.S. dollar. While uncertainty remains over…
Wall Street looks to begin a jam-packed week on a high note as investors cheer the U.S.-EU trade deal that was announced on Sunday. The agreement with America’s biggest trading partner removes a key source of market uncertainty and the threat of a damaging trade war. It also adds to an increasingly bullish narrative as…
Investors looking to protect against a pullback with stocks at peaks are venturing beyond plain-vanilla options. The steady grind higher in the S&P 500 Index has pushed most gauges of implied and realized volatility to the lowest levels in months — in some cases years. The collapse in volatility after the April tariff shock has…
The reemergence of meme stock mania last week has professional investors facing a quandary: ride the excitement of retail traders or take it as the latest warning sign that the frothy markets are due for a pullback. The speculative stocks caught up in the frenzy this week, like Opendoor Technologies Inc. and Kohl’s Corp., gave…
China’s industrial earnings fell for a second straight month, with authorities set to intensify their drive to rein in excessive competition that’s dragging down prices and compounding the pain from US tariffs. Industrial profits dropped 4.3% last month from a year earlier, after a contraction of 9.1% in May, according to data released Sunday by…
European officials are working to secure a trade deal with the Trump administration, as regional companies sound the alarm over financial hits even before reciprocal tariffs have come into play. Earlier this month , U.S. President Donald Trump said he would slap a 30% tariff on all goods imported to America from the European Union,…
Michelin income drops A view of tyre maker Michelin’s plant in Cholet, France, November 8, 2024. REUTERS/Stephane Mahe Stephane Mahe | Reuters Michelin posted a 27.8% slide in net income in the first half of the year, a sharper decline than analysts had expected. The car parts maker said the threat of higher tariffs had…
LVMH’s fashion and leather goods sales fell 9 percent in the second quarter, just missing analyst estimates as the Louis Vuitton and Dior owner struggles to bounce back from a deepening industry slump. Group sales fell 4 percent, following a 3 percent slide the previous quarter. Sales improved in the retail division powered by Sephora,…
Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference at the Porte de Versailles exhibition center in Paris on June 16, 2023. Gonzalo Fuentes | Reuters Tesla reported a 16% decline in automotive revenue as sales fell for a second straight quarter and again trailed analysts’ estimates. Here’s how the company did,…