UK labor market eases as wage growth remains strong The U.K. employment rate ticked 0.2 percentage points higher on the quarter to 75.1% between December 2024 and February 2025, the Office for National Statistics said in a labor market report published Tuesday. In an initial estimate, the number of payrolled employees fell 0.3% month on…
Gold surged to a fresh all-time high on Monday, driven by investor anxiety over rapidly shifting US trade policy, before paring back gains, before pulling back slightly. Bullion briefly traded above $3,245 an ounce, surpassing Friday’s previous record. The rally extended a strong run for the precious metal, which rose more than 6% last week,…
European stock markets were broadly higher on Monday morning, as investors parsed news of a U.S. tariff exemption for some tech items while the earnings season kicks into gear. The pan-European Stoxx 600 index was 2.2% higher at 9:30 a.m. London time with all sectors in the green, bolstered by technology gains of 3%. Oil…
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%…
The UK’s FTSE 100 suffered its worst day since the start of the pandemic as Keir Starmer agreed that “like-minded countries must maintain strong relationships” in the wake of Donald Trump’s tariffs. Trading across the world has been hammered in the aftermath of the US president unveiling his full range of import taxes on countries…
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…
Sterling (GBPUSD=X) edged higher against the dollar in early European trading on Monday, rising 0.3% to $1.2955, as investor concerns about the US economy weighed on the greenback. The latest developments in the global economic and trade landscape, particularly US president Donald Trump’s tariff policies, continue to cloud market sentiment. Uncertainty surrounding the impact of…
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 bond yields fall Yields on regional government bonds ticked lower on Monday morning, as investors awaited a key German vote on fiscal policy reform and continued to monitor developments in U.S.-EU trade relations. The yield on Germany’s 10-year government bonds — widely seen as a benchmark for the euro zone — was 5 basis…
Asian markets shrugged off another decline on Wall Street last night, with markets in China gaining after state-run banks and other financial institutions were ordered to do more to help spur more consumer spending. The Hang Seng (^HSI) jumped more than 2% in Hong Kong and the Shanghai Composite (000001.SS) was 1.8% up by the…