European Stocks Close Lower On Trade War Fears

RTTNews | Před 134 dny
European Stocks Close Lower On Trade War Fears

(RTTNews) - European stocks closed on a weak note on Monday after languishing in the red right through the day's session amid rising fears of a global trade war.

Selling was widespread in most of the markets across the region as investors awaited the U.S. President's fresh tariff announcement, and the impending implementation of the already announced duties this week.

U.S. President Donald Trump said in an interview on Sunday that he will likely impose duties on "essentially all" of the U.S.'s trading partners.

Including a 25% levy on "all cars that are not made in the United States," several tariffs are set to take effect this week. The U.S. President is also expected to announce his plan for reciprocal tariffs.

British Prime Minister had said earlier that he had productive talks with Trump about securing exemptions from tariffs. France's Trade Minister Laurent Saint-Martin has stressed that Europe must not be "pushed around" in a trade conflict it did not seek.

The pan European Stoxx 600 fell 1.47%. The U.K.'s FTSE 100 ended down 0.88%, Germany's DAX closed 1.33% down, and France's CAC 40 settled lower by 1.58%. Switzerland's SMI tumbled 1.89%.

The FTSE 100 gained about 5% in the first quarter, while the DAX and CAC 40 added about 11% and 6% respectively during the Jan - March 2025 period.

Among other markets in Europe, Austria, Belgium, Denmark, Finland, Greece, Iceland, Ireland, Italy, Netherlands, Poland, Portugal, Russia, Spain and Sweden ended with sharp to moderate losses.

Norway and Turkiye bucked the trend and closed higher.

In the UK market, IAG dropped more than 6.5%. Entain, JD Sports Fashion, Anglo American Plc, Glencore, Easyjet, Antofagasta, Spirax Group, Melrose Industries and St. James's Place lost 3 to 5.7%.

Schroders, Rolls-Royce Holdings, Rio Tinto, Informa, WPP, M&G, Ashtead Group, Mondi, Hiscox, Weir Group, Barclays Group, Lloyds Banking Group, Natwest Group, GSK and Barratt Redrow also declined sharply.

Associated British Foods ended down by 1.57% as Primark CEO Paul Marchant resigned amid an investigation into behaviour allegations.

3i Infrastructure closed lower by 2.59% after the investment company released a pre-close trading update for the year ending 31 March 2025.

Pets At Home Group shares tumbled 8.4% after a profit warning. Pennon Group shares closed down 1%. The British utility said a water contamination outbreak which affected thousands of homes in a Southwest seaside resort pushed up 'reshaping and transformation' costs to around £36m.

British American Tobacco climbed 1.86%. Severn Trent, Imperial Brands, Smith & Nephew, Shell, Beazley, Airtel Africa and Next gained 0.8 to 1.4%.

In the German market, Porsche, Commerzbank, BASF, Brenntag, Volkswagen, Sartorius, Continental, BMW and Siemens Energy lost 3 to 4%.

Merck, Mercedes-Benz, Heidelberg Materials, Adidas, Infineon, Bayer, Siemens Healthineers, MTU Aero Engines, Deutsche Bank, Fresenius, Siemens and Daimler Truck Holding also declined sharply.

Deutsche Boerse, Covestro, Symrise and E.ON posted moderate gains.

In the French market, Capgemini, Saint-Gobain, Teleperformance, Kering, Publicis Groupe, Dassault Systemes, Vivendi and Societe Generale lost 3 to 5%.

Pernod Ricard, Edenred, STMicroElectronics, LVMH, Accor, BNP Paribas, Stellantis, Vinci, Michelin, Renault, Airbus, Sanofi and ArcelorMittal also declined sharply.

Orange, TotalEnergies and Unibail Rodamco closed higher.

In economic news, Germany's import prices grew at the fastest pace in more than two years in February, data from Destatis showed. Import prices rose 3.6% on a yearly basis in February, following January's 3.1% increase.

On a monthly basis, import prices moved up 0.3% but slower than the 1.1% increase seen in January. This was the weakest growth in the current five-month sequence of expansion.

Further, data showed that export prices were 2.5% higher than in the same period last year, marking the largest annual increase recorded since March 2023. This followed January's 2.4% increase.

Month-on-month, export price inflation softened to 0.3% from 0.7% in January.

A separate data showed retail sales increased 0.8% in February, slightly faster than the revised 0.7% rise in January. Economists had forecast sales to remain flat after January's initially estimated growth of 0.2%.

On a yearly basis, retail sales growth improved to 4.9% from 3.3% in the previous month.

read more
European Shares Seen Up On Fed Rate Cut Hopes

European Shares Seen Up On Fed Rate Cut Hopes

European stocks are seen opening higher on Wednesday as July U.S. CPI inflation data suggested little impact from President Trump's tariffs, reinforcing bets the Federal Reserve will cut interest rates to support a cooling labor market.
RTTNews | Před 1 h 35 min
Sensex, Nifty Modestly Higher In Early Trade

Sensex, Nifty Modestly Higher In Early Trade

Indian shares opened on a firm note Wednesday after official data showed India's consumer price inflation eased more-than-expected in July to the lowest level in just over eight years, bringing inflation below RBI's tolerance band and raising prospects of another interest rate cut.
RTTNews | Před 2 h 33 min
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Wednesday, reversing the gains in the previous two sessions, with the benchmark S&P/ASX 200 falling well below the 8,850 level, despite the broadly positive cues from Wall Street overnight, with weakness in energy and financial stocks partially offset by gains in mining and technology stocks.
RTTNews | Před 3 h 48 min
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, boosted by Hong Kong and Japanese markets amid improved outlook for interest rates after US consumer price inflation for July came in line with expectations. The U.S. and China also confirmed a 90-day extension of their trade truce. Asian markets closed mixed on Tuesday.
RTTNews | Před 3 h 59 min
Rebound Anticipated For Thai Stock Market

Rebound Anticipated For Thai Stock Market

Ahead of the long holiday weekend for Queen Sirikit's birthday, the Thai stock market had ended the four-day winning streak in which it had surged almost 50 points or 4.1 percent. The Stock Exchange of Thailand now sits just beneath the 1,260-point plateau although it's expected to bounce higher again on Wednesday.
RTTNews | Před 5 h 7 min
Japanese Market Sharply Higher

Japanese Market Sharply Higher

The Japanese stock market is sharply higher on Wednesday, extending the gains in the previous six sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving a tad above the 43,300 level to fresh record all-time highs, with gains across all sectors led by exporters and financial stocks.
RTTNews | Před 5 h 25 min
Indonesia Bourse May Test Resistance At 7,800 Points

Indonesia Bourse May Test Resistance At 7,800 Points

The Indonesia stock market has tracked higher in three straight sessions, improving more than 300 points or 4 percent along the way. The Jakarta Composite Index now sits just above the 7,790-point plateau and it may at least open higher again on Wednesday.
RTTNews | Před 5 h 37 min