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Swiss Market Ends Modestly Lower
The Switzerland market ended weak on Monday after languishing in negative territory almost right through the day's session as geopolitical tensions and tariff concerns weighed on sentiment.
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vor 66 Tagen
Major European Markets Close Weak On Tariff Jitters, Geopolitical Concerns
European stocks closed weak on Monday as rising trade tensions due to China and the U.S. accusing each other of violating trade agreement, and the Trump administration's announcement that it would double the tariffs on steel and aluminum imports to 50% from June 4th.
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vor 66 Tagen
Energy, Materials Stocks Shine As TSX Rises 0.5%
The Canadian market is up in positive territory a little past noon on Monday, lifted by gains in energy, materials and communications sectors, even as the mood remains cautious amid concerns about Sino-US trade tensions, and the Trump administration's announcement that it would increase the tariffs on imports of steel and aluminum to 50% from 25%.
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vor 66 Tagen
U.S. Construction Spending Unexpectedly Falls 0.4% In April
A report released by the Commerce Department on Monday unexpectedly showed a continued decrease by U.S. construction spending in the month of April. The Commerce Department said construction spending fell by 0.4 percent to an annual rate of $2.152 trillion in April after shrinking by 0.8 percent to a revised rate of $2.162 trillion in March.
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vor 66 Tagen
U.S. Manufacturing Index Unexpectedly Edges Down To Six-Month Low In May
A reading on U.S. manufacturing activity unexpectedly edged slightly lower in the month of May, according to a report released by the Institute for Supply Management on Monday. The ISM said its manufacturing PMI slipped to 48.5 in May from 48.7 in April, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 49.5.
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vor 66 Tagen
UK Manufacturing Sector Shrinks Sharply
The UK factory sector shrank further in May as the weak global demand, trade tensions and rising cost burdens weighed on production and new orders, the purchasing managers' survey results from S&P Global showed on Monday. The final manufacturing PMI rose to a three-month high of 46.4 in May from 45.4 in April. The reading was also above the flash estimate of 45.1.
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vor 66 Tagen
Eurozone Manufacturing Activity Contraction Slows
Euro area factory activity fell at the slowest pace in more than two years in May, signaling a gradual progress towards recovery, final results of the purchasing managers' survey from S&P Global showed on Monday. The HCOB final manufacturing Purchasing Managers' Index rose to 49.4 in May, in line with the flash estimate, from 49.0 in April.
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vor 66 Tagen
more news
UK Mortgage Approvals Fall Unexpectedly; House Prices Rise
UK mortgage approvals declined unexpectedly to the lowest level in more than a year in April as stamp duty holiday ended in March, data from the Bank of England revealed Monday. Elsewhere, data from the mortgage lender Nationwide Building Society showed that house prices rebounded unexpectedly in May suggesting momentum in underlying demand. Approvals for home loans rose to 60,463 in May.
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vor 66 Tagen
Bay Street May Open Higher On Firm Commodity Prices
Canadian shares may open higher on Monday as firm crude oil and bullion prices are expected to trigger some strong buying in energy and materials sectors.
Worries about trade tensions may hurt a bit and limit market's upside.
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vor 66 Tagen
FTSE Up Slightly As Stocks Turn In Mixed Performance
U.K. stocks are turning in a mixed performance in cautious trade on Monday, amid concerns about the Trump administration's tariff stance.
The Sino-U.S. trade tensions, with the two nations accusing each other of violating trade agreement, and U.S. President Donald Trump's remarks that the tariffs on steel and aluminum will be doubled to 50%, are weighing sentiment.
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vor 66 Tagen
U.S. Dollar Falls On Re-escalating US-China Trade Tensions
The U.S. dollar weakened against other major currencies in the European session on Monday, as U.S. President Donald Trump's decision to double tariffs on steel and aluminum imports along with rising Sino-U.S. tensions threatened to rekindle global trade tensions.
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vor 66 Tagen
Sensex, Nifty Recover Early Losses To End On Flat Note
Indian shares fluctuated before ending on a flat note Monday.
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vor 67 Tagen
Swiss GDP Growth Accelerates In Q1
Switzerland's economic growth accelerated in the first quarter on a notable rebound in exports to the US ahead of the increase in trade tariffs, official data revealed on Monday. Gross domestic product expanded by adjusted 0.8 percent sequentially after rising 0.6 percent in the fourth quarter of 2024, the State Secretariat for Economic Affairs, or SECO, reported.
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vor 67 Tagen
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