European Shares Decline On Tariff Worries

RTTNews | il y a 55

(RTTNews) - European stocks traded lower on Wednesday as ASML warned of increasing uncertainty around its outlook for 2025 and 2026 and Nvidia said it would incur $5.5 billion in charges due to new U.S. export controls.

Investors also looked ahead to the European Central Bank's policy meeting on Thursday, with markets widely expecting a 25-basis-point rate cut.

In economic releases, U.K. consumer price inflation weakened in March largely due to the fall in petrol prices, the Office for National Statistics said today.

Consumer prices registered an annual growth of 2.6 percent, slower than the 2.8 percent increase in February. Prices were forecast to climb 2.7 percent.

Core inflation that excludes prices of energy, food, alcohol and tobacco, weakened to 3.4 percent, in line with expectations, from 3.5 percent in the previous month.

The pan European STOXX 600 was down 0.7 percent at 504.74 after climbing 1.6 percent on Tuesday.

The German DAX and France's CAC 40 both fell around 0.6 percent while the U.K.'s FTSE 100 was down 0.4 percent.

ASML Holding 5.3 percent, Infineon Technologies dropped 1.6 percent after the U.S. government imposed new export restrictions on Nvidia's H20 AI chips, requiring a license for shipments to China.

Heineken NV rallied 2.5 percent. The world's second largest brewer confirmed its annual outlook after reporting better-than-expected Q1 results.

Sartorius AG surged 4.5 percent. After posting better-than-expected Q1 results, the pharmaceutical equipment supplier said it aims to be more profitable in 2025.

Ipsen SA, a specialty-care biopharmaceutical company, fell 2.7 percent despite delivering strong sales in the first quarter of 2025 and confirming its full-year guidance.

Gold Dips As US-China Trade Talks Continue

Gold prices dipped on Tuesday, ahead of US inflation report and ongoing US-China official talks, which is now the focus of investors from all over the world. Front Month Comex Gold for June delivery lost $11.20 (or 0.34%) to $3320.90 per troy ounce on Tuesday. Front Month Comex Silver for June delivery lost $14.60 cents (or 0.40%) to $36.542 today. The much-anticipated high-level trade talks between the world's two largest economies, U.S. and China, began on Monday in London and continued for the second day today. On the economic data front, the US Labor Department will release Consumer Price Index (CPI) data on Wednesday, which may help to determine the Federal Reserve's monetary policy before the Fed's June 17-18 meeting. Meanwhile, the World Bank, in its biannual Global Economic Prospects, has cut the global growth forecast to 2.3% from 2.7% for the current year citing "trade barriers" as a reason behind the global slowdown.

RTTNews | il y a 1h 7min

Crude Oil Prices Fade As US-China Talks Progress

Crude oil prices were down on Tuesday amidst uncertainty over trade talks between China and the United States continued, although the outcome remains uncertain. WTI oil closed down by $0.31 to settle at $64.98 per barrel. August Brent crude was last seen down by $0.03 to $67.01. To ease the standstill created by the reciprocal tariffs imposed by U.S. President Donald Trump and China, high-level officials from both nations convened at London on Monday to discuss steps to soften the conflict. As the talks went on for the second day today, Trump told reporters at the White House that the talks were "going well" and that he was "only getting good reports." While U.S. Treasury Secretary Scott Bessent described Monday's talks as "good meeting," the Commerce Secretary Howard Lutnick called them as "fruitful." On the geopolitical front, however, Russia showed no sign of relenting on its war with Ukraine and continued its attacks. Limiting the downside, the U.S. Energy Information Administration has reported today that US crude oil production is likely to decline over the next 18 months - while the approach of the summer driving season is also good news.

RTTNews | il y a 1h 12min

Canadian Dollar Appreciates Amid Risk Appetite

The Canadian dollar climbed against its major counterparts in the New York session on Tuesday, as investors monitored trade talks between the U.S. and China that continued for a second day.

RTTNews | il y a 1h 53min

Swiss Market Ends Marginally Down

Save for a very brief while at the start, the Switzerland market stayed weak on Tuesday as investors refrained from making significant moves, choosing to wait for directional clues. Investors awaited the outcome of the high-level trade discussions between U.S. and Chinese officials in London.

RTTNews | il y a 3h 18min

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Tuesday with investors mostly making cautious moves as they awaited the outcome of the ongoing Sino-U.S. trade talks in London. German stocks are drifting lower on Tuesday as investors await the outcome of high-level U.S. - China trade talks in London.

RTTNews | il y a 3h 34min

TSX Up Marginally; Energy Stocks Rise

After a flat start and a subsequent climb up north, the Canadian market retreated Tuesday morning, and at a little past noon, was up marginally, led by gains in energy, consumer and communications sectors. Investors are cautiously optimistic about some positive progress in U.S.-China trade relations.

RTTNews | il y a 4h 41min

U.S. Stocks Mostly Subdued In Lackluster Trade

U.S. stocks are turning in a mixed performance in lackluster trade on Tuesday as traders await the outcome of the ongoing trade talks between China and the U.S. in London. Trade negotiations between the world's two largest economies commenced on Monday, and no big breakthrough seems to have been arrived as yet.

RTTNews | il y a 5h 17min

Eurozone Investor Confidence Strongest In A Year: Sentix

Euro area investor morale rose to the highest level in a year in June, driven by the economic recovery in Germany, survey data from the behavioral research institute Sentix showed Tuesday. The investor sentiment index rose to +0.2 in June from -8.1 in May. This was the highest reading since June 2024 and remained well above economists' forecast of -6.0.

RTTNews | il y a 8h 12min

EURUSD	1.14232	GBPUSD	1.3493	AUDUSD	0.65211
USDJPY	144.817	USDCAD	1.36668	USDCHF	0.82198

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European Shares Decline On Tariff Worries