
European Stocks Resume Slide as US Deficit Concerns Weigh
European stocks fell, snapping a two-day winning streak, as investors sought direction from Nvidia Corp.'s earnings and awaited updates on the US budget deficit debate.
The Stoxx Europe 600 Index fell 0.6% at the close in London as government-bond yields resumed their rise. Real estate and autos were among the few sectors that gained, while miners and retail lagged.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


CNBC
36 minutes ago
- CNBC
A big comeback month ends. Investors might be mistaken thinking all is well
Stocks roared back to life in May, but trouble still looms for Wall Street. The S & P 500 and Dow Jones Industrial Average are up 6.2% and 3.8%, respectively, in May. Both benchmarks are on pace to snap three-month declines. The Nasdaq Composite advanced nearly 10% this month, on track for its best month since November 2023. The U.S. pausing tariffs on China boosted stocks, easing concerns that protectionist trade policies could tip the economy into a recession. Technology investors in particular, which face a high tariff risk, breathed a collective sigh of relief. The sector is up 11.3% in May, led by gains in Nvidia and Super Micro Computer . .SPX mountain 2025-05-01 SPX in May But CLSA strategist Alexander Redman warns the market could soon be in for a rude awakening. "We fear the current market complacency may prove temporary, replaced by a realization that household and corporate spending plans and thus U.S. growth may disappoint," Redman wrote in a note Thursday. Trade worries flared up once again this week. A U.S. federal trade court struck down Trump's reciprocal levies Wednesday night, then an appeals court reinstated them a day later. Trump also said Friday in a Truth Social post that China " violated " its current trade agreement with the U.S., while Treasury Secretary Scott Bessent noted talks between the two countries were "a bit stalled." "We ascribe a striking degree of complacency to the current S & P 500 price action which is seemingly discounting a rapid normalization across multiple sentiment indicators damaged as a consequence of Trump's policy unorthodoxy," Redman at CLSA added. "This extends beyond trade to unfunded tax cuts, some disruption to labor owing to the threat of deportation, and arbitrary cuts to government agencies, among other concerns."


Bloomberg
38 minutes ago
- Bloomberg
Airbus Seeks Middle East Comeback After Boeing's Major May Haul
By , Siddharth Vikram Philip, and Julie Johnsson Save Airbus SE is looking to stage a comeback in June with a flurry of fresh orders after arch-rival Boeing Co. logged its biggest-ever deal this month that left the European planemaker empty-handed. The aircraft manufacturer is turning its focus to the Paris Air Show taking place in the middle of the month, where some carriers from the Middle East are poised to order more widebody aircraft.


New York Post
38 minutes ago
- New York Post
Ben & Jerry's rips Israel for ‘genocide' in Gaza amid fight with parent company Unilever
Ben & Jerry's stoked controversy on Thursday after its independent board issued a statement labeling the conflict in Gaza a 'genocide' — placing renewed strain on its already tense relationship with parent company Unilever. 'We stand with all who raise their voices against genocide in Gaza—from petition-signers to street marchers to those risking arrest,' the left-leaning ice cream maker's board said in a statement that was first reported by The Wall Street Journal. 'When humanity is at stake, silence is not an option, now is the time to speak truth to power.' Advertisement 4 Ben & Jerry's stoked controversy after its independent board issued a statement labeling the conflict in Gaza a genocide. In Pictures via Getty Images The statement marks one of the most forceful corporate condemnations of Israel's conduct in Gaza since the conflict began, and could further deepen the divide between Ben & Jerry's progressive board and the more cautious multinational that owns it. Ben & Jerry's has long used its brand to champion progressive causes. In 2021, it stopped selling ice cream in Israeli-occupied territories, citing inconsistency with its values — a move that triggered backlash, shareholder divestment and legal disputes with parent company Unilever. Though the matter was settled in 2022, a new lawsuit alleges Unilever has again tried to silence the brand's support for Palestinian rights. Advertisement Unilever on Thursday quickly moved to distance itself from the board's remarks. 'The members of Ben & Jerry's social mission board do not speak for anyone other than themselves,' a Unilever spokesperson told the Journal on Thursday. 'We call for peace in the region and for relief for all those whose lives have been impacted.' Advertisement The response is the latest indication of a longstanding and fraught dynamic between the Vermont-based brand and its London-based owner. 4 An Israeli soldier stands on a tank as it is taking position in front of the northern Gaza Strip on March 18. Getty Images Last month, Unilever said it had no intention of selling Ben & Jerry's — despite a bid by the founders of the popular ice cream brand to buy back the company. Unilever also recently threatened to cut its $5 million annual funding to the Ben & Jerry's Foundation unless it agrees to a fast-tracked audit of its donations, escalating tensions over the brand's progressive activism. Advertisement In March, Ben & Jerry's accused its corporate owner of ousting the ice cream maker's chief executive over the brand's anti-Trump political activism. When Unilever acquired Ben & Jerry's in 2000, the deal included a unique arrangement: the company's independent board retained authority over the brand's social mission and marketing. That unusual structure has led to numerous public clashes in recent years, particularly over the Israel-Palestinian dispute. 4 A woman holding a baby cries as Palestinians check the site of an overnight Israeli strike in the central Gaza Strip on Friday. AFP via Getty Images In legal filings, Unilever has criticized the board's 'decision to continue to embroil B&J's and Unilever in the Israeli-Palestinian conflict, one of the most divisive and polarizing topics of our time.' Ben & Jerry's co-founder Ben Cohen made headlines earlier this month when he and other activists disrupted a Senate health committee hearing. As he was removed by security, Cohen shouted: 'Congress is paying to bomb poor kids in Gaza and paying for it by kicking poor kids off Medicaid in the US.' The latest statement comes amid renewed scrutiny of Unilever's ice cream division. Advertisement The company recently announced plans to spin off its ice cream business entirely in order to streamline operations and focusing on higher-growth areas. Analysts have noted that Ben & Jerry's activism — and the backlash it frequently generates — has added complications for the broader Unilever brand. 4 Ben & Jerry's co-founder Ben Cohen was removed by Capitol Police on May 14, 2025, during a Senate Health Committee hearing on the Department of Health and Human Services budget. REUTERS Tensions between the two entities reached a boiling point in 2021 when Ben & Jerry's announced it would stop selling its products in Jewish settlements in the West Bank and East Jerusalem — citing inconsistency with its values. Advertisement That decision prompted legal and financial consequences for Unilever, which was accused of violating anti-boycott laws in several jurisdictions. The backlash led to lawsuits, sanctions and the withdrawal of hundreds of millions of dollars in Unilever stock, according to a March legal filing by the company. In response, Unilever sold its Ben & Jerry's business in Israel to a local distributor — an effort to ensure continued sales across Israel and the West Bank. Advertisement Ben & Jerry's then sued its parent company, alleging that the sale breached the terms of the acquisition agreement and undermined the board's control over social impact decisions. The Post has sought comment from Ben & Jerry's and Unilever.