Latest news with #AmalaBalakrishner
CNBC
12-05-2025
- Business
- CNBC
European stocks set to follow global markets higher, buoyed by U.S.-China trade deal
European markets are expected to start the new trading week on a positive note following the White House's announcement that it had reached a "trade deal" with China, despite few details being known about the agreement. The U.K.'s FTSE 100 index is expected to open 35 points higher at 8,586, Germany's DAX up 192 points at 23,688, France's CAC 70 points higher at 7,785 and Italy's FTSE MIB 366 points higher at 39,139, according to data from IG. It's a quiet data for corporate and data releases although Unicredit releases its latest earnings on Monday. European markets are set to follow their global counterparts higher on Monday after the Trump administration announced a "trade deal" with China following negotiations over the weekend in Switzerland. — CNBC's Amala Balakrishner contributed reporting to this market summary Bitcoin slid on Monday, but continued to hold steady above the $100,000 threshold. The cryptocurrency was down 0.42% to $103,859.94 as of 11.39 a.m. Singapore time. The latest move is a reversal from its fast gains in the last week, which pushed investors to forecast that it will soon hit its which happened at the end of January. Stock chart icon Bitcoin prices Spot gold plunged Monday as investors cheered early signs of progress in trade talks between the U.S. and China. As at 9.20 a.m. Singapore time, the bullion was trading 1.85% lower at $3,262.29 per ounce. Stock chart icon Spot gold The latest moves in the precious metal — which is a traditional hedge against political and financial instability — is a reversal from the 2.6% gain it notched the week before as investors sought refuge in it. — Amala Balakrishner European markets are expected to start the new trading week on a positive note. The U.K.'s FTSE 100 index is expected to open 35 points higher at 8,586, Germany's DAX up 192 points at 23,688, France's CAC 70 points higher at 7,785 and Italy's FTSE MIB 366 points higher at 39,139, according to data from IG. Earnings come from Unicredit on Monday. — Holly Ellyatt
CNBC
06-05-2025
- Business
- CNBC
European stocks set for a tepid start; FTSE poised to open higher, continuing its winning streak
European stocks are expected to have a mixed start on Tuesday as investors digest corporate earnings and shifting U.S. trade policy. Futures for the pan-European Stoxx Europe 600 index point to a 0.1% lower open, according to FactSet data. Germany's DAX and France's CAC 40 are also expected to open in the red, marginally. Meanwhile, the U.K.'s FTSE 100 futures point to a positive start of around 0.2%. The benchmark set a new record for its longest ever run of daily gains on Friday. London markets were closed on Monday. Elsewhere, Asia-Pacific markets mostly rose Tuesday as investors assessed trade developments between the U.S. and countries in the region, with focus also on Asian currencies that have been strengthening on the back of a declining dollar. India has reportedly proposed zero tariffs on steel, auto components and pharmaceuticals on a reciprocal basis and up to a certain amount of imports, while Malaysia said Monday that Washington had agreed for further talks and there could be a cut in tariffs. On Wall Street, S&P 500 futures fell early Tuesday, as investors awaited the start of the Federal Reserve's first policy meeting since U.S. President Donald Trump announced "reciprocal" tariffs in early April. S&P 500 futures flickered under 0.2%. Futures tied to the Dow Jones Industrial Average were down just 26 points. Nasdaq-100 futures slipped 0.35%. During Monday's main session, the S&P 500 fell 0.6% to snap its nine-day rally — its longest winning streak since 2004. The tech-heavy Nasdaq Composite dropped 0.7%, while the Dow slipped 0.2%. — CNBC's Amala Balakrishner, Hakyung Kim contributed to this report Asian currencies weakened Tuesday as the U.S. dollar clawed back two days of declines. The U.S. dollar index moderately edged up following data from the Institute for Supply Management showing stronger-than-expected service sector activity in April despite concerns over the impact of tariffs. As at 11.32 a.m. Singapore time, the Taiwanese dollar had depreciated 3.2% against the greenback to 30.093. This follows strong gains in the currency in the previous session when it hit a three-year high. The Australian and Singapore dollar - which had also seen gains on Monday following a reelection of their incumbent governments - depreciated sharply. The Australian dollar weakened 0.15% against the greenback to 0.6467, while the Singapore dollar depreciated 0.26% to 1.2897. Meanwhile, the offshore Chinese yuan depreciated 0.28% to 7.220.9. Elsewhere in the region, the Japanese yen was little changed while the Malaysian ringgit weakened 0.93%. — Amala Balakrishner U.S. stock futures were flat Monday night. Futures tied to the S&P 500 dipped less than 0.1%, while Nasdaq 100 futures fell 0.2%. Dow Jones Industrial Average futures were just above the flatline. — Hakyung Kim
CNBC
29-04-2025
- Business
- CNBC
European stocks head for mixed open as investors eye tariff impact on earnings
European markets are heading for a mixed open on Tuesday, as investors parse earnings for the impact of U.S. tariffs and resultant global economic uncertainty. The pan-European Stoxx 600 index closed higher the last five sessions and has returned to a year-to-date gain despite sharp selling in March and April on tariff fears. A flurry of corporate results could now cloud or brighten the picture in the weeks ahead. Tuesday's announcements come from firms such as Lufthansa , Volvo Cars , Adidas , Carlsberg , BP , AstraZeneca , Deutsche Bank and Novartis . Europe's largest lender HSBC beat estimates in the early hours despite year-on-year falls in profit and revenue. Data is due on Spanish economic growth, ahead of the figure for the wider euro zone on Wednesday. Traders will also be keeping an eye on U.S. jobs market data out at 10 a.m. ET for clues on the health of the world's largest economy and the impact on Federal Reserve rates policy. The U.K.'s FTSE 100 was seen opening 10.6 points higher at 8434.7 points, according to IG data at 5:13 a.m. in London. Germany's DAX was seen rising 34.1 points to 22,297, while France's CAC 40 dropped 18 points to 7,553. Italy's MIB was last seen nudging 34 points higher to 37,001. — Jenni Reid Spot gold slid Tuesday, reversing gains from overnight as bargain-hunting kicked in. The precious metal slid 0.33% as of 9.15 a.m. Singapore time on Monday to trade at $3,330.87 per ounce, as investors kept watch on developments around trade negotiations between the U.S. and China. Stock chart icon Spot gold The latest moves in the bullion — which is a traditional hedge against political and financial instability — come after it crossed the $3,500 threshold to hit an all-time high last week, on the back of the heightened macroeconomic uncertainty. — Amala Balakrishner Oil prices fell Tuesday on the back of simmering trade tensions between the U.S. and China. Brent Crude slipped 0.25% to trade at $65.61 per barrel as of 8.26 a.m. Singapore time, Meanwhile, the West Texas Intermediate crude fell 0.31% to $61.86. The moves come as the U.S.-China trade war dominates investor sentiment on oil prices. China is the world's largest importer of oil and the higher U.S. tariffs may put pressure on its fuels and petrochemicals sectors. — Amala Balakrishner Jaque Silva | Nurphoto | Getty Images Megacap technology earnings this week will be pivotal for the market, according to Deutsche Bank. Meta and Microsoft are both set to report earnings on Wednesday. Apple and Amazon are slated to release results on Thursday. "It's fair to say that these Mag-7 earnings will go a long way to dictating the tone of the week," Jim Reid, the bank's global head of macro and thematic research, wrote to clients. — Alex Harring
