Latest news with #AnniekBao
CNBC
09-05-2025
- Business
- CNBC
Europe stocks set to rise as investors look ahead to U.S.-China trade talks in Switzerland
European stock market futures point to a positive start after the U.K. and U.S. confirmed a trade agreement, and investors look ahead to the U.S.-China trade negotiations set to begin this weekend. The pan-European Stoxx Europe 600 index is expected to open higher by 0.3%, according to futures data from FactSet. The U.K.'s FTSE 100 is also set to rise by 0.3%, while Germany's DAX and France's CAC 40 may open higher by 0.2%. Investors will be digesting earnings updates from German lender Commerzbank and Italy's Mediobanca , both acquisition targets for UniCredit . Portugal's utility company EDP is also revealing its quarterly results after a major power outage earlier this month. On Thursday, most major European indexes closed higher. However, the U.K.'s FTSE 100 bucked the trend to tumble 0.32% after snapping its record winning streak on Wednesday. Asia-Pacific markets were mixed Friday as investors parsed China's April trade data. China's exports surged in April even as businesses bore the brunt of U.S. tariffs that kicked into higher gear last month, while imports narrowed declines as Beijing stepped up stimulus. On Wall Street, futures tied to the Dow Jones Industrial Average fell 52 points, or 0.1%. Nasdaq 100 futures slipped 0.08%, while S&P 500 futures were off about 0.1%. China's exports surged in April even as businesses bore the brunt of U.S. tariffs that kicked into higher gear last month, while imports narrowed declines as Beijing stepped up stimulus. Exports jumped 8.1% last month in U.S. dollar terms from a year earlier, according to data released by customs authority Friday, sharply beating with Reuters' poll estimates of a 1.9% rise. Imports slumped by 0.2% in April from a year earlier, compared with the economists' expectations of a 5.9% drop. Read the full story here. —Anniek Bao
CNBC
02-05-2025
- Business
- CNBC
European stocks head for mixed open after May 1 break as investors assess China-U.S. relations
European stocks are heading for a mixed open on Friday, as investors assess a signal that China is seeking trade negotiations will the U.S. Germany's DAX and France's CAC 40 were seen opening lower, according to IG data, with U.K. stocks moving higher. Most markets were closed on Thursday for the May 1 holiday. London's FTSE 100 ended a choppy session 0.02% higher to mark its 14th straight session in the green, drawing level with its best run since 2017. Asia-Pacific markets moved higher on Friday after China said that it was evaluating the possibility of trade talks with the White House. Authorities reiterated Beijing's request for the U.S. to remove all unilateral tariffs, which have taken duties on Chinese imports to triple digits. Earlier this week, U.S. Treasury Secretary Scott Bessent said it was "up to China to de-escalate" the situation, which is driving up U.S. consumer goods prices as it slows Chinese economic activity. Sentiment on Wall Street was buoyed on Thursday by better-than-expected earnings from Meta and Microsoft , though Apple and Amazon fell in extended trading after more disappointing results. Earnings in Europe on Friday include bank Standard Chartered , which beat estimates with a 10% gain in first-quarter profit, Natwest and Shell . April data on the preliminary euro zone inflation rate is due to be released. — CNBC's Anniek Bao contributed to this report Standard Chartered on Friday beat first-quarter profit expectations on the back of strong growth in its wealth management, global markets, and global banking businesses. The bank's reported profit before taxation for the three months ended in March was $2.103 billion, up from $1.91 billion in the same period a year ago. Read the full story here . Stock chart icon StanChart share price. Copper rose sharply on Friday after China said it was evaluating the possibility of trade talks with the U.S. The metal gained for a second day, and was trading 0.89 higher at $9,206 a ton on the London Metal Exchange as at 11.11 a.m. Singapore time. Meanwhile, iron ore futures in Singapore added 0.42% to $96.60. China's consideration of talks with the U.S. is good news for base metals as they have taken a hit from U.S. President Donald Trump's tariffs on China. Experts had previously highlighted that the Asian giant's copper stockpiles would take a hit if its trade relations with the U.S. remain tense. — Amala Balakrishner Bitcoin rose sharply early Friday, reversing its losses from earlier in the week. The cryptocurrency is now fast approaching $100,000 — a threshold it last traded at on February 7. As at 8.35 a.m. Singapore time, Bitcoin had advanced 0.34% to $96,805.58. Stock chart icon Bitcoin prices
CNBC
30-04-2025
- Business
- CNBC
Europe stocks set for mixed open ahead of more earnings, euro zone growth data
European stock markets were headed for a muted open Wednesday, as investors brace themselves for another slew of earnings along with euro zone economic growth data. The Stoxx 600 index notched a sixth straight positive session on Tuesday, extending its longest winning streak since January. The U.K.'s FTSE 100 meanwhile closed higher for a 12th session, marking its best run since 2017. Corporate results will be back in focus, with Airbus , UBS , Mercedes, TotalEnergies , Stellantis , Barclays , GSK , Volkswagen and Societe Generale among those reporting. U.S. tariffs have unsurprisingly emerged as a key theme in early reports, with many companies citing the difficulty of forecasting, while bank profits beat expectations. Stock chart icon Stoxx 600 index. European markets were heading for a mixed open on Wednesday, according to IG data at 4 a.m. U.K. time. London's FTSE 100 was set to nudge 5.6 points higher to 8,475, Germany's DAX 34.7 points higher to 22,486, and Italy's MIB 77.6 points higher to 37,443. France's CAC 40 was last seen slipping 6.9 points to 7,561. — Jenni Reid China's manufacturing activity fell more-than-expected to a near two-year low, sliding into contractionary territory in April as the escalating trade war with the U.S. hurts bilateral trade. The official purchasing managers' index came in at 49.0 in April, falling below the 50-level threshold which determines expansion from contraction, for the first time since January, according to data from the National Bureau of Statistics on Monday. That reading missed the analysts' expectations for a 49.8 contraction in a Reuters poll, marking a notable slowdown after China's manufacturing activity grew at its fastest rate in a year in March, as exporters front-loaded outbound shipments to avoid higher duties. Read the full story here. —Anniek Bao Samsung Electronics' operating profit and revenue beat analysts' estimates Wednesday, as chip sales rose amid worries of U.S. President Donald Trump's "reciprocal" tariffs coming into effect. The South Korean company posted a 10% jump in first-quarter revenue from a year earlier, while its operating profit climbed 1.5%. Shares of Samsung Electronics traded flat after the results. Read the full story here. —Dylan Butts, Lee Ying Shan
