Latest news with #Boujnah
Reuters
06-05-2025
- Business
- Reuters
Euronext unveils plans to back European defence sector's financing needs
May 6 (Reuters) - Euronext ( opens new tab will deploy a series of measures aimed at supporting Europe's strategic autonomy, including easing the mechanisms for financing defence firms, the pan-European stock exchange group said on Tuesday. "European aerospace and defence companies have expressed the urgent need to invest heavily in their innovation and production capacities to guarantee Europe's strategic autonomy for the next decade," it said in a statement. To support the significant growth in the defence sector's financing needs, Euronext plans to launch a "European Aerospace and Defence Growth Hub", bringing together investors and company executives that seek funding, by the end of 2025. It will also support initial public offerings in the sector through its new IPOready Defence programme, to be launched in the third quarter, which will benefit from EU funding, and a specific European defence bonds segment with accelerated listing procedures. These initiatives are part of a broader strategy to support Europe's strategic autonomy, focusing on what group CEO Stéphane Boujnah called the "New ESG: Energy, Security, Geostrategy". For each of these three pillars, Euronext will launch a dedicated index to increase the sectors' visibility and channel investments. Boujnah had announced the group's intention to launch these indices during the group's annual conference in March. Tuesday's announcements align with a broader geopolitical shift as Europe strives to ramp up military spending in response to U.S. pressure and policy shifts. European Commission President Ursula von der Leyen said in March that the European Union could mobilize up to 800 billion euros ($905.5 billion) to strengthen the continent's defence industry, along with incentives for investments in the sector. ($1 = 0.8835 euros)
Yahoo
08-04-2025
- Business
- Yahoo
US is starting to look like an emerging market after tariff shock, Euronext CEO says
PARIS (Reuters) - The United States is starting to resemble an emerging market more than a developed country, Euronext's CEO Stephane Boujnah said on Tuesday as financial markets remained volatile after the imposition of sweeping U.S. tariffs. "Fear exists all over," the head of the pan-European stock exchange operator told France Inter radio. "The country (United States) is unrecognisable and we are living in a transition period. There is a certain form of mourning, because the United States that we had known for the most part as a dominant nation resembled the values and institutions of Europe and now resembles more an emerging market." Boujnah said global financial markets were rotating assets and were trying to adapt to a United States that they do not recognise after U.S. President Donald Trump announced global tariffs on imports to the United States. Trump has said the tariffs - a minimum of 10% for all U.S. imports, with targeted rates of up to 50% - would help the United States recapture an industrial base that he says has withered over decades of trade liberalization. Boujnah said there was some good news in that oil prices and long-term rates were down, and that there were flows of money leaving the United States to be re-invested in Europe.
Yahoo
08-04-2025
- Business
- Yahoo
US is starting to look like an emerging market after tariff shock, Euronext CEO says
PARIS (Reuters) - The United States is starting to resemble an emerging market more than a developed country, Euronext's CEO Stephane Boujnah said on Tuesday as financial markets remained volatile after the imposition of sweeping U.S. tariffs. "Fear exists all over," the head of the pan-European stock exchange operator told France Inter radio. "The country (United States) is unrecognisable and we are living in a transition period. There is a certain form of mourning, because the United States that we had known for the most part as a dominant nation resembled the values and institutions of Europe and now resembles more an emerging market." Boujnah said global financial markets were rotating assets and were trying to adapt to a United States that they do not recognise after U.S. President Donald Trump announced global tariffs on imports to the United States. Trump has said the tariffs - a minimum of 10% for all U.S. imports, with targeted rates of up to 50% - would help the United States recapture an industrial base that he says has withered over decades of trade liberalization. Boujnah said there was some good news in that oil prices and long-term rates were down, and that there were flows of money leaving the United States to be re-invested in Europe. Sign in to access your portfolio
Reuters
08-04-2025
- Business
- Reuters
US is starting to look like an emerging market after tariff shock, Euronext CEO says
PARIS, April 8 (Reuters) - The United States is starting to resemble an emerging market more than a developed country, Euronext's ( opens new tab CEO Stephane Boujnah said on Tuesday as financial markets remained volatile after the imposition of sweeping U.S. tariffs. "Fear exists all over," the head of the pan-European stock exchange operator told France Inter radio. "The country (United States) is unrecognisable and we are living in a transition period. There is a certain form of mourning, because the United States that we had known for the most part as a dominant nation resembled the values and institutions of Europe and now resembles more an emerging market." Boujnah said global financial markets were rotating assets and were trying to adapt to a United States that they do not recognise after U.S. President Donald Trump announced global tariffs on imports to the United States. Trump has said the tariffs - a minimum of 10% for all U.S. imports, with targeted rates of up to 50% - would help the United States recapture an industrial base that he says has withered over decades of trade liberalization. Boujnah said there was some good news in that oil prices and long-term rates were down, and that there were flows of money leaving the United States to be re-invested in Europe.
Euronews
22-03-2025
- Business
- Euronews
Euronext CEO: 'There is a massive migration of investment from the US to Europe'
ADVERTISEMENT European stock markets have seen US investments flocking to this side of the Atlantic in the last three months, partially due to the "uncertainty and volatility around decisions taken in the US," CEO of Euronext Stéphane Boujnah said to Euronews' Angela Barnes. "The perception of Europe is that it's a safe harbour because predictability is there, even if GDP growth is so far perceived as being lower than in the US." Currently, the most important sector of investment in Europe with public money, is defence. While defence spending remains key to discussions on Thursday and Friday, during the EU Summit in Brussels, share prices in European weapons stocks have surged. "Euronext is facing spectacular growth in the volumes we trade or across all asset classes, but in particular in shares and more specifically the increase of the growth of the stock price of the defence sector across Europe," Boujnah said. Germany's Rheinmetall, France's Thales and Italy's Leonardo are among the companies that have seen a boost over the past month. Boujnah believes that Europe's commitment to structure its defence policy in a fundamentally new way is a trend that is going to continue. American multinational investment bank Morgan Stanley has just raised the price target on Rheinmetall shares to €2,000 from €1,300 but suggested the stock could also double to €3,000 if European defence spending accelerates with high speed. Watch the interview above.
