Latest news with #CAC40
CNBC
3 hours ago
- Business
- CNBC
European stock markets set for a positive open amid U.S. tariff uncertainty
European stock markets are expected to open in positive territory on Friday. Futures contracts for the Stoxx Europe 600 index point to a 0.1% gain at the open. Meanwhile, the U.K.'s FTSE 100 , is set to open 0.2% higher, France's CAC 40 could add 0.1% and Germany's DAX is seen opening flat at the start of the trading day. In Italy, shares of Metriks AI will trade for the first time on the stock exchange under the ticker MTK. The company provides artificial intelligence and analytical services and services to its clients. — Ganesh Rao
Business of Fashion
17 hours ago
- Business
- Business of Fashion
US Ruling That Trump Tariffs Are Unlawful Stirs Relief and Uncertainty
A US trade court ruling that blocked most of President Donald Trump's tariffs and found he had overstepped his authority triggered some relief on financial markets on Thursday, while adding to the uncertainties weighing on the global economy. Among the United States' big trading partners, in the throes of negotiation with the Trump administration, Germany said it could not comment, as did the European Commission. 'We ask for your understanding that we cannot comment on the legal proceedings in the US, as they are still ongoing,' a spokesperson for Germany's economy ministry said. 'We continue to hope that a mutually beneficial solution can be reached in the negotiations between the EU Commission and the US government.' ADVERTISEMENT Winners on financial markets included chip makers, banks, luxury stocks and auto industry, all hit hard by tariff-led disruptions. The US dollar rallied 0.2 percent against the yen and 0.3 percent against the Swiss franc as currencies and assets that have benefited from the tariff-induced market turmoil fell. Wall Street stock index futures rose by more than 1.5 percent The trade court ruling on Wednesday dealt a blow to Trump's central policy of using tariffs to wring concessions from trading partners. His administration immediately said it will appeal and analysts said investors will remain cautious as the White House explores its legal avenues. Following a market revolt after Trump's major tariff announcement on April 2, the US president paused most import duties for 90 days and said he would hammer out bilateral deals with trade partners. But apart from a pact with Britain this month, agreements remain elusive and the court's stay on the tariffs may dissuade countries like Japan from rushing into deals, analysts said. Another pause in Trump's stop-start trade policy could be helpful to opponents of his tariffs and to traders who relish volatility. ADVERTISEMENT 'Assuming that an appeal does not succeed in the next few days, the main win is time to prepare, and also a cap on the breadth of tariffs – which can't exceed 15 percent for the time being,' George Lagarias, chief economist at Forvis Mazars international advisers, said. Turmoil Trump's trade war has shaken makers of everything from luxury handbags and trainers to household appliances and cars as the price of raw materials has risen, supply chains have been disrupted and company strategies redrafted. Drinks company Diageo, automakers General Motors and Ford are among those who have abandoned forecasts for the year ahead. Non-US companies including Honda, Campari and pharmaceutical companies Roche and Novartis have said they are considering moving operations or expanding their US presence to mitigate the impact of tariffs. As markets assessed the latest twist in the trade upheaval, European export-sensitive sectors, such as autos and luxury stocks, were among leading gainers on Thursday. The pan-continental STOXX 600 was up 0.4 percent, while France's CAC 40, which has a heavy weighting of luxury and bank stocks, rose 0.8 percent. Overall sentiment was also lifted by strong results late on Wednesday from AI bellwether Nvidia. Spot gold declined for a fourth straight day, while US Treasury yields rose. Bond yields move inversely with prices. But the gains in shares may be short-lived, analysts said, with those who relish risk making the most of them. ADVERTISEMENT 'I think we are in a period of higher volatility - we will get some more spikes on the way, I think. But volatility is the friend of the active investors,' Kevin Barker, global head of active equities, UBS Asset Management, told a media briefing. By Sarah Marsh, Samuel Indyk Learn more: Trump Tariffs Hit European Luxury, Shares Tank LVMH and Hermès stock fell about 3 percent and 4 percent respectively, in line with sector peers including Kering, Prada and Burberry, after the US president announced a 50 percent duty on imports from the European Union.
Yahoo
a day ago
- Business
- Yahoo
US ruling that Trump tariffs are unlawful stirs relief and uncertainty
By Samuel Indyk and Sarah Marsh (Reuters) -A U.S. trade court ruling that blocked most of President Donald Trump's tariffs and found he had overstepped his authority triggered some relief on financial markets on Thursday, while adding to the uncertainties weighing on the global economy. Among the United States' big trading partners, in the throes of negotiation with the Trump administration, Germany said it could not comment, as did the European Commission. "We ask for your understanding that we cannot comment on the legal proceedings in the U.S., as they are still ongoing," a spokesperson for Germany's economy ministry said. "We continue to hope that a mutually beneficial solution can be reached in the negotiations between the EU Commission and the U.S. government." Winners on financial markets included chip makers, banks, luxury stocks and auto industry, all hit hard by tariff-led disruptions. The U.S. dollar rallied 0.2% against the yen and 0.3% against the Swiss franc as currencies and assets that have benefited from the tariff-induced market turmoil fell. Wall Street stock index futures rose by more than 1.5% The trade court ruling on Wednesday dealt a blow to Trump's central policy of using tariffs to wring concessions from trading partners. His administration immediately said it will appeal and analysts said investors will remain cautious as the White House explores its legal avenues. Following a market revolt after Trump's major tariff announcement on April 2, the U.S. president paused most import duties for 90 days and said he would hammer out bilateral deals with trade partners. But apart from a pact with Britain this month, agreements remain elusive and the court's stay on the tariffs may dissuade countries like Japan from rushing into deals, analysts said. Another pause in Trump's stop-start trade policy could be helpful to opponents of his tariffs and to traders who relish volatility. "Assuming that an appeal does not succeed in the next few days, the main win is time to prepare, and also a cap on the breadth of tariffs – which can't exceed 15% for the time being," George Lagarias, chief economist at Forvis Mazars international advisers, said. TURMOIL Trump's trade war has shaken makers of everything from luxury handbags and trainers to household appliances and cars as the price of raw materials has risen, supply chains have been disrupted and company strategies redrafted. Drinks company Diageo, automakers General Motors and Ford are among those who have abandoned forecasts for the year ahead. Non-U.S. companies including Honda, Campari and pharmaceutical companies Roche and Novartis have said they are considering moving operations or expanding their U.S. presence to mitigate the impact of tariffs. As markets assessed the latest twist in the trade upheaval, European export-sensitive sectors, such as autos and luxury stocks, were among leading gainers on Thursday. The pan-continental STOXX 600 was up 0.4%, while France's CAC 40, which has a heavy weighting of luxury and bank stocks, rose 0.8%. Overall sentiment was also lifted by strong results late on Wednesday from AI bellwether Nvidia. Spot gold declined for a fourth straight day, while U.S. Treasury yields rose. Bond yields move inversely with prices. But the gains in shares may be short-lived, analysts said, with those who relish risk making the most of them. "I think we are in a period of higher volatility - we will get some more spikes on the way, I think. But volatility is the friend of the active investors," Kevin Barker, global head of active equities, UBS Asset Management, told a media briefing.
Business Times
a day ago
- Automotive
- Business Times
Europe: Stocks close lower as caution lingers on US trade policy progress
EUROPE'S main stock index closed lower amid broader declines on Wednesday as investors monitored progress in trade negotiations with the United States and assessed a slate of economic data from the region. The continent-wide Stoxx 600 index closed 0.61 per cent lower at 548.93 on the day, after two consecutive sessions of gains due to US President Donald Trump delaying tariffs on the European Union. Reports on Tuesday said EU policymakers had asked the region's leading companies to provide details of their US investment plans. German automakers including BMW, Mercedes-Benz and Volkswagen are in talks with Washington on a possible import tariff deal. The automobile sector was 0.7 per cent higher. Despite signs of a thaw in the trade tensions between the US and Europe, investors remained on edge as they struggled to keep up with the erratic nature of Trump's trade policies. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up 'Over the next weeks, the market will be in a relatively tight trading range because investors are waiting to see what Trump does,' said Nick Brooks, head of economic and investment research at ICG. Brooks added that it was too early to say anything definitive about automakers talking directly with the US as negotiations lie in the hands of the EU as a whole. Germany's main stock index retreated 0.8 per cent after hitting a record high earlier in the session, while the mid-caps index hit its highest since April 2022. Fresh data indicated that German import prices unexpectedly contracted by 0.4 per cent year-on-year in April and that unemployment in Europe's largest economy grew at a faster-than-expected pace in May. Uncertainty stirred up by US trade policy shifts and price pressures are leading to higher expectations that the European Central Bank will cut interest rates next week. In France, the CAC 40 index closed 0.5 per cent lower, reversing earlier gains after gross domestic product figures showed slight growth in the first quarter, as expected. The defence index extended gains by 0.7 per cent as investors continued to flock towards the military ammunition companies amid little hopes of a pause to the ongoing Russia-Ukraine tensions. Reuters reported that Russia's conditions for ending the war in Ukraine include a demand that Western leaders pledge in writing to stop enlarging Nato eastwards and lift a chunk of sanctions on Russia. Elekta shares topped the Stoxx 600 after beating estimates for fourth-quarter sales, up 5.9 per cent. Kingfisher fell 3.6 per cent as the home improvement retailer's first-quarter results failed to impress investors. Stellantis dipped 2.2 per cent. The Jeep-maker named insider Antonio Filosa as its top boss. Global markets were focused on quarterly results from AI chipmaker Nvidia, due after the close of trading on Wall Street. REUTERS
Yahoo
2 days ago
- Business
- Yahoo
European Dividend Stocks To Enhance Your Investment Portfolio
As European markets face volatility due to proposed tariffs from the U.S., major indices like Germany's DAX and France's CAC 40 have seen declines, highlighting the uncertainty in the region. In such an environment, dividend stocks can offer investors a measure of stability and income, making them an attractive option for those looking to enhance their portfolios with reliable returns amidst market fluctuations. Name Dividend Yield Dividend Rating Bredband2 i Skandinavien (OM:BRE2) 4.36% ★★★★★★ Julius Bär Gruppe (SWX:BAER) 4.80% ★★★★★★ Zurich Insurance Group (SWX:ZURN) 4.41% ★★★★★★ Allianz (XTRA:ALV) 4.37% ★★★★★★ Rubis (ENXTPA:RUI) 6.96% ★★★★★★ St. Galler Kantonalbank (SWX:SGKN) 3.87% ★★★★★★ ERG (BIT:ERG) 5.58% ★★★★★★ HEXPOL (OM:HPOL B) 4.70% ★★★★★★ OVB Holding (XTRA:O4B) 4.42% ★★★★★★ Banque Cantonale Vaudoise (SWX:BCVN) 4.51% ★★★★★★ Click here to see the full list of 235 stocks from our Top European Dividend Stocks screener. Here we highlight a subset of our preferred stocks from the screener. Simply Wall St Dividend Rating: ★★★★★☆ Overview: SpareBank 1 Ringerike Hadeland is a financial institution offering a range of banking products and services to both private and corporate customers in Norway, with a market cap of NOK6.16 billion. Operations: SpareBank 1 Ringerike Hadeland generates its revenue through a diverse array of banking products and services tailored for both individual and business clients in Norway. Dividend Yield: 7.6% SpareBank 1 Ringerike Hadeland offers a reliable dividend, with payments growing steadily over the past decade and currently covered by earnings at a payout ratio of 68.3%. Despite recent earnings growth of 44.9%, future earnings are expected to decline by an average of 4.7% annually over the next three years, though dividends remain forecasted to be covered at a 71.2% payout ratio. The current yield is attractive but below Norway's top-tier dividend payers. Dive into the specifics of SpareBank 1 Ringerike Hadeland here with our thorough dividend report. The valuation report we've compiled suggests that SpareBank 1 Ringerike Hadeland's current price could be quite moderate. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Björn Borg AB (publ) and its subsidiaries manufacture, distribute, and sell underwear, sportswear, footwear, bags, and eyewear under the Björn Borg brand with a market cap of SEK1.48 billion. Operations: Björn Borg AB generates revenue through the sale of underwear, sportswear, footwear, bags, and eyewear. Dividend Yield: 5.1% Björn Borg's dividend yield of 5.09% ranks in the top 25% of Swedish dividend payers, yet its sustainability is questionable due to a high cash payout ratio of 143.6%, indicating dividends are not well-covered by free cash flow. Although earnings have grown by 20.7% over the past year, dividends have been volatile and unreliable over the last decade. Recent AGM decisions affirmed a SEK 3 per share dividend for 2025, split into two payments. Take a closer look at Björn Borg's potential here in our dividend report. The valuation report we've compiled suggests that Björn Borg's current price could be inflated. Simply Wall St Dividend Rating: ★★★★★☆ Overview: FERRO S.A. manufactures and sells sanitary and plumbing fixtures in Poland and internationally, with a market cap of PLN764.74 million. Operations: FERRO S.A.'s revenue is primarily derived from Sanitary Fittings at PLN371.37 million, Installation Fittings at PLN263.05 million, and Heat Sources at PLN132.49 million. Dividend Yield: 8.8% FERRO S.A.'s dividend yield is among the top 25% in Poland, but its history of volatile payments raises concerns about reliability. Despite this, recent earnings growth of 21.2% and a payout ratio of 88% indicate dividends are covered by earnings. The cash payout ratio stands at a manageable 43.1%, suggesting dividends are well-supported by cash flows. Trading significantly below estimated fair value, FERRO's potential for dividend growth remains noteworthy amidst its unstable dividend track record. Click to explore a detailed breakdown of our findings in FERRO's dividend report. Our valuation report unveils the possibility FERRO's shares may be trading at a discount. Reveal the 235 hidden gems among our Top European Dividend Stocks screener with a single click here. Invested in any of these stocks? Simplify your portfolio management with Simply Wall St and stay ahead with our alerts for any critical updates on your stocks. Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include OB:RING OM:BORG and WSE:FRO. This article was originally published by Simply Wall St. Have feedback on this article? 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