Latest news with #DAX40
Business Recorder
19 hours ago
- Business
- Business Recorder
European shares end May higher as trade uncertainty persists
FRANKFURT: European shares closed higher on Friday, rounding off the month with gains in a still uncertain trade environment as investors assessed the latest developments in US President Donald Trump's tariff plan. The continent-wide STOXX 600 index ended 0.1%higher, brushing off a temporary reinstatement of the most sweeping Trump's tariffs on Thursday, a day after another court ordered an immediate block on them. However, the benchmark index pared most gains after Trump said on Friday that China had violated an agreement on tariffs and issued a new threat to get tougher with Beijing, without revealing details. 'It is a whole different situation that we are going to be in... it's longer and slower and more complicated,' said Jochen Stanzl, chief market analyst at CMC Markets, pointing to the developments on the tariff front. The index still posted its first monthly advance in three, rising about 4%, while also ending the week higher, as investors capitalised on Trump's decision to postpone tariffs on the EU, opening the door for Brussels to produce a trade deal with Washington and recent US fiscal concerns that sent investors flocking to assets outside the US On the day, most sectors were higher, with utilities and healthcare shares up 0.8% each Construction and materials stocks were at the bottom, down 1%. 'This is very much driven by momentum and some fear of missing out... investors over the past few months have been trained to buy the dip to some extent,' said Stanzl. Europe's aerospace and defence index was the top winning sector for the month, up about 14%, as dimming hopes of a truce between Russia and Ukraine persuaded investors to buy ammunition stocks. Germany's DAX 40 ended 0.3% higher. Data showed German inflation eased further in May, bringing it closer to the European Central Bank's 2% target and bolstering the case for an interest rate cut next week. Another dataset showed German retail sales fell by 1.1% in April compared with the previous month. M&G gained 5.5% after it said Japanese life insurer Dai-Ichi Life Holdings will take a 15% stake in the British insurer and asset manager as part of a strategic deal.
Business Recorder
3 days ago
- Automotive
- Business Recorder
European shares rise as US court ruling on Trump tariffs boosts sentiment
European shares climbed on Thursday as a U.S. trade court's decision to block President Donald Trump's proposed tariffs sparked a risk-on sentiment across global markets. The continent-wide STOXX 600 index (.STOXX), opens new tab was up 0.4%, as of 0715 GMT, with regional indexes also trading in the green. Germany's DAX 40 rose 0.5% to hover near a record high. The Court of International Trade ruled that Trump overstepped his authority by imposing the April 2 across-the-board duties on imports from U.S. trade partners. On Wall Street, stock index futures rose by more than 1.5% as the court's decision provided some relief from persistent trade uncertainties. Overall sentiment was also lifted by AI bellwether Nvidia, which surpassed quarterly sales expectations in after-hours trading on Wednesday. European stocks recover after Trump delays EU tariffs European AI-exposed stocks such as ASML and Schneider Electric each gained about 3%, while the region's technology index led sector gains with a 1.7% rise. European carmakers, sensitive to tariff-centric pressures, rose in early trading. Shares in Stellantis gained 2.5%, Porsche up 1% and Volkswagen added 1.2%. Investors also favoured luxury stocks, with Kering, Christian Dior and Burberry rising between 3% and 3.6%.
Time of India
3 days ago
- Automotive
- Time of India
European shares rise as US court ruling on Trump tariffs boosts sentiment
European shares climbed on Thursday as a U.S. trade court's decision to block President Donald Trump 's proposed tariffs sparked a risk-on sentiment across global markets. The continent-wide STOXX 600 index was up 0.4%, as of 0715 GMT, with regional indexes also trading in the green. Germany's DAX 40 rose 0.5% to hover near a record high. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trekking pants for mountain sports and adventure travel Trek Kit India Shop Now Undo The Court of International Trade ruled that Trump overstepped his authority by imposing the April 2 across-the-board duties on imports from U.S. trade partners. On Wall Street, stock index futures rose by more than 1.5% as the court's decision provided some relief from persistent trade uncertainties. Overall sentiment was also lifted by AI bellwether Nvidia , which surpassed quarterly sales expectations in after-hours trading on Wednesday. Live Events European AI-exposed stocks such as ASML and Schneider Electric each gained about 3%, while the region's technology index led sector gains with a 1.7% rise. European carmakers, sensitive to tariff-centric pressures, rose in early trading. Shares in Stellantis gained 2.5%, Porsche up 1% and Volkswagen added 1.2%. Investors also favoured luxury stocks, with Kering , Christian Dior and Burberry rising between 3% and 3.6%.
Business Times
4 days ago
- Business
- Business Times
Europe: Shares gain on defence boost, tariff delay aids sentiment
EUROPEAN shares closed higher on Tuesday with defence stocks boosting the market after US President Donald Trump threatened additional sanctions on Russia, while optimism lingered from the delay of US tariffs on the European Union. The Stoxx 600 index closed 0.33 per cent higher at 552.32, building on Monday's 1 per cent rise after Trump gave the EU a reprieve on his threatened 50 per cent tariffs. EU policymakers have asked the bloc's leading companies and CEOs for US investment plans to prepare for trade talks with Washington, according to two sources. The bloc set up trade meetings with the United States, a step Trump said was positive. The latest flip-flop on EU tariffs highlights the unpredictability of Trump's trade policies, that have been shaking investor confidence and raising concerns over the fiscal health of the US economy. The uncertainty has been pushing investors away from US assets to find other safe havens internationally. 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 Europe's defence index jumped 1.7 per cent to a record high, after Trump said he would recommend additional sanctions on Moscow, amid escalating tensions between Russia and Ukraine. 'There is recognition of the fact that Trump is less close to Putin than he had been and that there is more likely to be a prolonged conflict in Ukraine rather than the quick end' said Nick Saunders, CEO of Webull UK. 'Defence is definitely a sector that is in fashion at the moment.' Technology shares rose 1.1 per cent, while industrials added 0.9 per cent. 'People are actually looking for value at the moment and trying to pick the most profitable stocks rather than assuming that the rising tide is going to float all boats,' said Saunders. In Germany, the DAX 40 ended 0.8 per cent higher, closing at an all-time high, after a survey indicated consumer sentiment is set to improve slightly heading into June. However, the German Chamber of Commerce and Industry (DIHK) forecast a contraction in the economy this year. Euro zone government bond yields dipped on the day. Britain's FTSE 100 share index ended 0.7 per cent higher as investors returned following a holiday on Monday. French benchmark index CAC 40 was flat after preliminary data showed inflation fell to its lowest level since December 2020 in May, with the government hinting at proposals to get public finances under control in early July. FLSmidth rose 3.4 per cent after Goldman Sachs raised the mining and cement technology supplier's rating to 'buy' from 'neutral' on expectations of higher margins. REUTERS
Business Recorder
4 days ago
- Business
- Business Recorder
European shares gain on defence boost, tariff delay aids sentiment
European shares closed higher on Tuesday with defence stocks boosting the market after U.S. President Donald Trump threatened additional sanctions on Russia, while optimism lingered from the delay of U.S. tariffs on the European Union. The STOXX 600 index closed 0.3% higher, building on Monday's 1% rise after Trump gave the EU a reprieve on his threatened 50% tariffs. EU policymakers have asked the bloc's leading companies and CEOs for U.S. investment plans to prepare for trade talks with Washington, according to two sources. The bloc set up trade meetings with the United States, a step Trump said was positive. The latest flip-flop on EU tariffs highlights the unpredictability of Trump's trade policies, that have been shaking investor confidence and raising concerns over the fiscal health of the U.S. economy. The uncertainty has been pushing investors away from U.S. assets to find other safe havens internationally. Europe's defence index jumped 1.7% to a record high, after Trump said he would recommend additional sanctions on Moscow, amid escalating tensions between Russia and Ukraine. European stocks recover after Trump delays EU tariffs 'There is recognition of the fact that Trump is less close to Putin than he had been and that there is more likely to be a prolonged conflict in Ukraine rather than the quick end' said Nick Saunders, CEO of Webull UK. 'Defence is definitely a sector that is in fashion at the moment.' Technology shares rose 1.1%, while industrials added 0.9%. 'People are actually looking for value at the moment and trying to pick the most profitable stocks rather than assuming that the rising tide is going to float all boats,' said Saunders. In Germany, the DAX 40 ended 0.8% higher, closing at an all-time high, after a survey indicated consumer sentiment is set to improve slightly heading into June. However, the German Chamber of Commerce and Industry (DIHK) forecast a contraction in the economy this year. Euro zone government bond yields dipped on the day. Britain's FTSE 100 share index ended 0.7% higher as investors returned following a holiday on Monday. French benchmark index CAC 40 was flat after preliminary data showed inflation fell to its lowest level since December 2020 in May, with the government hinting at proposals to get public finances under control in early July. FLSmidth rose 3.4% after Goldman Sachs raised the mining and cement technology supplier's rating to 'buy' from 'neutral' on expectations of higher margins.
