Latest news with #EURO
Mid East Info
4 days ago
- Business
- Mid East Info
European Stocks Rebound After Trump's Tariff Volatility - Middle East Business News and Information
By Daniela Sabin Hathorn, senior market analyst at European stocks have endured a volatile 24 hours, triggered by another round of tariff drama from Donald Trump over the weekend. In classic fashion, Trump took the 20% tariff and raised it to 50% effective June 1, only to postpone the implementation to July 9 following a weekend call with European Commission President Ursula von der Leyen. In a statement on social media Donald Trump claimed that the European Union had been formed for the primary purpose of taking advantage of the United States, adding that it had been very difficult to deal with. The initial announcement of 50% tariffs from June 1 sent European stocks tumbling, with the Euro Stoxx 600 shedding 2% in just 30 minutes. However, the bearish momentum didn't last long as markets seem to be used to dealing with Trump's back and forth on tariffs. The index had recovered most of the ground by the close on Friday and the full extent of the damage was undone by Monday morning after Sunday's news of the delay following Trump's chat with the European Commission's Ursula von der Leyen. EURO STOXX 600 5-minute chart: Past performance is not a reliable indicator of future results. This whipsaw reaction highlights a growing market sentiment: investors no longer see Trump's tariff threats as credible policy moves, but rather as bargaining tactics. As a result, the market impact has become more muted—and less durable. Still, the return to aggressive rhetoric may have injected a degree of caution into markets that had grown increasingly optimistic about the stability of international trade negotiations. On Tuesday, bullish momentum has returned. The Euro Stoxx 600 has broken above last week's highs, surpassing 550 and suggesting that the monthly peak of 554.90 could be within reach. However, caution is warranted. The RSI (Relative Strength Index) had been edging into overbought territory last week. While the brief pullback helped ease some of that pressure, it wasn't enough to fully reset momentum, meaning upside potential may be limited if overbought conditions persist. EU STOXX 600 daily chart: Past performance is not a reliable indicator of future results. With a light economic calendar in the Eurozone this week, investor attention will likely stay fixed on trade developments. For now, the path of least resistance for European equities appears to be higher—as long as optimism outweighs uncertainty.
Business Standard
4 days ago
- Business
- Business Standard
Inox India secures approval of Heineken and ABinBev for manufacturing beverage kegs
Inox India announced that it has received approvals from two of the world's largest brewery brands Heineken and ABinBev - for its stainless-steel beverage kegs manufacturing at its Savli Plant in Gujarat. This milestone, coming a few Quarters after the Company's entry into the keg manufacturing space, in September 2023, marks a significant endorsement of INOXCVA's capabilities in quality, scale, and global compliance, as well as its unmatched expertise of more than 3 decades of handling stainless steel and welding know-how. INOXCVA's success in securing these approvals is a testament to a newly established plant with significant built-in capacity, and adherence to globally recognized quality standards, including ISO 9001, ISO 14001 and FSSC 22000. The audit processes were rigorous, requiring several weeks of preparation and entailing detailed on-ground evaluations across manufacturing protocols, cleanliness, staff expertise, traceability, QA systems, and testing infrastructure. The approvals have now paved the way for commercial engagements with these global beverage leaders. Further to these approvals, INOXCVA aims to emerge as a preferred supplier based on its competitive pricing & proximity to key markets, duly complemented by a strong intent towards building long-term relationships. Commenting on the achievement, Deepak Acharya, CEO INOX India Ltd, said, These approvals from two of the world's leading breweries mark a defining moment in our journey into the beverage keg space. It validates our belief in our manufacturing prowess and reinforces our position as a credible, high-quality, and future-ready partner for the global beverage industry. We are confident that this milestone will pave the way for deeper collaborations and wider global market access in the years ahead. Investments have also been made in tooling and customization capabilities such as embossing and engraving to meet the branding requirements of global customers. With such wherewithal, we aim to strengthen our capabilities and take them notches above, while ensuring that specific customer needs across the globe are addressed. We are confident of receiving approvals from more brewing majors in the due course of time INOXCVA offers a wide range of stainless-steel beverage kegs in EURO, DIN, SLIM, and USA standard (BBL) formats, from 10L to 60L, suitable for beer, wine, cider, juice, kombucha, coffee, and more. Options include stackable/non-stackable designs, various spears and necks, enhanced ring thickness, and 100% leak testing. The sustainable PSP Kegs (15L20L), made with recycled stainless steel and polypropylene, are lightweight, stackable, and customizable. Cornelius (Corny) Kegs, ideal for homebrewing, come in 2.55-gallon variants with hygiene certification and design flexibility. Logo embossing, silk-printing, and RFID tagging are also available.
Yahoo
20-05-2025
- Sport
- Yahoo
Real Madrid Expects Two Key Players Ready For FIFA Club World Cup
Real Madrid will start to focus on the FIFA Club World Cup, which starts on June 15 and ends on July 13. Los Blancos want to win this competition, and reports in Spain suggest that they will have two key players back in time for the tournament. Those two players are Eder Militao and Dani Carvajal. Relevo reports that Militao and Carvajal are expected to play in the FIFA Club World Cup, as they are currently close to returning to full fitness. Advertisement Militao and Carvajal suffered ACL injuries earlier this season, keeping them out for the rest of it. Carvajal was a crucial loss for Real Madrid after playing a key role in the team's success for the 2023-24 season. He went on to win the 2024 EURO with Spain last summer. He suffered an external collateral ligament injury and tore the popliteal tendon in his right leg on October 5, 2024, when Real Madrid defeated Villarreal 2-0 at the Santiago Bernabeu. This resulted in him playing a total of 11 matches for Real Madrid this season. Militao would suffer a similar injury a month later. On November 9, 2024, he had to be taken off in the 30th minute of Real Madrid's 4-0 win over Osasuna at home. The Brazilian centerback played 17 games across all competitions with Los Blancos this season. Other Key Returns for Real Madrid With under four weeks left till the Club World Cup, Real Madrid could also expect the return of another pair of defenders. Relevo reports that David Alaba and Antonio Rudiger will return for the summer tournament. Advertisement Rudiger suffered a meniscus injury and had surgery on his knee a couple of weeks ago. His last game played was in the 3-2 loss against FC Barcelona in the Copa del Rey final. Alaba suffered a rupture of the internal meniscus, which ruled him out of the rest of the La Liga season in late April as well. He last played for Real Madrid on April 23, in a 1-0 win against Getafe. Real Madrid won't count on Ferland Mendy for the FIFA Club World Cup. Dani Carvajal Hints at Retirement Dani Carvajal is a Real Madrid legend, but his time at the club could soon be over. His time in soccer could be over as a whole because a new statement from the Spanish right-back reveals his thoughts on his future. Advertisement Dani Carvajal: "It's been a long journey. My sports career is already nearing its end. I hope not, but I have to be realistic.' Dani Carvajal at Real Madrid Six Champions Leagues Five FIFA Club World Cups Four La Liga Titles Five UEFA Super Cups One FIFA Intercontinental Cup Two Copa Del Rey Four Spanish Super Cups Currently 33 years old, Carvajal will look to win the newly formatted FIFA Club World Cup this summer with Real Madrid to add another silverware to his successful career at the club. The Spanish player has won almost everything with Real Madrid, and a win in this tournament could potentially be a factor in Carvajal's decision to retire sooner rather than later. Related: Lionel Messi Highly Praises Cristiano Ronaldo As He Talks on Rivalry Related: Lionel Messi Set to Face Lamine Yamal in Anticipated Match
Business Standard
19-05-2025
- Business
- Business Standard
Euro above 1.1200 against US dollar following robust performance on external front
Euro stayed supported against the US dollar today following a robust performance on the external front. Latest data showed that Euro area trade surplus grew strongly in March as exports to the US increased sharply. The trade balance showed a surplus of EUR 36.8 billion compared to a EUR 22.8 billion surplus in the same period last year, Eurostat reported Friday. Exports of goods recorded a double-digit annual growth of 13.6%. At the same time, imports climbed 8.8%. Data showed that exports to the United States surged 59.5% in March, while imports from the country grew only 9.4%. Consequently, the trade surplus with the US increased sharply to EUR 40.7 billion from EUR 16.7 billion last year. The euro area trade surplus rose to a seasonally adjusted EUR 27.9 billion, which was the highest level since January 2002. The surplus was EUR 22.7 billion in February. Exports increased 2.9% from February and imports grew 1% in March. Meanwhile, the US economic cues were lax. Consumer sentiment in the U.S. has unexpectedly continued to deteriorate in the month of May, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index dipped to 50.8 in May after slumping to 52.2 in April. EURO/USD pair moved up a bit from lows around 1.1150 on Friday and is back above 1.1200 today. It currently trades up 0.39% at 1.1216. On the NSE, EUR/INR futures are trading at 95.90, down 0.08% on the day. Overall movement is choppy as markets are eying gains in the single currency in global markets.
Yahoo
15-05-2025
- Sport
- Yahoo
Lamine Yamal Equals Soccer Icon As He Leads FC Barcelona To Title Win
At just 17 years old, Lamine Yamal has already matched Cristiano Ronaldo's La Liga title haul. The teenage sensation led Barcelona to their 28th league title Sunday, scoring and assisting in a 2-0 win over rivals Espanyol that capped a historic domestic treble. Yamal scored and assisted in the match against Espanyol and has become a favorite to win the Ballon d'Or ahead of the final games left of the season. This is his second La Liga title with FC Barcelona. Cristiano Ronaldo's two La Liga titles show the level of FC Barcelona during that decade. He lost out on the league title six times to FC Barcelona and once to Atletico Madrid. Advertisement Yamal has already had a spectacular career so far at only 17 years old. This new league title is among other important trophies. He becomes the first ever player to win two La Liga titles before turning 18. Trophies Lamine Yamal Has Won So Far La Liga 2022/23 EURO 2024 Spanish Super Cup 2024/25 Copa Del Rey 2024/25 La Liga 2024/25 Best Young Player EURO 2024 Kopa Trophy 2024 FC Barcelona's Trophy Records This is the club's 28th league title in Spain, but this season, the club has achieved more than just that. Barcelona won the Copa del Rey and the Spanish Super Cup. They won a domestic treble, but more importantly, the club's 9th 'Domestic Double'. Post-Match Reactions Hansi Flick became the first German coach to win La Liga with FC Barcelona. After the final whistle, Flick showed humility after asking his players to celebrate the title win inside. Advertisement The German manager spoke after the game and mentioned the respect he wanted towards the opponents after what happened in 2023, when Barcelona won the league at Espanyol. Hansi Flick: "Espanyol defended very well, and offensively speaking, they attacked us in a very dangerous way. I know what the situation was like two years ago. We wanted to leave the pitch and celebrate inside." Lionel Messi, FC Barcelona legend, congratulated the team and the club for winning their 28th league title on his Instagram. Real Madrid, the arch rivals of FC Barcelona, showed respect towards the new Spanish champions and congratulated the club on X. Ballon d'Or Race After this performance, Lamine Yamal and Raphinha have become the frontrunners to win the Ballon d'Or this year once again. Raphinha's numbers cannot be ignored, with 34 goals and 25 assists across 55 matches this season. Advertisement Yamal improved his numbers after these past few weeks. After 53 games for Barca this season, he scored 17 goals and provided 25 assists. A player who can compete against Yamal and Raphinha is PSG's Ousmane Dembele. Dembele will have the chance to put himself as the sole favorite for the Ballon d'Or if PSG wins the Coupe de France against Stade Reims and the Champions League against Inter Milan in the next two weeks. Related: Wild Scenes Outside Stadium during Crucial Espanyol vs Barcelona Game
