Latest news with #EuropeanStoxx600
Jordan News
27-05-2025
- Automotive
- Jordan News
European Stocks Rise After U.S. Tariff Delay - Jordan News
European Stocks Rise After U.S. Tariff Delay European stocks rose on Monday, moving to recover losses from the previous session, thanks to relief after U.S. President Donald Trump delayed the imposition of 50% tariffs on the European Union. اضافة اعلان According to Bloomberg News, the European Stoxx 600 index climbed 1% as of 07:10 GMT. The automotive and auto parts index, which is sensitive to tariff-related pressures, rose by 1.4%. Shares of Mercedes gained 2.1%, BMW rose 2%, and Volkswagen climbed 1.9%. Luxury goods companies, which are heavily exposed to the U.S. market, also saw gains. Shares of Kering and Richemont rose between 1.5% and 2.4%. Bank stocks, which are sensitive to economic conditions, increased by 1.5%, while the technology sector led gains with a 1.9% rise. The index had fallen by 0.9% on Friday after Trump unexpectedly recommended imposing high tariffs on goods imported from the European Union. He stated that negotiations with the 'bloc (European Union) are not progressing fast enough.'
CNBC
19-05-2025
- Business
- CNBC
JPMorgan upgrades emerging markets. How to play the improved outlook
Emerging market stocks couldn't catch a break the past four years. Now their fortunes may be turning. JPMorgan upgraded emerging markets to overweight from neutral on Monday. Strategist Mislav Matejka cited several reasons for the change, including easing trade tensions and attractive valuations. "De-escalation on U.S.-China trade front reduces one significant headwind for EM equities," Matejka wrote. "Big picture, the [year-to-date] increase in tariffs is still extremely large in a long term context. … We remain concerned about the impact of tariffs on medium term growth in U.S. and elsewhere; however, last week's news is clearly positive, especially for China." China and the U.S. agreed last week to temporarily lower tariffs as part of an attempt to negotiate a broader trade agreement. The news sent the iShares MSCI Emerging Markets ETF (EEM) higher by 3% last week — its fifth weekly advance in six. The strategist also noted that emerging markets are trading at 12 times forward earnings "and at a bigger than typical discount to" developed markets. The EEM exchange-trade fund is up 10.6% so far in 2025, outperforming the S & P 500's meager 1.3% advance. That's also better than the European Stoxx 600's 7.6% gain. EEM's 2025 advance puts it on pace for its best year since 2020, when it rose 15.2%. This performance also marks a stark contrast from the previous four years, when the EEM lagged both the U.S. and Europe. Check out how the fund — along with the S & P 500 and Stoxx 600 — did between 2021 and 2024: Declines during that time for emerging markets were led in part by China, as the country's economy struggled to recover following strict Covid-related lockdowns. EEM also suffered after President Donald Trump last month announced steep tariffs on dozens of countries. The fund has since recovered, however. Matejka highlighted India and Brazil as potentially notable EM winners. The iShares MSCI India ETF (INDA) is up nearly 4% year to date. EWZ , its Brazilian counterpart, has soared 24%.
CNBC
13-05-2025
- Business
- CNBC
German reinsurers took a $1.9 billion profit hit from LA wildfires in first quarter
Germany's biggest reinsurers took a $1.9 billion profit hit in the first quarter from claims related to the recent Los Angeles wildfires. Munich Re, the world's largest reinsurance company, said Tuesday that it anticipated all claims attributable to the wildfires will total around 1.1 billion euros. Meanwhile, Hannover Re, the world's third largest reinsurer, said its largest net individual loss amounted to 631.4 million euros on the back of the wildfires. Combined, the two companies' wildfire costs amounted to around 1.73 billion euros, or $1.9 billion. Reinsurance firms offer policies to primary insurance providers, who typically deal directly with customers on the ground. Reinsurance policies usually only kick in after about 400 million euros ($444.4 million) worth of losses are absorbed by the primary insurance provider. Around 80% of Munich Re's claims arose in the company's property-casualty segment, while around 20% hit the firm's Global Specialty Insurance division. In both divisions of the business, the LA wildfires were the largest single claims event in the three months to March. The influx of wildfire claims saw overall claims expenditure in Munich Re's property-casualty segment more than double, pulling quarterly net profit in the division 72% lower year-on-year to 343 million euros. In the company's Global Specialty Insurance division, net profit nosedived 95% to 8 million euros. Despite the hit, the group reported an overall net profit of 1.1 billion euros, down 48% from the previous year. CFO Christoph Jurecka acknowledged that Munich Re "did not emerge unscathed from the devastating wildfires in Los Angeles," but argued that the group's earnings demonstrated resilience and "prudent management" of the firm's business portfolio. "We're sticking with our profit guidance of €6bn for the 2025 financial year – thanks in no small part to ongoing favourable market conditions and the high quality of our portfolio," he said in a statement alongside the company's first-quarter report. Frankfurt-listed shares of Munich Re and Hannover Re's stock were both trading around 4% lower Tuesday afternoon, making them the worst performing companies on the European Stoxx 600 index. Hannover Re also posted a drop in net profit for the quarter, with the metric falling 14% to 480.5 million years compared to the previous year. "Payments for large losses reached EUR 764.7 million in the first quarter — driven above all by the California wildfires — and thus came in significantly higher than the envisaged large loss budget of EUR 435 million," Hannover said in its quarterly statement. In a Tuesday morning note, analysts at RBC Europe said their sentiment on Munich Re was negative, although they noted that the company's total losses arising from the wildfires was "lower than the €1.2bn previously indicated due to currency effects and a positive effect from retrocession." Giving the company's target price of 559 euros — little changed from current prices — RBC's analysts said Munich Re had posted mixed first quarter results, with its net income coming in 2% below market consensus. Analysts at J.P. Morgan, meanwhile, said they had a neutral stance on Munich Re, with a price target of 530 euros. "Despite the small miss to expectations, we only see limited potential for downgrades given the limited scale of the miss to consensus," they said. On Hannover Re, Deutsche Bank analysts said the company's strong investment performance had helped it notch a quarterly net income that was 7% above consensus. The lender has a buy rating on Hannover Re stock, with a price target of 279 euros — a premium of around 4% on current prices.
Saba Yemen
14-04-2025
- Business
- Saba Yemen
European stock indices end higher
Brussels - Saba: Major European stock indices ended higher on Monday. The European Stoxx 600 index closed up 2.7 percent, with more than 96 percent of the stocks listed on the index advancing. All major indices in the region rose, with Germany's DAX up 2.9 percent, and indices in France, Spain and Britain gaining more than two percent. The financial sector was among the biggest supporters, with the banking sub-index jumping 3.9 percent, with Germany's Deutsche Bank, Britain's Standard Chartered and Italy's Monte dei Paschi di Siena leading the gains. Shares of chipmakers including Infineon, ASML and BE Semiconductor rose 2.2 percent to 3.4 percent. Facebook Whatsapp Telegram Email Print
