Latest news with #IBEX35
Yahoo
3 days ago
- Business
- Yahoo
European markets mixed as investors digest ECB interest rate decision
As of 16:12 CEST, Germany's Dax fell 0.19%, France's CAC 40 declined 0.46%, the STOXX 600 dropped 0.28%, while Spain's IBEX 35 rose 0.23% after the European Central Bank (ECB) once again cut interest rates. The ECB, as widely expected by the markets, opted to cut its key deposit rate by 25 basis points to 2%, its lowest level in more than two years. Meanwhile, the interest rates on its main refinancing operations and the marginal lending facility will also be lowered to 2.15% and 2.40% respectively, taking effect from 11 June 2025. The latest decision comes as inflation in the euro area cooled more than expected in May. Annual consumer price growth slowed to 1.9% in May, down from 2.2% in April, according to a flash estimate from Eurostat this week. The figure came in below economists' forecast of 2%, and marks the first time inflation has dipped below the ECB's 2% target since September 2024. The decline in headline inflation suggests that business uncertainty, partly driven by renewed global trade tensions and soft consumer demand, is weighing on pricing power across sectors. Core inflation, which strips out volatile food and energy prices, also showed signs of easing. It slowed to 2.4% in May, from 2.7% in April, falling below expectations of 2.5%. On a monthly basis, core prices rose by just 0.1%. Related Eurozone inflation falls below ECB 2% target in May: Rate cut in sight Meanwhile, Asian shares were mixed on Thursday, as Wall Street's big recent rally lost some momentum following a pair of potentially discouraging reports on the American economy. Japan's benchmark Nikkei 225 shed 0.2% to 37,658.46, while Australia's S&P/ASX 200 declined nearly 0.1% to 8,535.10. In South Korea, the Kospi jumped 2.1% to 2,829.48 after the country's new president and leading liberal politician Lee Jae-myung began his term, vowing to restart talks with North Korea and beef up a trilateral partnership with the US and Japan. Hong Kong's Hang Seng gained 0.9% to 23,856.54, while the Shanghai Composite was little changed, inching down less than 0.1% to 3,374.30. In the US, the S&P 500 was 0.3% lower in US morning trading, while the Dow Jones Industrial Average was down 162 points, or 0.4%. The tech-heavy Nasdaq composite was also lower, down 0.2%. In other dealings, benchmark US crude fell 8 cents to $62.77 a barrel. Brent crude, the international standard, edged up 1 cent to $64.87 a barrel. The US dollar rose to 142.87 Japanese yen from 142.78 yen. The euro cost $1.1413, little changed from $1.1418. Sign in to access your portfolio
Yahoo
28-05-2025
- Business
- Yahoo
Acronis Appoints Eduardo García Sancho as Iberia Country Manager
Acronis, Inc. New leadership to strengthen regional presence in Southern Europe Acronis Appoints Eduardo García Sancho as Iberia Country Manager New leadership to strengthen regional presence in Southern Europe MADRID, May 28, 2025 (GLOBE NEWSWIRE) -- Acronis, a global leader in cybersecurity and data protection, is pleased to announce the appointment of Eduardo García Sancho as Iberia Country Manager. In this role, García Sancho will lead the regional team in driving business growth, strengthening partner and customer relationships, and expanding Acronis' presence across the Iberian market. 'I'm excited to join Acronis and contribute to a company that leads with innovation and a true partner-first approach,' said García Sancho. 'I look forward to engaging proactively with our regional ecosystem of partners and MSPs to strengthen relationships, drive innovation, and ensure organizations are more secure, resilient, and prepared for the future.' García Sancho brings over 25 years of experience in IT and cybersecurity, with a strong track record in sales development, business expansion, and strategic leadership. He has held senior roles at a number of leading companies, including Veracode, Syneto, Thycotic, Kemp Technologies, HPE, SMC Networks, and GTI. Over the course of his career, he has developed deep expertise across Channel, SMB, and Enterprise segments, including IBEX35 organizations. 'Eduardo's appointment marks a significant step forward in our commitment to the Iberian market, and we're thrilled to welcome him to the team,' said Denis Cassinerio, Senior Director and General Manager of South EMEA at Acronis. 'We're confident that his leadership, deep expertise in cybersecurity, and strong understanding of both the channel and enterprise landscape will play a key role in elevating our operations and delivering even greater value to our customers and partners across Iberia.' For more information on Acronis natively integrated cyber protection solutions, please visit the website: About Acronis Acronis is a global cyber protection company that provides natively integrated cybersecurity, data protection, and endpoint management for managed service providers (MSPs), small and medium businesses (SMBs), and enterprise IT departments. Acronis solutions are highly efficient and designed to identify, prevent, detect, respond, remediate, and recover from modern cyberthreats with minimal downtime, ensuring data integrity and business continuity. Acronis offers the most comprehensive security solution on the market for MSPs with its unique ability to meet the needs of diverse and distributed IT environments.
Yahoo
14-05-2025
- Business
- Yahoo
Jim Cramer on Banco Santander (SAN) – 'A Longtime Cramer Fave – Ana Botín's Built a European Powerhouse'
We recently published a list of . In this article, we are going to take a look at where Banco Santander, S.A. (NYSE:SAN) stands against other stocks on Jim Cramer's radar recently. On Monday's episode of Mad Money, Jim Cramer broke down the day's market rally and argued in favor of staying invested, even in times of uncertainty. He pointed out that earnings are once again playing a significant role in driving market behavior. 'Earnings matter again, okay? That's what happened last night when the United States and China reached an agreement, however temporary, to hold off trade armageddon. The rollback of the exorbitant tariffs to much more reasonable levels caused the stock market to explode.' READ ALSO: 10 Jim Cramer Stocks with Huge Upside Potential and Jim Cramer's Thoughts on These 13 Stocks. He highlighted that the rally was not limited to companies directly tied to U.S.-China trade. He called it 'a spectacular day for the bulls.' Still, Cramer was quick to ground the excitement. He pointed out that despite the dramatic gains, the S&P 500 remains essentially flat for the year. While he welcomed the reversal, he said: 'Now don't get me wrong, I'm glad it happened, but I just spent a week in Europe, and it is stunning how much better the markets are doing over there.' He expressed hope that the rebound in U.S. stocks continues but warned investors not to ignore other global opportunities. 'If we find ourselves in trouble again, something that's still a real possibility, please don't forget that Europe's also an option,' he said. He acknowledged that European markets have been the best-performing so far this year. 'Bottom line: It's better to stay in, stay on, and let her ride than to try to pick the perfect moment to trade in and out and in and out of the stock market. By the way, that's not much of a strategy. It's more of a game of chicken where there are no winners, just losers who think they are smarter than the average bear.' For this article, we compiled a list of 13 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on May 12. We listed the stocks in ascending order of their hedge fund sentiment as of the fourth quarter of 2024, which was taken from Insider Monkey's database of over 1,000 hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Number of Hedge Fund Holders: 17 Banco Santander, S.A. (NYSE:SAN) was mentioned during the episode, and here's what Mad Money's host had to say: 'Long time Cramer fave, Banco Santander, which is the second-best performing in the index (IBEX 35), up almost 52% for the year. Hey, by the way, Santander's American Deposit Receipts, SAN for you home gamers, are up almost 50% since we last spoke to Executive Chair Ana Botín back in October. Due to an embrace of technology and a knowledge of the consumer worldwide, Botín has built a powerhouse that's the envy of Europe. They just did a really smart transaction in Poland last week… Many reasons I'm partial to Santander, symbol, SAN.' Banco Santander (NYSE:SAN) provides a wide range of financial services, including banking, lending, mortgages, asset management, insurance, and digital payments. The company also offers corporate and investment banking, and its offerings include online financial products. Overall, SAN ranks 13th on our list of stocks on Jim Cramer's radar recently. While we acknowledge the potential of SAN as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than SAN but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Euronews
05-04-2025
- Business
- Euronews
European and US markets continue to drop after Trump's global tariffs
ADVERTISEMENT Stock markets worldwide are careening even lower Friday after China matched US President Donald Trump's big raise in tariffs in an escalating trade war. China's response to US tariffs caused an immediate acceleration of losses in markets worldwide. The Commerce Ministry in Beijing said it would respond to the 34% tariffs imposed by the US on imports from China with its own 34% tariff on imports of all US products beginning April 10. The United States and China are the world's two largest economies. The intensified trade conflict between the US and China accelerated a slide in the German DAX index on Friday afternoon. With a drop of more than 1,000 points, or a good 5%, to a daily low of 20,590 points, the leading German index extended its weekly decline to around 8%, according to reports of German news agency dpa. US President Donald Trump appears on a television screen at the stock market in Frankfurt, Germany, Wednesday, April 2, 2025 Michael Probst/Copyright 2025 The AP. All rights reserved Tim Oechsner, a capital markets expert at Steubing AG, said this was emblematic of the current "high volatility". European stocks saw some of the day's biggest losses, with indexes sinking roughly 5%. The price of crude oil tumbled to its lowest level since 2021. The largest Spanish stock market, IBEX35 (IBerian-indEX) also saw a fall of roughly 5% on Friday. In the middle stretch of trading, the IBEX35 took a nosedive, bringing it down to 12,500 points, as it was also dealt a crucial blow by the US-China led tariff war. The Spanish selective index was the one that managed to weather the impact of the tariffs, which were announced on Wednesday night, in the best possible way, registering a fall of 1.2%, relatively minor in comparison with European counterparts which averaged 3%. France similarly took a hit, with its largest market, the CAC 40 dropping about 4.3%, in what were the biggest weekly losses for European shares in years. Screens display stock information at the Madrid Stock Exchange, Spain, Wednesday, April 2, 2025 Bernat Armangue/Copyright 2025 The AP. All rights reserved Leading the charge for European response, French President Emmanuel Macron urged all French companies to pause planned investments in the US. Acting German Economy Minister, Robert Habeck, echoed the same sentiment, adding that Trump would 'buckle under pressure' if Europe united together in its response. France's Finance Minister Eric Lombard however cautioned against tit-for-tat countermeasures on Washington's tariffs, warning that this would also rebound on European consumers. The European Union's trade commissioner Maros Sefcovic said he held a two-hour call with US Secretary of Commerce Howard Lutnick and US Trade Representative Jamieson Greer. 'I was clear: US tariffs are damaging, unjustified,' said Sefcovic in a post on social media platform, X. 'The Eu's committed to meaningful negotiations but also prepared to defend our interests.' The weight of Trump's aggressive tariff policy, only exacerbated by Beijing's reciprocal response has also dealt a sizeable blow on US markets. ADVERTISEMENT The S&P 500 fell 322.44 points, down to 5,074.08 – roughly 6% – closing the week at a record low since March 2020 when the coronavirus pandemic ripped through the global economy. The Dow Jones Industrial Average plunged 2,231 points, or 5.5%, while the Nasdaq Composite tumbled 5.8% to pull more than 20% below its record set in December. So far there have been few, if any, winners in financial markets from the trade war. Stocks for all but 14 of the 500 companies within the S&P 500 index fell Friday. The price of crude oil tumbled to its lowest level since 2021. Other basic building blocks for economic growth, such as copper, also saw prices slide on worries the trade war will weaken the global economy. ADVERTISEMENT Trader Daniel Kryger works on the floor of the New York Stock Exchange, Friday, April 4, 2025 Richard Drew/Copyright 2025 The AP. All rights reserved. Trump has given mixed signals on that. On Friday, he said Vietnam 'wants to cut their Tariffs down to ZERO if they are able to make an agreement with the US.' He also criticised China's retaliation, saying on his Truth Social platform that 'CHINA PLAYED IT WRONG, THEY PANICKED - THE ONE THING THEY CANNOT AFFORD TO DO!' Trump says Americans may feel 'some pain' because of tariffs, but added that the long-term goals, including getting more manufacturing jobs back to the United States, are worth it. On Thursday, shortly after stock markets began tanking after his global tariff announcement, Trump likened the situation to a medical operation, where the US economy is the patient, hinting that things will get worse before they start to get better. ADVERTISEMENT
Yahoo
05-04-2025
- Business
- Yahoo
European and US markets continue to drop after Trump's global tariffs
Stock markets worldwide are careening even lower Friday after China matched US President Donald Trump's big raise in tariffs in an escalating trade war. China's response to US tariffs caused an immediate acceleration of losses in markets worldwide. The Commerce Ministry in Beijing said it would respond to the 34% tariffs imposed by the US on imports from China with its own 34% tariff on imports of all US products beginning April 10. The United States and China are the world's two largest economies. The intensified trade conflict between the US and China accelerated a slide in the German DAX index on Friday afternoon. With a drop of more than 1,000 points, or a good 5%, to a daily low of 20,590 points, the leading German index extended its weekly decline to around 8%, according to reports of German news agency dpa. Tim Oechsner, a capital markets expert at Steubing AG, said this was emblematic of the current "high volatility". European stocks saw some of the day's biggest losses, with indexes sinking roughly 5%. The price of crude oil tumbled to its lowest level since 2021. The largest Spanish stock market, IBEX35 (IBerian-indEX) also saw a fall of roughly 5% on Friday. In the middle stretch of trading, the IBEX35 took a nosedive, bringing it down to 12,500 points, as it was also dealt a crucial blow by the US-China led tariff war. The Spanish selective index was the one that managed to weather the impact of the tariffs, which were announced on Wednesday night, in the best possible way, registering a fall of 1.2%, relatively minor in comparison with European counterparts which averaged 3%. France similarly took a hit, with its largest market, the CAC 40 dropping about 4.3%, in what were the biggest weekly losses for European shares in years. Leading the charge for European response, French President Emmanuel Macron urged all French companies to pause planned investments in the US. Acting German Economy Minister, Robert Habeck, echoed the same sentiment, adding that Trump would 'buckle under pressure' if Europe united together in its response. France's Finance Minister Eric Lombard however cautioned against tit-for-tat countermeasures on Washington's tariffs, warning that this would also rebound on European consumers. The European Union's trade commissioner Maros Sefcovic said he held a two-hour call with US Secretary of Commerce Howard Lutnick and US Trade Representative Jamieson Greer. 'I was clear: US tariffs are damaging, unjustified,' said Sefcovic in a post on social media platform, X. 'The Eu's committed to meaningful negotiations but also prepared to defend our interests.' The weight of Trump's aggressive tariff policy, only exacerbated by Beijing's reciprocal response has also dealt a sizeable blow on US markets. The S&P 500 fell 322.44 points, down to 5,074.08 – roughly 6% – closing the week at a record low since March 2020 when the coronavirus pandemic ripped through the global economy. The Dow Jones Industrial Average plunged 2,231 points, or 5.5%, while the Nasdaq Composite tumbled 5.8% to pull more than 20% below its record set in December. So far there have been few, if any, winners in financial markets from the trade war. Stocks for all but 14 of the 500 companies within the S&P 500 index fell Friday. The price of crude oil tumbled to its lowest level since 2021. Other basic building blocks for economic growth, such as copper, also saw prices slide on worries the trade war will weaken the global economy. Trump has given mixed signals on that. On Friday, he said Vietnam 'wants to cut their Tariffs down to ZERO if they are able to make an agreement with the US.' He also criticised China's retaliation, saying on his Truth Social platform that 'CHINA PLAYED IT WRONG, THEY PANICKED - THE ONE THING THEY CANNOT AFFORD TO DO!' Trump says Americans may feel 'some pain' because of tariffs, but added that the long-term goals, including getting more manufacturing jobs back to the United States, are worth it. On Thursday, shortly after stock markets began tanking after his global tariff announcement, Trump likened the situation to a medical operation, where the US economy is the patient, hinting that things will get worse before they start to get better.
