Latest news with #StephaneBoujnah
Bloomberg
15-05-2025
- Business
- Bloomberg
Bloomberg Daybreak: Europe 05/15/2025
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. Today's Guests: Euronext CEO Stephane Boujnah & Siemens CEO Roland Busch (Source: Bloomberg)
Reuters
14-05-2025
- Business
- Reuters
Euronext sales hit record on back of 'exceptional market volatility'
May 14 (Reuters) - Euronext's ( opens new tab revenues hit record levels in the first quarter on the back of "exceptional market volatility", the European stock exchange operator said on Wednesday, and its core profit was stronger than analysts expected. The group, which operates exchanges in Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris, has benefited from disruptions caused by U.S. President Donald Trump's tariffs, which led to financial market turmoil. CEO Stephane Boujnah said the strong first quarter was a positive signal in terms of efforts to create "a stronger, more innovative and more competitive European capital market." Last month, Boujnah said there were flows of money leaving the U.S. to be re-invested in Europe due to the trade uncertainties. The Paris-listed group reported a 17% year-on-year increase in adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) to 294.1 million euros ($329.92 million) for the quarter ended March 31, helped by record fixed-income trading, it said. That was above the 284 million euros analysts had expected on average in a consensus provided by the company. The company's revenues rose by 14.1% to 458.5 million euros in the same period, beating a consensus forecast of 448.3 million. KBC Securities said in a note on Tuesday: "We expect the erratic nature of Trump's policies to continue causing elevated volumes going forward." Euronext said that its European Common Prospectus would address the need to boost initial public offerings (IPOs) in Europe ahead of proposed new listing rules, which it expects will come into effect in June 2026. Stock exchange operators, including Euronext and its European peers Deutsche Boerse ( opens new tab and the London Stock Exchange (LSEG.L), opens new tab, have struggled to attract many new listings as more companies stayed private and the booming U.S. stock market attracted the biggest names. Euronext recorded eight new IPOs between January and April, down from 13 in the same period of 2024. The company is now planning to reissue a paper challenging the belief that U.S.-listed firms attract higher valuations than their European peers, its spokesperson told Reuters, while launching initiatives to encourage investment in the region's defence industry. ($1 = 0.8914 euros)
Yahoo
08-04-2025
- Business
- Yahoo
US is starting to look like an emerging market after tariff shock, Euronext CEO says
PARIS (Reuters) - The United States is starting to resemble an emerging market more than a developed country, Euronext's CEO Stephane Boujnah said on Tuesday as financial markets remained volatile after the imposition of sweeping U.S. tariffs. "Fear exists all over," the head of the pan-European stock exchange operator told France Inter radio. "The country (United States) is unrecognisable and we are living in a transition period. There is a certain form of mourning, because the United States that we had known for the most part as a dominant nation resembled the values and institutions of Europe and now resembles more an emerging market." Boujnah said global financial markets were rotating assets and were trying to adapt to a United States that they do not recognise after U.S. President Donald Trump announced global tariffs on imports to the United States. Trump has said the tariffs - a minimum of 10% for all U.S. imports, with targeted rates of up to 50% - would help the United States recapture an industrial base that he says has withered over decades of trade liberalization. Boujnah said there was some good news in that oil prices and long-term rates were down, and that there were flows of money leaving the United States to be re-invested in Europe.
Bloomberg
08-04-2025
- Business
- Bloomberg
Euronext CEO Says Investors Pull Gold Out of US Over Uncertainty
Euronext NV Chief Executive Officer Stephane Boujnah said some European investors are so unsettled by the trade policies of the Trump administration they are starting to move gold out of the US. 'We're witnessing a moment when the markets are trying to adapt to a United States that is unrecognizable,' Boujnah said in an interview with radio station France Inter on Tuesday. 'A very new element is that we are seeing European players moving physical assets such as gold from storage in the United States to Europe.'
Yahoo
08-04-2025
- Business
- Yahoo
US is starting to look like an emerging market after tariff shock, Euronext CEO says
PARIS (Reuters) - The United States is starting to resemble an emerging market more than a developed country, Euronext's CEO Stephane Boujnah said on Tuesday as financial markets remained volatile after the imposition of sweeping U.S. tariffs. "Fear exists all over," the head of the pan-European stock exchange operator told France Inter radio. "The country (United States) is unrecognisable and we are living in a transition period. There is a certain form of mourning, because the United States that we had known for the most part as a dominant nation resembled the values and institutions of Europe and now resembles more an emerging market." Boujnah said global financial markets were rotating assets and were trying to adapt to a United States that they do not recognise after U.S. President Donald Trump announced global tariffs on imports to the United States. Trump has said the tariffs - a minimum of 10% for all U.S. imports, with targeted rates of up to 50% - would help the United States recapture an industrial base that he says has withered over decades of trade liberalization. Boujnah said there was some good news in that oil prices and long-term rates were down, and that there were flows of money leaving the United States to be re-invested in Europe. Sign in to access your portfolio
