European luxury stocks entered bear market territory Thursday as Trump’s expanded tariff list hit high-end consumer goods. The sector index plunged 4.3%, its worst day since pandemic lockdowns, with particular pain for: The new 15% tariffs specifically target French champagne, Italian leather goods, and Swiss watches – products that derive nearly 40% of global sales […]
A brutal tech selloff swept through Asian markets Thursday, wiping out nearly $150 billion in market value from regional tech giants. The bloodletting was led by semiconductor stocks after NVIDIA’s weak guidance sparked contagion fears across the sector. Sector Highlights: “The chip sector domino effect is worrying because it’s hitting both cyclical and defensive tech […]
President Donald Trump has announced a staggering 30% tariff on Chinese steel and aluminum imports, a move aimed at revitalizing the struggling U.S. metals industry. The decision, which comes amid rising tensions between Washington and Beijing, has drawn mixed reactions from industry leaders and policymakers. The tariffs, effective immediately, are expected to provide a boost […]
Copper, widely recognized as ‘Dr. Copper’ for its knack for forecasting economic shifts, is currently witnessing a remarkable price rally. This rise is driven by factors such as former President Trump’s proposed tariffs, rising U.S. premiums, and growing demand from industries like electric vehicles (EVs), construction, and technology. Key Drivers of Copper Prices: Top Copper […]
Shares of leading Asian automakers tumbled for a second straight session following former President Donald Trump’s latest comments on imposing steep tariffs on foreign-made vehicles. Companies like Nissan, Kia, and Subaru saw declines of up to 3% as traders braced for potential disruptions in U.S. trade relations. Trump, who has previously advocated for aggressive trade […]
European markets are poised for a bullish opening on Monday, with key indices expected to rise. IG forecasts indicate the FTSE 100 will open 14 points higher at 8,667, while Germany’s DAX could jump 83 points to 22,966. France’s CAC 40 is likely to gain 9 points, and Italy’s FTSE MIB may surge by 171 […]
China has pledged to further open its markets to foreign businesses as top global CEOs gathered at the China Development Forum in 2025. The forum, held annually in Beijing, provides a platform for dialogue between Chinese policymakers and international business leaders. Chinese Premier Li Qiang announced a series of measures aimed at improving the business […]
The US dollar gained strength on Thursday after the Federal Reserve signaled it would not rush to cut interest rates, despite slowing economic growth and persistent inflation. The Fed’s decision to hold rates steady at 4.25% to 4.5% has reinforced the dollar’s position as a safe-haven currency. Fed Chair Jerome Powell reiterated the central bank’s […]
Hanwha Aerospace, a major player in South Korea’s defense and aerospace sector, saw its shares drop nearly 15% on Thursday following the announcement of a rights issue. The company plans to raise capital to fund expansion and reduce debt, but investors reacted negatively to the potential dilution of shares. The rights issue allows existing shareholders […]
European markets displayed mixed trading on Thursday as investors focused on monetary policy decisions from the Bank of England, Swiss National Bank, and Sweden’s Riksbank. The Stoxx 600 index rose 0.12%, with the UK’s FTSE 100 gaining 0.35% and France’s CAC 40 falling 0.2%. The Stoxx 600 has now posted gains for four consecutive days […]