Europe stocks lower after hitting record highs on hopes of Ukraine peace deal

Europe stocks lower after hitting record highs on hopes of Ukraine peace deal


European stock markets opened lower on Friday after hitting record highs earlier this week.

The pan-European Stoxx 600 index moved 0.1% lower when markets opened. The U.K.’s FTSE 100 was down by 0.25%, and Germany’s DAX was lower by 0.3%. Meanwhile, France’s CAC 40 opened flat.

Asia-Pacific markets were mixed Friday, after Wall Street rose overnight as President Donald Trump signed a reciprocal tariffs plan, but did not enact the levies immediately.

Mainland China’s CSI 300 Index rose 0.86%, while Hong Kong’s Hang Seng index surged 3.06%, extending its gains from the previous session.

Japan’s benchmark Nikkei 225 ended the day 0.79% lower at 39,149.43, while the broader Topix index lost 0.23% to close at 2,759.21.

In European markets, British lender NatWest reported its full-year earnings, beating estimates on profit and revenues. The company, which is still partly owned by the state, said that the U.K. government had reduced its stake in the bank from 7.98% to 6.98%.



Source

Asia markets set to open higher as hopes for a U.S.-Iran deal rise and oil prices drop
World

Asia markets set to open higher as hopes for a U.S.-Iran deal rise and oil prices drop

The West Texas Intermediate was down 2.39% at $88.94 per barrel as of 7:40 p.m. ET. Brent crude fell over 4% to settle at $94.79 per barrel on Tuesday. Source

Read More
Meta commits to one gigawatt of custom chips with Broadcom as Hock Tan agrees to leave board
World

Meta commits to one gigawatt of custom chips with Broadcom as Hock Tan agrees to leave board

Broadcom CEO Hock Tan. Lucas Jackson | Reuters Meta and Broadcom on Tuesday announced a sweeping deal that extends an existing partnership between the two companies for the design of Meta’s custom in-house AI accelerators through 2029. At the same time, Meta said Broadcom’s CEO, Hock Tan, told Meta last week that he has decided […]

Read More
Crypto exchange Kraken confirms it has confidentially filed for an IPO
World

Crypto exchange Kraken confirms it has confidentially filed for an IPO

Kraken is one of the world’s largest crypto exchanges. Tiffany Hagler-Geard | Bloomberg via Getty Images Kraken co-CEO Arjun Sethi said Tuesday that the crypto exchange has confidentially filed for a U.S. initial public offering, confirming CNBC’s previous reporting on the matter. Sethi’s comments were made at the Semafor World Economy conference in Washington, D.C., […]

Read More