EUR/USD
Europe stocks open mixed after French government ousted; Shell, Equinor to create joint UK venture
Europe stocks open mixed Stock Chart IconStock chart icon Stoxx 600 index. European stock markets opened mixed on Thursday as investors assessed political uncertainty in France. France’s CAC 40 was up 0.13% at 8:11 a.m. in London, while Germany’s DAX gained 0.06%. The U.K.’s FTSE 100 slipped 0.05%. — Jenni Reid France faces bond market […]
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Is it time to short the dollar? UBS and others think so
The U.S. dollar has surged since September, but some financial institutions are suggesting investors should bet against further strength in the greenback. Investment bank UBS has taken a contrarian stance, warning investors not to chase the dollar’s recent gains. “We caution against chasing USD strength; instead, we suggest selling dollar upside potential for yield pickup,” […]
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Stellantis shares slide 8% after CEO departure as broader European markets decline
Euro slides with French government on brink The euro tumbled 0.72% against the U.S. dollar, trading at $1.0497 at 8:40 a.m. in London, as traders monitored political volatility in France. The odds that the fragile government led by Michel Barnier will be toppled in a no-confidence vote by the far-right and a left-wing coalition appeared […]
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Euro zone inflation climbs to 2.3% in November, meeting expectations
The stalls at the 590th Dresden Striezelmarkt are brightly lit at the opening. Sebastian Kahnert | Picture Alliance | Getty Images Annual euro zone inflation rose to 2.3% in November, statistics agency Eurostat said Friday, climbing back above the European Central Bank’s 2% target. Economists polled by Reuters had expected the 2.3% annual rate for […]
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What Trump’s pick for Treasury secretary could mean for global markets
Scott Bessent speaks at the National Conservative Conference in Washington D.C., Wednesday, July 10, 2024. Dominic Gwinn | Afp | Getty Images Financial markets on Monday welcomed President-elect Donald Trump’s pick for U.S. Treasury secretary, with currencies across the globe rallying on hopes that hedge fund manager Scott Bessent can take some of the sting […]
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What Trump’s return to the White House could mean for global bond yields
Former US President Donald Trump arrives during a “Get Out The Vote” rally in Greensboro, North Carolina, US, on Saturday, March 2, 2024. Bloomberg | Bloomberg | Getty Images Donald Trump’s U.S. election victory has ratcheted up concerns about higher prices, prompting strategists to rethink the outlook for global bond yields and currencies. It is […]
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Trump vow on new trade war sends shockwaves through supply chain, importers scramble to move up orders
Retailers and manufacturing companies have been increasingly calling logistics partners, both in the days leading up to presidential election and on Election Night, about “front loading” shipments ahead of any changes in tariff policy to be pursued by President-elect Donald Trump, who campaigned on an aggressive expansion of existing U.S. tariffs on cross-border trade. Trump […]
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U.S. dollar climbs overnight as speculation grows Trump in election lead
Iryna Ustenko | Istock | Getty Images The U.S. dollar strengthened against the Mexican peso and other major global currencies on Tuesday evening as voting began to wind down in the presidential election. The greenback had gained 2.9% against the Mexican peso shortly before 11 p.m. ET, and was also higher against the Swiss franc, […]
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How European investors can hedge against a Trump win, according to Barclays
Investors in Europe who are concerned about former President Donald Trump’s potential return to the White House have several options at their disposal, according to Barclays strategists. The bank suggested that European equities could face significant headwinds if Trump wins the presidency, primarily due to the potential for trade tariffs and protectionist policies . European […]
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Europe prepares for ‘America First’ push no matter who wins the U.S. election
Former President Donald Trump and Vice President Kamala Harris are shown on screen during a debate watch party at the Cameo Art House Theatre in Fayetteville, North Carolina, on Sept. 10, 2024. Allison Joyce | Bloomberg | Getty Images European politicians and policymakers are busy preparing for more American protectionism regardless of who emerges as […]
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