Germany
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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How to ‘tariff-hedge’ your European portfolio, according to TS Lombard
As Europe faces the prospect of tariffs on its exports to the United States, TS Lombard has advised investors in the region on how to “tariff-hedge” their portfolios. U.S. President-elect Donald Trump warned ahead of his election win that he would introduce a blanket tariff of up to 20% on all imports . This week […]
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European markets head for higher open; U.S. markets are closed for Thanksgiving
UK consumer confidence ‘remains weak,’ retail trade group says Shoppers visit York Christmas Market ahead of Black Friday on November 25, 2024 in York, England. Ian Forsyth | Getty Images News | Getty Images U.K. consumer confidence remains weak in the aftermath of the Labour government’s landmark first budget in October, according to a November […]
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‘Europe’s Detroit’ built a thriving car industry. Trump tariffs now threaten to unravel its success
Skoda Kodiaq automobiles on the production line at the Volkswagen AG plant in Bratislava, Slovakia, on Friday, Dec. 1, 2023. Bloomberg | Bloomberg | Getty Images A small landlocked country in the heart of Europe appears to be uniquely exposed to President-elect Donald Trump’s “America First” economic agenda. Nicknamed the “Detroit of Europe” due to […]
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Europe markets open lower as global rally stutters; investors digest Trump tariff implications
European stocks opened lower Tuesday as investors assess the global implications of U.S. President-elect Donald Trump’s plans to hike tariffs on China, Mexico and Canada. The regional Stoxx 600 was down 0.61% at 8:10 a.m. London time as all sectors bar telecoms retreated. Autos led losses, down 2.1%. The index had ended in the green for a […]
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European stocks close higher as global markets rally; UniCredit falls 5% after making offer for Banco BPM
European markets close slightly higher European stocks closed slightly higher Monday, buoyed by positive sentiment stateside. The pan-European Stoxx 600 provisionally ended 0.14% higher, with most sectors and major bourses in the green. Household goods and mining stocks led gains, both adding 1.21%, while oil and gas stocks fell 1%. — Karen Gilchrist Dow and […]
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The auto industry is pulling back on its ‘capital junkie’ tendencies after unprecedented spending on EVs, self-driving
Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona. Lucid DETROIT — The auto industry has an addiction. It’s a “capital junkie” that’s been on a yearslong binge of unprecedented spending on all-electric and autonomous vehicles. And now, […]
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See some of the best photos from National Geographic’s ‘Pictures of the Year’
National Geographic released its annual “Pictures of the Year” issue this week, showcasing 20 photographs — out of some 2.3 million in contention — that depict striking scenes of nature, wildlife and human connection to the world. Here are CNBC’s picks of the best of the best. A leap of faith A young emperor penguin […]
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European stocks head for slightly higher open amid subdued market sentiment
Asian chip stocks slump as Nvidia’s slowing revenue growth worries investors Asian semiconductor-related stocks mostly slumped on Thursday after Nvidia reported an earnings forecast that failed to meet the lofty expectations of some investors. While Nvidia’s third-quarter results exceeded analysts’ expectations and delivered a strong forecast for the current quarter, its shares still shed 2.5% in extended trading to roughly $142.20 […]
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European markets trade higher as traders assess simmering geopolitical tensions
Treasury yields rise as investors weigh geopolitical tensions, economic data U.S. Treasury yields were higher on Wednesday as investors considered the geopolitical situation and assessed the latest economic data. At 2:58 a.m. ET, the yield on the 10-year Treasury was up by over four basis points to 4.4178%. The 2-year Treasury yield was last trading at 4.2932% after rising […]
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