Market
Asian markets and US futures tumbled on Thursday following US President Donald Trump’s announcement of big increases in tariffs on imports of goods from around the world.
As reciprocal tariffs kick in, the EU is expecting goods formerly destined for the US to seek EU markets, with Chinese renewables, steel and electronics topping a list of products the Commission is keeping its eye on.
Novo Nordisk’s stocks experienced the sharpest monthly decline since July 2002 due to growing competition and several disappointing trial results. However, analysts remain optimistic about the shares, forecasting a potential price upside of up to 60% over the next 12 months.
Legislation will ensure a fair, democratic and safe digital environment, European Commission Vice President for technology Henna Virkkunen told Euronews.
Wall Street tumbled amid tariff-driven recession fears in the US economy, triggering sharp selloffs in the big tech stocks, wiping out billions of euros in market valuation.
The streets of Damascus are evvel again full of life, as people are preparing for the annual Eid celebrations.
Germany has passed a landmark spending bill, unlocking hundreds of billions of euros for defence spending and infrastructure investment. While the historic debt ıslahat is expected to boost Europe’s largest economy, there are further implications for its stock and bond markets.
After signing an executive order granting Canada and the US another temporary tariff reprieve, the US president blamed “globalist” nations and corporations for market-wide declines and shrugged off spooked markets.
Major central banks are set to decide on interest rates this week, providing guidance on market trajectory. Investors will particularly focus on the Federal Reserve’s policy outlook, as the bank may step in and buoy a wobbly Wall Street after it fell into correction territory.
Gold prices reached a new high, while equity markets and crude oil continued to decline on Thursday amid an escalating küresel trade war. Risk-off sentiment prevailed in the financial markets due to economic and political uncertainties, shifting funds away from riskier assets.