Global stocks remain near record highs amid expectations of Fed rate cuts, while European equities decline due to limited ECB rate cut prospects; gold hits a new high, and the dollar weakens as markets adjust to monetary policy outlooks.
European stocks edged higher as investors awaited the ECB's interest rate decision and US inflation data, with sectors like defense and banking showing gains amid geopolitical tensions and economic concerns, while companies like Kering and Covestro moved on specific corporate news.
European stocks opened higher and oil prices declined amid positive diplomatic signals between Russia and Ukraine, while traders await the Fed's Jackson Hole symposium for policy guidance, with markets cautious ahead of key speeches and geopolitical events.
European stocks declined amid mixed earnings reports and ongoing U.S.-EU tariff negotiations, with investors awaiting key corporate earnings and Federal Reserve policy clues, while Asian markets dipped after reaching near four-year highs.
European shares declined due to losses in banking and mining sectors amid ongoing trade negotiations between the U.S. and its trading partners, with focus on upcoming tariff decisions and trade deal negotiations, while some sectors like healthcare and luxury goods showed resilience.
European shares fell for the third straight session, led by a 6.4% drop in ASML after a weak sales forecast and concerns over potential strict U.S. trade rules affecting semiconductor technology access to China. The pan-European index dropped 0.5%, with the technology sub-index down 2.6%. Inflation data and earnings updates also influenced market sentiment.
European shares rose in light trading after an ECB official hinted at potential rate cuts, with carmakers and utilities leading gains in the Stoxx Europe 600 index. Nasdaq 100 futures hit a record high, while US and UK markets were closed for holidays.
European shares are expected to rally as optimism grows that a U.S. debt ceiling deal could be reached soon. President Joe Biden and top congressional Republican Kevin McCarthy have agreed to negotiate a deal directly, with Biden cutting short an Asia trip to return to talks on Sunday. The U.S. Treasury general account is draining fast as extraordinary measures are exhausted, pending a debt ceiling deal to raise the limit. The European data cupboard is largely bare today, meaning the next macro focal point will be a smattering of U.S. indicators. China's post-COVID recovery is already past its peak, as exports grew at the weakest pace in more than two years in April.