DAX, FTSE and CAC climb as geopolitical risks ease
European stock markets opened the week on a positive note, buoyed by hopes of easing trade tensions between the U.S. and China and declining geopoliti...
European stock markets opened the week on a positive note, buoyed by hopes of easing trade tensions between the U.S. and China and declining geopolitical risks in the Middle East.
The pan-European Stoxx 600 index rose 0.44%, or 2.47 points, to close at 566.63. Germany’s DAX 40 gained 0.6% to finish at 24,387.93, while the UK’s FTSE 100 added 0.16% to end at 9,442.87.
France’s CAC 40 climbed 0.21% to 7,934.26, Italy’s FTSE MIB increased 0.29% to 42,167.59, and Spain’s IBEX 35 rose 0.42% to 15,541.6.
Markets were further supported by remarks from U.S. President Donald Trump, who stated on social media that the U.S. intends to assist China rather than harm it, and confirmed that his meeting with Chinese President Xi Jinping at the APEC Summit would go ahead. Trump added that there was no need for concern and that “it will all be fine.”
Meanwhile, the euro/dollar exchange rate was down 0.4% at around 1.1575 as of 17:10 GMT.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Wall Street closed sharply higher on Monday, led by gains in Broadcom and other chipmakers, as investors were reassured by U.S. President Donald Trump’s conciliatory tone on renewed U.S.-China trade tensions.
Lawyers warn that the case could eventually involve up to 1.8 million UK drivers across 14 brands, potentially making it the largest consumer class action in British legal history.
A federal jury in Marshall, Texas, ruled on Friday that Samsung Electronics must pay nearly $445.5 million in damages to patent holder Collision Communications for infringing patents linked to 4G, 5G, and Wi-Fi communication standards.
Gold prices rose above $4,000 an ounce for the first time on Wednesday, fuelled by investor demand for safe-haven assets amid rising geopolitical tensions and expectations of U.S. interest rate cuts.
U.S. shares ended Tuesday in negative territory as investors, cut off from official economic data due to the ongoing government shutdown, looked to alternative indicators and comments from Federal Reserve officials for guidance on economic weakness and monetary policy.
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