European shares started the week positively on Monday, recovering losses from the previous session after U.S. President Donald Trump postponed his plan to impose a 50% tariff on European goods.
The STOXX 600 index rose by 1%, rebounding from Friday’s 0.9% drop caused by Trump’s surprise tariff threat. He pushed the tariff deadline back to July 9 from June 1, following a request from European Commission President Ursula von der Leyen for more time to negotiate a deal.
The auto sector, sensitive to tariffs, led gains with a 1.8% rise, despite a 3.3% fall in Porsche shares. Defence stocks also helped, with Rheinmetall and Leonardo up more than 3% each. The aerospace and defence index grew 1.7%, boosting industrial stocks by 1.5%.
German shares climbed 1.7%, nearing record highs thanks to strong performance in defence and auto companies. Luxury brands like Kering, LVMH, and Richemont also rose about 1%, lifting the luxury index.
UBS’s Mark Haefele cautioned that while the delay is good news, investors may be too optimistic about trade talks.
The euro strengthened, and government bond yields remained steady as Trump stepped back from his tariff threats. Concerns about a U.S. economic slowdown and recent credit rating downgrade by Moody’s have made investors wary of U.S. assets.
Swissquote analyst Ipek Ozkardeskaya said trade and geopolitical tensions have shifted investor sentiment away from the U.S. as a safe haven.
Trading volumes were low due to holidays in the U.S. and UK, but U.S. futures were up over 1%.
Notably, Thyssenkrupp shares surged 8.8% after reports the company will hold a shareholder vote in August on spinning off its warship division. Zealand Pharma led the STOXX 600 with a 10% gain.
The European Union has moved closer to finalising a trade agreement with the United States in an effort to avoid a...
Russia delivered nuclear munitions to field storage facilities in Belarus as part of major nuclear drills, the Russia...
Russia and China plan to unveil a nearly one-kilometre cable car over the Amur river by the end of the year, the TASS state news agency reported on...
Chinese President Xi Jinping may visit North Korea as early as next week, South Korea's Yonhap news agency ...
The pneultimate day of the World Urban Forum 13 in Baku will see Azerbaijan's Pavilion highlight post-construction efforts in Garabagh ...
In a war shaped by missiles, blockades, threats and Donald Trump’s unpredictable announcements, one of Europe’s most consequential decisions has been a refusal. Spain rejected the use of the Rota and Morón bases for attacks on Iran and later closed its airspace to aircraft involved in the campaign.
Russia and China plan to unveil a nearly one-kilometre cable car over the Amur river by the end of the year, the TASS state news agency reported on Thursday (21 May).
Chinese President Xi Jinping may visit North Korea as early as next week, South Korea's Yonhap news agency reported late on Wednesday (21 May) quoting a senior government official.
The pneultimate day of the World Urban Forum 13 in Baku will see Azerbaijan's Pavilion highlight post-construction efforts in Garabagh and East Zangezur, as well as host events on the future of Baku and architectural education.
Asian stocks surged on Thursday as some vessels resumed passage through the Strait of Hormuz, while forecast-beating results at Nvidia and a suspended workers' strike at Samsung Electronics lifted shares of chipmakers.
United Nations World Urban Forum 13 continues in Baku, Azerbaijan on 19 May with sessions and roundtable discussions focused on strengthening dialogue and advancing cooperation in urban development. Organisers say there are nearly 3 billion people globally who face some form of housing inadequacy.
Day four of the World Urban Forum (WUF) in Baku brings a packed agenda on sustainable cities and the global housing crisis, with sessions on green housing, smart cities, public spaces and urban rights taking place on Wednesday (20 May) at Baku Olympic Stadium in Azerbaijan.
At least 21 people have been killed and thousands evacuated after torrential rain triggered flooding, landslides and transport disruption across southern and central China, with authorities warning that more heavy rainfall is expected along the Yangtze River.
Russia’s ambassador to the United Nations Vasily Nebenzya warned on Tuesday (19 May) that Moscow could retaliate against Baltic states if Ukraine launches military drones from that region. Latvia, the United States and Ukraine responded strongly during a UN Security Council meeting.
The European Union has moved closer to finalising a trade agreement with the United States in an effort to avoid a new tariff escalation threatened by President Donald Trump. The proposed deal is aimed at stabilising transatlantic trade ties amid mounting economic and political pressure.
Russia delivered nuclear munitions to field storage facilities in Belarus as part of major nuclear drills, the Russian Defence Ministry said on Thursday.
Russia and China plan to unveil a nearly one-kilometre cable car over the Amur river by the end of the year, the TASS state news agency reported on Thursday (21 May).
Chinese President Xi Jinping may visit North Korea as early as next week, South Korea's Yonhap news agency reported late on Wednesday (21 May) quoting a senior government official.
A Paris appeals court will issue a verdict on Thursday on the 2009 crash of an Air France passenger jet after the airline and planemaker Airbus faced trial over corporate manslaughter.
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