Vehicles are assembled on a line at the BMW plant in Leipzig. Picture Alliance | Picture Alliance | Getty Images Shares of Europe’s top carmakers jumped on Wednesday after the U.S. and Japan’s blockbuster trade agreement raised hopes of a tariff breakthrough for other major exporters. In a post on social media platform Truth Social,…
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European markets open mixed European stock markets moved cautiously higher in early deals, with France’s CAC 40 and Germany’s DAX both up around 0.1%. The regional Stoxx 600 index had nevertheless already pared gains to trade at the flatline by 8:10 a.m. in London. Autos stocks are down 0.6%, with Stellantis down 2.7% after announcing…
Renault shares plunge 17% after French carmaker lowers guidance, appoints new interim CEO The electric Renault 5 at Automotive Summit at the Porte de Versailles exhibition center, Paris, France, on October 15, 2024. Stephane Mouchmouche | Hans Lucas | Afp | Getty Images Shares of French carmaker Renault plunged on Wednesday after the company lowered its 2025 guidance…
A one pound price label in bowls of produce on a grocery stall at East Street Market in London, UK, in spring 2024. Bloomberg | Bloomberg | Getty Images The U.K.’s annual inflation rate hit a hotter-than-expected 3.6% in June, according to data released by the Office for National Statistics (ONS) on Wednesday. Economists polled…
Here’s a quick dive on EU-US trade Cargo shipping containers wait to be loaded by cranes on container ships at the Burchardkai container terminal at the harbour of Hamburg, northern Germany, on June 3, 2025. Fabian Bimmer | Afp | Getty Images Following President Trump’s decision to impose 30% tariffs on imports from the EU…
President Donald Trump said Saturday the U.S. will impose a 30% tariff on goods from the European Union and Mexico that will take effect on Aug. 1. Trump revealed the new rates in letters to European Commission President Ursula von der Leyen and Mexico’s President Claudia Sheinbaum, which he posted on his social media site…
European markets slide at open Sentiment has clearly soured in Europe after four days of solid gains, with all Stoxx 600 sectors except oil and gas and insurance opening in the red on Friday. The regional index was 0.46% lower at 8:10 a.m. in London. Stock Chart IconStock chart icon Stoxx 600 index. BP flags…
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German factory orders slump Manufacturing orders in Germany tumbled 1.4% month on month in May, statistics office Destatis said Friday, well below the expectations of a 0.1% decline forecast in a Reuters poll of analysts. Orders were up 5.3% year on year. The monthly fall was primarily due to a 17.7% drop in computer, electronic and…
