Monday, August 11, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

European shares set to cap strong week on upbeat earnings

Simon Osuji by Simon Osuji
May 16, 2025
in Telecoms
0
European shares set to cap strong week on upbeat earnings
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter



SYDNEY/GDANSK – European stocks looked set to cap a strong week with gains on Friday, as upbeat earnings helped sustain the rally sparked by a U.S.-China trade truce, while oil prices remain relatively low, further supporting stocks and bonds.

It has been a positive week for global share markets as investors cheered a tariff truce between the United States and China that greatly reduces the risk of a global recession.

Europe’s STOXX 600 rose 0.57% on Friday, and was up 1.6% on the week, set for its fifth straight week of gains, helped by luxury group Richemont’s 7% climb after it reported strong quarterly sales.

MSCI’s main gauge of Asia-Pacific stocks ex-Japan rose more than 3% this week, and the S&P500 is up 4.5% so far, with futures pointing to further gains at Friday’s open.

The U.S. data calendar is lighter for the rest of the day, though there will be the University of Michigan consumer sentiment survey and U.S. import prices data for April.

However, there was enough uncertainty to keep investors cautious heading into the weekend.

“The markets confront a weekend with less risk of carrying open positions than last, with no major trade talks or significant risks on the calendar,” said Kyle Rodda, senior analyst at Capital.com.

“However, there is always a slight risk-off bias going into the weekend during a Trump presidency, with a nasty downside surprise at the Monday open only ever one social media post away.”

Oil prices have been choppier this week, rising on the U.S. China deal, before falling sharply on Thursday on increased supply pressure from an OPEC+ output hike and the prospect of an Iranian nuclear deal.

Brent futures were down slightly on Friday after a 2% Thursday fall, and were set to end the week just 0.8% higher.

Oil prices – low by recent standards – are helping support expectations that inflation is easing, as did U.S. data from Thursday, which did not show any dramatic impact from U.S. tariffs, helping both shares and bonds.

U.S. core retail sales were soft and the producer prices fell unexpectedly in April, as markets added to the bets for a total easing of 57 basis points from the Federal Reserve this year, from 49 bps before.

“The relief from softer U.S. retail sales and PPI was palpable in the bond market yesterday and overnight,” said Kenneth Broux, head of corporate research FX and rates at Societe Generale.

“This poured cold water on the (global) bond sell-off and put the brakes on the hawkish repricing of the Fed outlook.”

The benchmark 10-year Treasury yield fell 4 basis points to 4.41%, extending a 7-bps drop overnight, and euro zone government bond yields also slid.

Of course, it might be just a matter of time before the tariff impact starts to show up in the hard data. Walmart , the world’s largest retailer, said it would have to start raising prices later this month due to the high cost of tariffs.

Lower U.S. yields left currency traders selling the dollar, if not too dramatically. It was last down 0.27% on the yen at 145.3, while the euro was 0.12% higher at $1.1198.

In precious metals, gold prices fell 1.23% to $3,200 an ounce, after rallying 2% overnight. For the week, they are down 3.7%.

Reuters



Source link

Related posts

Truecaller Claims 100 million Users in MEA Region

Truecaller Claims 100 million Users in MEA Region

August 11, 2025
Schneider Electric reports significant sustainability milestones in Q2 2025

Schneider Electric reports significant sustainability milestones in Q2 2025

August 11, 2025
Previous Post

African military spending increased last year

Next Post

Etihad Airways confirms order for 28 wide-body Boeing aircraft

Next Post
Etihad Airways confirms order for 28 wide-body Boeing aircraft

Etihad Airways confirms order for 28 wide-body Boeing aircraft

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Senegal awards Free its 5G licence

Senegal awards Free its 5G licence

2 years ago
SAAF pilots training at the International Test Pilots School in Canada

SAAF pilots training at the International Test Pilots School in Canada

2 years ago
World Bank approves $360m for Ghana’s economic recovery

World Bank approves $360m for Ghana’s economic recovery

1 month ago
Ethereum Whale Makes Massive Shib Purchase After Robinhood

Ethereum Whale Makes Massive Shib Purchase After Robinhood

2 years ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Global ranking of Top 5 smartphone brands in Q3, 2024

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.