European Markets Close Higher On Earnings, Trade Optimism
Friday, 12 April 2019 European markets ended higher on Friday, as strong earnings reports from major U.S. lenders JP Morgan Chase and Wells Fargo, and optimism over U.S.-China trade deal outweighed worries about global growth. Easing worries over Brexit contributed as well to the positive mood in Europe.
According to Reuters, trade-sensitive stocks weighed the markets down on Wall Street. On April 9th, the top three markets on the New York Stock Exchange lost over 50-percent each. The Dow Jones Industrial Average dropped 190-points on the day, falling to 26,150. The Nasdaq Composite lost about...
President Donald Trump reminded investors Tuesday that Europe, and its $1.2 trillion auto sector, might be next on his tariff hit-list. Trump tweeted that the euro, as well as other global currencies,..
President Trump's cancellation of planned tariffs on Mexican imports tempered fears of another trade war, sending Asian and European stocks and US futures higher on Monday. "Whilst this is positive for..
European shares followed Asian stocks higher on Monday after the United States shelved plans to impose tariffs on Mexico. But, as Francis Maguire reports, China's yuan dropped due to lower imports than..