MONEY MASTER

European  equities  are  on  track  for  a  second  straight  weekly  decline ,  as  the  Iran  war  pushes  oil  above  US$100  and  revives  concerns  over  inflation,  growth  and  financial  stability. Stoxx 600  Falls  as  Oil  Surges The  Stoxx Europe 600   dropped 0.8%  in  early  London  trading,  extending  March  losses. With  oil  trading  above  US$100  per  barrel,  investors  are  reassessing  the  risks  of: Higher  inflation Slower  economic  growth Prolonged  geopolitical  instability Key  Point:  Rising  energy  costs  are  shifting  market  focus  from  rate  cuts  to  stagflation  risk. Mining  and  Banks...

 European stock futures climbed after the US and European Union reached a trade deal that eased investor worries about escalating tariffs. The agreement, announced by US President Donald Trump and European Commission President Ursula von der Leyen, will see the EU face  15% tariffs on most exports , including cars. Pharmaceuticals and metals are excluded from the deal. By early Monday in Paris,  Euro Stoxx 50 futures rose 1% , while Germany’s DAX futures also gained about 1%. The euro edged up to  $1.1752 . “This is exactly what markets needed — visibility. The risk of tariff escalation is now off the table,” said John Plassard, head of investment strategy at Cité Gestion. “For investors, that’s not just relief; it’s a green light.” Key Sectors to Watch Automakers:  Stellantis, Volkswagen, Mercedes-Benz, BMW, and suppliers like Valeo and Pirelli are expected to benefit. Luxury Brands:  LVMH, Kering, and Salvatore Ferragamo may see gains as North America is ...

The   US dollar rallied   while   European stocks tumbled   on Tuesday after President-elect   Donald Trump   announced sweeping   tariff plans   targeting imports from   Mexico, Canada, and China . Market Impact The  STOXX 600 fell 0.7% , led by automakers such as  Volkswagen  and  Stellantis , which dropped between  2.6%-5% . The threat of tariffs on the  European Union  added pressure, with traders anticipating the EU could be next. S&P 500 futures  eased 0.1%, following Monday’s  0.3% gain . Currencies Under Fire The dollar surged  2.3% to 20.75 pesos  and climbed  1% to C$1.4139 , reflecting investor fears that Mexico would bear the brunt of Trump’s tariffs. Offshore yuan weakened to  7.2674 per dollar , its lowest since late July. The euro fell  0.1% to $1.04838 , while the British pound eased  0.2% to $1.2548 . Trump’s Tariff Plan Sweeping Tariffs Announced ...

  European shares and US stock futures rallied on Thursday, bouncing back from a recent sell-off. The dollar slipped , with the euro, yen, and pound gaining strength. Europe’s STOXX 600 rose 0.57% , following three days of declines. Britain’s FTSE 100 climbed 0.78% , and Germany’s DAX increased by 0.65% . In the US, Nasdaq futures were up 0.73% , fueled by a 12% jump in Tesla shares after the company reported strong third-quarter profits and forecasted 20-30% growth in sales for next year. S&P 500 futures rose 0.41% after a 0.9% drop in the previous session. The rebound was supported by positive corporate earnings from Renault , Unilever , and Hermes in Europe. However, in Asia, Tokyo’s Nikkei gained only 0.1% , while Hong Kong’s Hang Seng and China’s blue-chip index fell by over 1% . The dollar index fell 0.23% , with the euro , pound , and yen rising. The euro was last up 0.14% at $1.0797 , helped by a slightly better-than-expected German PMI reading. The ...

European stocks made modest gains on Thursday, while the euro remained pinned near an 11-week low, as investors anticipated a likely rate cut from the European Central Bank (ECB) . Meanwhile, the US dollar strengthened, buoyed by expectations surrounding Donald Trump’s trade policies ahead of the 2024 US election. The ECB is widely expected to make its first back-to-back rate cut in 13 years. With markets also pricing in another cut in December, attention will be on ECB President Christine Lagarde's guidance during the press conference, despite analysts noting that her remarks often don’t provide clear indications. The recent dip in the euro, which was down 0.1% at US$1.0851 , stems from weak purchasing manager index (PMI) data in September that fueled expectations for a rate cut. Germany’s 10-year Bund yield rose slightly to 2.21% , following a two-week low the day prior. Jordan Rochester, head of fixed income and currency strategy at Mizuho EMEA, noted that the euro coul...

European stocks, after hitting record highs in 2024, face a challenging road ahead as fund managers from Goldman Sachs, BlackRock, and Northern Trust warn of rising risks from a weak economic outlook, uncertain corporate earnings, and the looming US presidential election . BlackRock’s Helen Jewell cautioned that the fragile market could remain volatile, particularly with uncertainty surrounding the US election and a shaky macroeconomic backdrop in Europe, where the eurozone’s private sector has been shrinking and Germany faces a potential contraction. Adding to the uncertainty is the upcoming third-quarter earnings season in mid-October. With consumer demand weakening , early signs suggest that earnings for some major companies, including Novo Nordisk and H&M , may disappoint. Expectations for full-year earnings have already dropped 2.8% since January, and some analysts believe further downgrades are likely. The US election adds another layer of risk, particularly if Donal...

  European stocks rose on Tuesday while the US dollar remained under pressure, as investors anticipated a potentially aggressive rate cut from the US Federal Reserve (Fed) . With the Fed expected to begin its easing cycle, markets have increasingly priced in the possibility of a 50-basis-point rate cut . Futures markets have fully priced in a quarter-point cut and now show nearly a 70% probability of a half-percentage-point rate cut on Wednesday, up sharply from around a 15% chance last week. This shift comes after multiple media reports suggested more aggressive monetary easing. The prospect of a deeper rate cut has boosted risky assets and driven down the dollar and bond yields. "It's back to the Fed put," said Eddie Kennedy , head of discretionary fund management at Marlborough Investment Management . "Everyone's pricing in the soft landing... Generally, stocks have done well in such environments." The pan-European STOXX 600 was up 0.5% to a two-...

  European shares fell to near six-month lows amid a global selloff in equities, triggered by fears of a slowdown in US economic growth. The market turmoil saw only a handful of stocks trading in positive territory. Key Market Movements STOXX 600 Index: The pan-European STOXX 600 index fell 2.2% to 487.15 points by 0827 GMT, reaching its lowest level since February 14. The Euro STOXX volatility index rose 5.7 points to 30.26 , the highest since March 2023. Major European Indices: Germany's DAX: Fell more than 2% . France's CAC 40: Dropped over 2% . Britain's FTSE: Declined by more than 2% . Spain's IBEX 35: Also fell more than 2% . Japan's Nikkei: Closed 13% lower, marking its largest drop in nearly 40 years, impacting sentiment across European markets. Chris Beauchamp, chief market analyst at IG Group, remarked, "You don't get the Nikkei falling by its largest amount in nearly 40 years without some kind of repercussions across European markets....