EUROZONE
US advance buys push Eurozone GDP up 0.4%
The figure was higher than the 0.2% forecast by analysts for Bloomberg, and comes after the eurozone economy grew by 0.2% in the final quarter of 2024. The 27-country European Union economy expanded by 0.3%, after 0.4% between October and December.
BNP Paribas hits Q1 profit estimates after trading jump
BNP Paribas reported first-quarter earnings aligning with expectations, propelled by robust sales in its investment banking division. Despite a 4.9% year-on-year dip in group net income to 2.95 billion euros, attributed to the re-inclusion of its Ukrainian operation, the bank's core divisions demonstrated growth.
US stock market today: Futures rebound as Trump rate cut push shakes markets; Dow jumps 230 points, Nasdaq gains, Bitcoin surges, gold spikes, and Wall Street tracks earnings, yields, and global momentum
US stock futures rise as Wall Street claws back from a heavy sell-off driven by Donald Trump's push for rate cuts. Dow futures jumped over 230 points, while S&P 500 and Nasdaq followed with solid gains. Investors are watching earnings reports, Treasury yields, and Bitcoin's breakout closely. Meanwhile, gold prices surged, Kimberly-Clark lowered its profit outlook, and Verizon lost more subscribers than expected. The market also saw fresh action in pharma, energy, and European stocks. This rally feels like a breather after a rough Monday — and there’s a lot more brewing underneath.
Gold rush 2.0: Why the world is turning to the yellow metal again
For centuries, gold has been considered the universal symbol of wealth, luxury, status, and power. From ancient civilisations to modern times, gold has served as a valuable currency while shaping economies and influencing empires; gold dates back thousands of years.
First shockwaves of Trump’s tariffs are about to hit the world economy
Global economic forecasts are being revised downwards due to trade tensions initiated by US tariffs, with the IMF expected to lower growth projections. Central banks are adopting a cautious approach, awaiting greater clarity amidst the uncertainty.
Dollar benefits from selling exhaustion, ECB cuts rates
The U.S. dollar rallied on Thursday after its recent weakness across peer currencies appeared exhausted for the time being, while the euro weakened slightly after the European Central Bank cut rates for the seventh time in a year.
Fitch sees weakest world growth outside pandemic since 2009
Fitch Ratings has downgraded its global growth predictions, anticipating the slowest expansion since 2009, excluding the pandemic period, due to increasing global trade tensions. The agency now projects world growth to dip below 2% this year. Forecasts for both China and the U.S. have also been revised downward, with China's growth expected to fall below 4%.
Fitch cuts India FY25 growth forecast to 6.2% from 6.3%
Fitch Ratings has slightly lowered India’s GDP growth forecast for FY25 to 6.2%, citing a worsening global outlook due to escalating US-China trade tensions. It also trimmed projections for FY26 to 6.4% and set FY27 growth at 6.3%.
Europe's Stoxx 600 falls 2.7% as investors grapple with tariff fallout
European shares experienced their biggest daily loss in eight months due to fears of an escalating trade war after U.S. President Trump announced hefty tariffs. The STOXX 600 fell 2.7%, with significant losses in German, Italian, and French stocks. Investors moved to safer assets amid market volatility.
European shares sink as Trump's aggressive tariffs threaten economic growth
European shares hit a two-month low as new U.S. tariffs heighten economic growth concerns. Germany's stocks dropped 1.8%, with Wall Street futures down 3.1%. U.S. President Trump's tariffs impact trade with the EU and China. Eurozone banks fell 3.5%, Adidas and Puma plummeted over 9%, and luxury goods firms experienced declines. ECB rate cuts are now anticipated.
Against US tariff hand, EU holds 'lot of cards'
The US intends to impose sweeping tariffs on global partners as soon as Wednesday. Trump has said the measures will rectify tariffs as well as non-tariff barriers that he says are unfair, such as domestic regulations and how countries collect taxes, including the EU's value-added tax. The EU says its VAT is a fair, non-discriminatory tax that applies equally to domestic and imported goods.
Eurozone inflation slows to 2.2% in March
Inflation in the eurozone slowed to 2.2 percent in March, down from February's 2.3 percent, largely due to lower energy tariffs and service sector prices. The European Central Bank, responding to these economic conditions, recently cut its benchmark deposit rate to 2.5 percent to stimulate growth, though potential US trade tariffs might pose new risks.
Rupee surges amidst dollar weakness: What’s driving the rally?
Global markets are witnessing the unwinding of Trump-era trades, with U.S. treasury yields cooling, the dollar weakening, and equities correcting. Key themes include trade policies, defense spending, and central banks diversifying reserves, driving gold to record highs.
European shares rise ahead of business activity surveys
European shares rose on Monday, as investors geared up for business activity data out of some of the biggest economies in the region while awaiting more clarity on U.S. tariffs.
Gold marks third consecutive weekly gain, eyes $3,100 target
Spot gold closed at $3023 on March 21, experiencing a loss of 0.68% amid a firmer US Dollar. Despite the drop, it gained about 1.5% weekly, marking its third consecutive weekly rise. Gold had surged to a record $3057 earlier, spurred by the FOMC’s monetary policy announcement. The outlook remains bullish with eyes on $3100.
What's in Germany's giant spending 'bazooka'?
Germany's substantial spending plan aims to enhance its military and modernise infrastructure, with a 500-billion-euro fund over 12 years. The initiative emphasises bolstering defence, fixing outdated infrastructure, and addressing economic challenges. Analysts believe reforms are necessary for sustained growth despite the fiscal boost. The package signifies a shift for traditionally debt-averse Germany.
ETMarkets Smart Talk: Ambit’s portfolio shift - FMCG, Healthcare get higher allocation amid volatility
As macroeconomic uncertainties, interest rate movements, and global trade tensions shape market sentiment, Ambit has increased its allocation to defensive sectors like FMCG and healthcare.
Gold, silver hit record highs; consolidation likely but bullish trend intact
Gold and silver prices surged to record highs, driven by trade tensions, inflation data, and a weaker dollar. While some consolidation is expected, the overall bullish trend remains intact, with investors advised to adopt a buy-on-dips strategy.
Golden chance to buy gold & silver? Motilal Oswal recommends buying on dips
After the sharp rally, domestic brokerage Motilal Oswal believes gold and silver prices may experience some consolidation. However, the overall outlook for both remains bullish.
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