Wall Street slips following Trump's latest tariffs, despite solid economic data
- European shares fell to a two-week low due to declines in auto stocks, prompted by U.S. President Donald Trump's announcement of 25% tariffs on vehicles and auto parts.
- The European STOXX 600 index dropped 1%, with German auto stocks hit hardest as Volkswagen shares fell 3.6%.
- Germany's economy minister criticized the tariffs, warning they would harm both U.S. and European economies and called for negotiations.
- H&M reported weaker than expected first-quarter sales, with sales rising only 2% to 55.33 billion Swedish krona, below analyst forecasts.
153 Articles
153 Articles
Mike Mayo Sees Policy-Induced Paralysis Stinging Bank Earnings
Wall Street veteran Mike Mayo is sticking to his bullish call for US banks this year. It’s just the on-again, off-again swings of American trade policy of late are going to hurt the group’s earnings in the near term.
PSEi dips with even more Trump tolls
MANILA, Philippines – Anxiety over the United States’ latest trade policies gripped investors on Thursday, sending the local bourse down near the 6,100 mark and ending its brief exit from the red territory. By the end of the session, the benchmark Philippine Stock Exchange Index (PSEi) lost 0.43 percent, or 26.54 points, to close at
Wall Street closed this Thursday in red numbers, while markets continue to fall and are still undermined by recent 25 percent tariffs on foreign cars, imposed by Donald Trump's administration. Wall Street's stock indexes operated between losses and profits, to finally throw contractions of 0.53 percent for Nasdaq, which reached 17 thousand 804.04 points, the Dow Jones subtracted 0.37 percent, with 42 thousand 299.70 units, and 0.33 percent less …
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