Stocks Tumble
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European stocks fell on Thursday as concerns over U.S. fiscal health kept Treasury yields elevated, while data showing weak euro zone business activity added to the gloom.
The pan-European STOXX 600 index rose 0.3% by 0721 GMT, on course for its sixth straight week of gains. The UK's blue-chip FTSE 100 rose 0.4% after data showed British retail sales jumped more than expected in April.
On Wall Street, stock futures were little changed as investors continued to monitor elevated U.S. Treasury yields.
While not the biggest players in the massive $29 trillion U.S. Treasury market, European owners control over 5% of the outstanding supply, according to a tally from BNY on Friday. On Friday, President Donald Trump threatened 50% tariffs on European Union goods,
(Reuters) -European stocks retreated from two-month peaks on Wednesday, weighed down by a drop in Julius Baer shares after the Swiss bank revealed credit portfolio charges, while investors kept an eye on U.S. trade developments and tax bill debate.
European stocks pull back on inflation, credit concerns, and geopolitical risks. Stay updated on market trends, EU-UK agreements, and bond yields.
European stocks sunk Thursday, as the Stoxx Europe 600 index STOXX Europe 600 Index closed down 0.64% to 550.27. Supported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights,
Some Wall Street strategists are betting European stocks will enjoy their best performance relative to the US in at least two decades as the region’s economic outlook improves.