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Business
HSBC plans multibillion share buyback as profits drop in first quarter
HSBC has announced a multibillion-dollar share buyback plan despite a decline in profits and revenue. The bank stated that economic uncertainties are weighing on business growth, expecting a low single-digit percentage direct impact on group revenue.
Economy
European markets rise as Trump prepares tariff reduction on auto parts
The White House has confirmed President Trump’s plan to reduce tariffs on auto parts for cars made in America, just days before the exemption on 25% import levies expires. Global markets continue their week-long winning streak, with major European indices opening higher.
Markets
Gold’s record rally stalls on hopes of easing global trade tensions
Gold retreated sharply from an all-time high in the past week as risk-aversion sentiment abated following Trump’s softened tone on China tariffs. While the price drop may continue in the near term, analysts expect gold to extend its long-term rally due to ongoing uncertainties.
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Markets
Euroviews. How investors can navigate European markets through uncertainty
Credit spreads have widened, but so far, only to their five-year historical average levels, not nearly to the wides seen during the pandemic period and after Russia's full-scale invasion of Ukraine in early 2022, Gordon Kerr writes.
Markets
European stocks to rise as Trump hints at return of electronic tariffs
The euro surged further against the US dollar, and European stock markets are set to open higher as the White House exempts electronics from the reciprocal tariffs. However, US President Donald Trump and his team hinted that the exemption would only be temporary.
Markets
Euro soars to 3-year high as investors flee US assets over tariff woes
The euro surged to a three-year high against the US dollar amid tariff-driven market volatility, as investors offloaded US assets and sought safety in haven currencies. Despite renewed sell-offs on Wall Street, European stock markets are poised to open higher.
Markets
Trump tariff shock rattles markets as investors fear global trade war
Global markets sank as Trump imposed sweeping new tariffs on top US trade partners, sparking fears of retaliatory moves and a global slowdown. Stocks tumbled, bonds rallied, the euro hit a six-month high, and oil prices slumped.
Markets
Euro surges toward five-month high after Trump ‘Liberation Day’ speech
The euro surged to a nearly five-month high against the US dollar following Trump’s tariff announcement. The greenback weakened against most other currencies as US government bond yields slumped on a deteriorating economic outlook. Meanwhile, the reciprocal tariffs rattled global markets.
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