{
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european markets set for lower open amid mixed manufacturing data

European markets are set to open lower, with the U.K.'s FTSE 100 expected to drop 2 points, Germany's DAX down 19, France's CAC down 41, and Italy's FTSE MIB down 167. In China, manufacturing activity expanded in November, with the Caixin/S&P Global PMI at 51.5, indicating growth, while India's automaker launched two competitively priced electric vehicles, potentially boosting its stock. The S&P 500 has not seen a correction this year, up over 26% in 2024, as investors show little interest in non-U.S. equities amid discussions of American exceptionalism.
CNBC
United States Dollar CHN IND GBR DEU FRA ITA Yundi Li Chris Wood Lisa Han Lee Ying Shan Ganesh Rao Show more
Finance & Economy, Market Report
06:46 02.12.2024

european markets open lower as investors react to trump tariff plans

European markets are set to open lower as investors react to potential tariff increases from President-elect Donald Trump, who plans to impose a 10% tariff on all Chinese goods and 25% on products from Mexico and Canada. Gold prices fell nearly 3.5% following these announcements, while buyback strategies in Europe continue to show strong performance despite the overall market gloom. Meanwhile, the Dow Jones and S&P 500 reached all-time highs, buoyed by optimism surrounding Trump's Treasury pick, Scott Bessent.
CNBC
United States Dollar Euro Barclays LBN USA CAN FRA DEU MEX ISR GBR Karen Gilchrist Scott Bessent Donald Trump Lee Ying Shan Evelyn Yu-Tong Cheng Nicky Shiels Show more
Finance & Economy, Market Report
07:56 26.11.2024
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