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Tesla Stock Gains As Musk Plans DOGE Cutback, Despite Weak Q1
Shares of Tesla, Inc. were gaining around 7 percent in the pre-market hours on the Nasdaq, continuing an upbeat activity on Tuesday's after-hours, after CEO Elon Musk announced that he will reduce time with President Donald Trump's Department of Government Efficiency or DOGE significantly, starting in May. The announcement on the luxury electric vehicle maker's earnings call came after reporting..
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CAC 40 Up Nearly 2.5% As Stocks Rally On Positive Global Cues
French stocks are up sharply on Wednesday with investors reacting to U.S. President Donald Trump's softer tone toward Federal Reserve Chair Jerome Powell, and his admission that the 145% tariffs on China are "very high" and they will come down substantially.
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Pound Slides On Weak UK PMI Data
The British pound weakened against other major currencies in the European session on Wednesday, after the U.K. private sector activity deteriorated for the first time in one-and-a-half years in April amid weaker foreign demand linked to tariff uncertainty.
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Pound Slides Against Majors
The British pound weakened against other major currencies in the European session on Wednesday.
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French Private Sector Downturn Worsens
France's private sector activity came under renewed pressure in April due to pronounced demand weakness in the domestic market and sharp deterioration in confidence, flash survey data from S&P Global showed on Wednesday. The HCOB composite output index registered 47.3 in April, down from 48.0 in March. The reading was expected to ease to 47.8.
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Sensex, Nifty Follow Global Peers Higher; IT Stocks Take Lead As Tariff Worries Ease
Indian shares rose notably on Wednesday due to easing trade tensions and U.S. President Donald Trump's softer stance towards the Fed chairman.
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DAX Rises 3% As Trump Tones Down Rhetoric On Powell, Tariffs; SAP Surges On Results
German stocks are rising sharply on Wednesday, buoyed by some upbeat corporate earnings updates, and a somewhat softer tone from U.S. President Donald Trump on the tariff issue, and toward Federal Reserve Chair Jerome Powell.
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European Shares Rally As Trump Comments Help Ease Fed, Trade Worries
European stocks rose sharply on Wednesday after U.S. President Donald Trump toned down his rhetoric on Jerome Powell, saying he would like to see him be a little more active in terms of his idea to lower interest rates but have no intention to fire him.
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Asian Shares Follow Wall Street Higher As Trump Backs Off Threat To Fire Fed Chief
Asian stocks followed Wall Street higher on Wednesday after U.S. President Donald Trump backed down from threats to dismiss Federal Reserve Chair Jerome Powell and also signaled that 145 percent tariffs on Chinese imports will "come down substantially".
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European Economic News Preview: Eurozone Flash PMI Data Due
Flash composite Purchasing Managers' survey from the euro area and the UK are the top economic news due on Wednesday. At 2.00 am ET, the Office for National Statistics releases UK public sector finance data for March. The budget deficit is seen at GBP 15.4 billion compared to GBP 10.7 billion in February.
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European Shares Set To Rise As Trade Tensions Ease
European stocks may open on a buoyant note Wednesday as optimism grew over a potential easing of trade tensions between the U.S. and China and U.S. President Donald Trump said he had no intention of firing Federal Reserve Chair Jerome Powell, helping calm investor concerns over the Fed's independence.
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Indian Rupee Falls To 2-day Low Against U.S. Dollar
The Indian rupee weakened against the U.S. dollar in the Asian session on Wednesday, as terrorist attacks in Kashmir, India, weighed on sentiment.
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Commodity Currencies Rise Amid Hopes For US-China Trade Deal
The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against other major currencies in the Asian session on Wednesday, after U.S. President Donald Trump said tariffs on China would be trimmed down from the current 145 percent rate. Reports also indicate that Treasury Secretary Scott Bessent told a closed-door investor summit he expects the trade dispute between the U.S. and China to de-escalate.
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