$1 Billion in Crypto Liquidations as Trump’s Tariffs Trigger Market Sell-Off, CoinGlass Reports
Cryptocurrency markets saw over $1 billion in liquidations as traders faced heavy losses following a sudden market downturn.
Schaeffler sees no 2025 rebound for automotive market, losses in EV unit
(Reuters) -German machine and car parts maker Schaeffler on Wednesday joined other auto suppliers in giving a gloomy outlook for 2025, as it sees no rebound for the automotive market during the year. Europe's auto sector is being tested by multiple hurdles ranging from high production costs and managing the shift to electric vehicles (EV) to falling demand and rising competition from China. In particular, Schaeffler sees a negative 2025 operating (EBIT) margin for its e-mobility unit, at -14% to -17%, reflecting the scale of the challenges in the European EV market.
BlackRock's Bitcoin ETF Registers Highest Trading Volume in 3 Months
The ETF saw over $1 billion in outflows last week alongside a surge in trading volumes.
Stock market today: Dow, S&P 500, Nasdaq futures rise after Lutnick hints at possible tariff relief
US stock futures rose after Commerce Secretary Howard Lutnick hinted that President Donald Trump may provide a pathway to tariff relief.
France's Atos to launch reverse stock split to restore investor confidence
(Reuters) -Atos will launch a reverse stock split, likely to take effect by May 1, CEO Philippe Salle said on Wednesday, as the French group seeks to restore investor confidence following the completion of a vital financial restructuring plan last year. The reverse stock split plan was nearly unanimously approved at a general meeting in January. Atos reported annual revenue of 9.58 billion euros, down 5.4% year-on-year, missing its previous forecast, as market weakness and contract terminations weighed on its business.
Morning Bid: Tariffs stand out amid menagerie of market drivers
The raging Trump-led trade war - branded "dumb" by Canadian Prime Minister Justin Trudeau - certainly has investors' attention, keeping sentiment subdued across asset classes. For instance, one index of global equities has lost some 2% so far this week and Brent crude is plumbing six-month lows. But it's not as simple as that, with Wall Street poised to open higher following a sell-off on Tuesday, and futures indicating even bigger gains for European bourses.
Key Economic Takeaways From Trump's Speech To Congress
President Donald Trump called for new tax cuts, defended his controversial tariff policy and blamed his predecessor for the country's economic woes, during an address to a joint session of Congress Tuesday night.
Analysis-Italy looks to foreigners as retail bond market loses steam
Italy's campaign to put more of its huge public debt in the hands of small domestic savers will grow increasingly difficult, analysts say, but foreign investors lured by Rome's political stability and improving finances can plug any funding gap. Italy has been courting retail investors since the euro zone debt crisis in 2012 in the belief that they are less likely to withdraw their cash than foreigners at times of market stress. The strategy has been successful, raising around 245 billion euros ($257.52 billion) in a succession of bond issuances dedicated to the sector.
China’s NPC Offers a Mixed Bag to Markets Jolted by Trump Moves
(Bloomberg) -- China’s economic goals drew a mixed response from market watchers, with some lauding Beijing’s commitment to a growth target of about 5% and others ruing that the largely in-line projections lacked any major positive surprises.Most Read from BloombergHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’NYC’s Finances Are Sinking With Gauge Falling to 11-Year LowUS Tent
3 of the most striking moves on a wild day for markets
The S&P 500 and the Nasdaq tumbled after Trump's tariffs went into effect. The dollar also bucked expectations, dropping as trade-war fears climbed.