Trump threatens Apple with a 25% tariff
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The "sell America" trade hasn't waned among global investors surveyed by JPMorgan even as US stocks have rallied back after April's tariff chaos.
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.
President Trump lashed out at Apple CEO Tim Cook as he wielded more tariff threats against the European Union pressuring U.S. stocks which are on pace for weekly losses. The 10-year Treasury yield hovered near 4.
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On Wall Street, stock futures were little changed as investors continued to monitor elevated U.S. Treasury yields.
(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,
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