Europe stocks close lower as earnings dampen rally following soft U.S. inflation data; BT up 17%
European stocks closed lower Thursday as a slew of earnings weighed on a relief rally for global markets following softer-than-expected U.S. inflation data.
Markets underestimate geopolitical risk as raft of elections looms, ECB’s De Guindos says
The European Central Bank’s Financial Stability Report said that interest rate expectations have created the “potential for outsized market reactions.”
Gold, silver and platinum’s red-hot rally still has further to go, strategists say
Gold, silver and platinum prices have been on a tear so far this year. Strategists say it’s not over yet.
BT shares soar as British broadband provider targets another £3 billion in cost cuts
Shares of British telecom company BT Group surged Thursday, on the back of the firm announcing further cost-cutting.
Meta slapped with child safety probe under sweeping EU tech law
Facebook parent company Meta on Thursday was hit with a major investigation from the EU into risks of its platforms to minors.
EasyJet shares fall on profit miss, CEO departure
Shares of EasyJet fell more than 7% Thursday after the low-cost airline posted a slightly larger than expected pre-tax loss of £350 million.
China’s Baidu beats quarterly revenue estimates on ad recovery, cloud
China’s Baidu beat analysts’ estimates for first-quarter revenue on Thursday, driven by a recovery in advertising sales and higher demand for cloud products.
U.S. inflation data fuels bets of Fed rate cuts as early as September — but analysts aren’t convinced
Traders appear increasingly confident that the U.S. Federal Reserve could start cutting interest rates as early as September.
China announces 15-day visa-free stay in select provinces for cruise travelers to boost tourism
Travelers can now stay in China up to 15 days visa-free when entering via cruises, the government announced Wednesday, as part of efforts to woo tourists.
Microsoft offers relocation to hundreds of China-based AI staff amid U.S.-China tech tensions
Microsoft has reportedly asked employees at its China-based cloud-computing and artificial-intelligence operations to consider relocation outside of China.
