European stocks underperform global peers amid Trump's victory
Despite a broad rebound in European stock markets on Thursday, major benchmarks remained under pressure following Trump's victory in the US election on a weekly basis.
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Despite a broad rebound in European stock markets on Thursday, major benchmarks remained under pressure following Trump's victory in the US election on a weekly basis.
Many Big Tech leaders congratulated Donald Trump on his election win this week, with the incoming US president likely to impact industry regulation.
The eurozone can expect a 0.5% hit to real GDP due to Trump's victory in the US presidential election, predicted economists at Goldman Sachs.
Good Morning Britain viewers were all left with the same sentiment just minutes into the latest ITV breakfast show. Adil Ray and Charlotte Hawkins resumed their presenting roles on Friday (November 8), waking up the nation with the most significant news headlines from around the world.
European stock indices rose on Thursday, erasing losses from the recent Trump-led selloffs. The pan-European Stoxx 600 gained 0.62%, the DAX increased by 1.7%, and the CAC 40 climbed by 0.76%.
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The US Federal Reserve cut its benchmark interest rate by 0.25 percentage points on Thursday, bringing the federal funds rate to a range of 4.5% to 4.75% — its lowest level since February 2023.