(RTTNews) - European stocks were mixed in cautious trade on Friday as a global rally in artificial intelligence-related stocks fizzled out and investors kept a wary eye on the latest developments in the Middle East.
(RTTNews) - European stocks were mixed in cautious trade on Friday as a global rally in artificial intelligence-related stocks fizzled out and investors kept a wary eye on the latest developments in the Middle East.
da-kuk Euro Area GDP contracted 0.2% Q/Q in Q1 2026, lower than estimates of a 0.1% rise. GDP expanded 0.3% Y/Y in Q1 2026, below the consensus of 0.8%. More on Euro Area EUR/USD Finds Support As ECB Hawkishness Offsets Fed Strength Ahead Of NFP EWI: Still Cheap, But Italy Is Up Against Stagflationary Conditions May Euro Area Inflation: Core Inflation Reaccelerates European markets turn lower trac...
da-kuk Euro Area GDP contracted 0.2% Q/Q in Q1 2026, lower than estimates of a 0.1% rise. GDP expanded 0.3% Y/Y in Q1 2026, below the consensus of 0.8%. More on Euro Area EUR/USD Finds Support As ECB Hawkishness Offsets Fed Strength Ahead Of NFP EWI: Still Cheap, But Italy Is Up Against Stagflationary Conditions May Euro Area Inflation: Core Inflation Reaccelerates European markets turn lower tracking global weakness in chip stocks France's trade gap shrinks in April
Every now and then, Beijing unleashes unexpected crackdowns on business. This decade has seen aggressive campaigns to rein in powerful private enterprises, from tech to education and property developers. The latest arena to come under scrutiny is cross-border flows , and the companies that facilitate and benefit from such capital leakage. In recent weeks, regulators have threatened severe penaltie...
Every now and then, Beijing unleashes unexpected crackdowns on business. This decade has seen aggressive campaigns to rein in powerful private enterprises, from tech to education and property developers. The latest arena to come under scrutiny is cross-border flows , and the companies that facilitate and benefit from such capital leakage. In recent weeks, regulators have threatened severe penalties for brokers based overseas for allegedly operating on the mainland without a license. Officials vowed to confiscate all “illegal gains” from their domestic and overseas entities. Tax officials are targeting wealthy individuals, who face levies of up to 20% on investment gains, along with potential penalties for overdue payments. Hong Kong — and its role as an offshore financial center — is in focus. Citic Securities estimates the clampdown could affect as much as HK$250 billion ($32 billion) of assets in the former British colony. On Thursday, shares of HSBC and AIA tumbled after a media report said that some banks have suspended opening Hong Kong bank accounts for clients in mainland China that could be used for overseas investments. The chill is deepening. Private banks are postponing events in China and discouraging staff travel. UBS’s mid-year wealth outlook, originally scheduled to take place this month in mainland China, is said to be postponed. A China-based event by HSBC is still proceeding but non-essential mainland travel for Hong Kong-based private bankers is being discouraged. Beijing’s caution is understandable. Outflows by residents reached an estimated record of $807 billion last year, according to data from the Institute of International Finance. Meanwhile officials are seeking to shore up local government revenue hit by the property market slump — a downturn which is partly responsible for China’s rich turning to overseas investments. How far China is prepared to go to stem such flows isn’t known, but previous campaigns show such scrutiny is rarely short-...