European markets closed lower as oil prices rose and US-Iran tensions fueled fears of inflation and hindered peace prospects. Frankfurt fell 1.3%, Paris 0.7%, and London 0.4%.
Crude oil prices rose in early trading Monday amid escalating Israeli troop movements into Lebanon, fueling fears of a wider conflict. European markets showed mixed performance, while US stock futures were flat after Wall Street hit record highs on Friday, largely driven by tech stocks.
European stock markets closed higher, with Frankfurt up 1.15%, Paris 0.37%, and London 0.22%, driven by news suggesting an imminent peace agreement between Iran and the United States.
A roundup of seven electric vehicle stories from the past two weeks, including Malaysia's import curbs and Chinese EVs entering European markets
European stocks are expected to buck the negative sentiment seen in Tuesday's session by opening higher on Wednesday.
The pace of electrification on western Europe’s roads is likely to fire up sales of Chinese-developed smart cars, where they could command a 20 per cent share of the regional market in 2028 at the expense of local peers, according to a JPMorgan forecast. Chinese carmakers from BYD, the world’s largest electric vehicle (EV) builder, to Stallentis-backed Leapmotor, were expected to deliver 2.5 million cars to customers in countries like Germany, Italy, France and the United Kingdom in 2028, a...
European stocks were largely mixed in Monday trade as investors digest the latest in U.S.-Iran peace negotiations.
European stocks opened largely mixed on Monday as investors digest the latest in U.S.-Iran peace negotiations.
European stocks are expected to open in mixed territory on Monday as investors digest the latest in U.S.-Iran peace negotiations.
For German consumer Erik Böhme, a first visit to the Beijing auto show was an eye-opener – the world’s largest car exhibition showcased a vast array of electric vehicle (EV) brands, many already gaining traction in Europe. “I think there will be more Chinese brands coming and being successful in Europe,” said Böhme, a freelance automotive consultant who spent two days at the event, which ran through May 3. Böhme was among 250 foreign media, clients and social media influencers invited by Geely...
During her visit to Baku, the Italian premier said she wanted Azerbaijan to strengthen its role as an energy hub between Europe and Asia, with Italy serving as "the privileged gateway to the European market."
European markets opened mixed Monday with the Stoxx 600 barely higher as telecoms rallied 1.6% but autos slumped 1.6% after Trump threatened 25% tariffs on EU cars. Nokia surged 7%, up 100% YTD, after Inseego acquired its fixed wireless access business. Continental fell 5.2% while Mercedes and Volkswagen dropped nearly 2%. The UK Maritime Trade Operations reported a vessel struck by projectiles near Fujairah, UAE.
European markets set to open lower as Trump threatens 25% tariffs on EU autos, with automakers down 1.2-2.2% pre-market. Meanwhile, Project Freedom aims to free ships in Strait of Hormuz amid reported vessel strike near Fujairah. Oil prices slip 0.8% with Brent at $107.38.
Chery's Jaecoo 7 became the UK's best-selling car in March, with 10,064 units sold, marking a significant milestone in Chinese automotive manufacturers' aggressive European expansion. The partly state-owned Chinese company, founded in 1997, has a cost advantage of around $8,000 per vehicle compared to European rivals, with materials costs 40% higher and labor costs four times higher in Europe. While the EU imposed 20.7% tariffs on Chinese electric cars, it notably excluded hybrids, allowing PHEVs to flood the market – with 75% of Chery's UK sales being plug-in hybrids.
Reports claim OnePlus and Realme have merged operations under a new sub-product center, combining domestic and global businesses with unified marketing and after-sales services. The merger, if accurate, deepens consolidation within the Oppo group as OnePlus evaluates its future in Europe. The timing follows OnePlus India's leadership change and significant shipment declines.
European stocks are expected to start the new week on a broadly positive footing as investors keep a close eye on stalled Iran-U.S. peace talks.
European stock markets traded lower Friday as uncertainty over US-Iran peace talks weighed on sentiment. The Stoxx 600 fell 0.5%, with mining stocks sliding 1.7%. SAP shares surged 6.4% after reporting 17% operating profit growth and 19% cloud revenue increase. Renault dropped 2.2% despite 7.3% revenue rise. Oil prices ticked higher on Middle East tensions, with Brent at $105.65.
European stock markets opened lower on Friday as investor sentiment was weighed by uncertainty over U.S.-Iran peace talks. The pan-European Stoxx 600 fell 0.6%, with London's FTSE 100 and Paris's CAC 40 down 0.3% and 0.4% respectively, while Germany's DAX was marginally higher. Oil prices rose 0.4% to $105.44 per barrel amid ongoing Middle East tensions.
Suzlon Energy announced its re-entry into the European market with the launch of a new "Blue Sky" turbine platform featuring 5 MW and 6.3 MW models designed for diverse wind conditions. The company aims to capitalize on Europe's estimated 17-20 GW repowering opportunities by offering cost-effective retrofit solutions that upgrade older turbines without major structural changes. This move is part of Suzlon's broader strategy to evolve into an integrated renewable energy solutions provider, expanding beyond wind to offer hybrid solutions combining wind, solar and battery storage.
