Swiss lender’s market capitalisation has been hit harder by US tariffs than Spanish rival
Investors shift focus from fiscal stimulus to prospect of recession as indices give up gains
Also in this newsletter: Foot-and-mouth disease returns to central Europe
Asian and European indices and US futures fall in wake of worst week for Wall Street equities since pandemic
Ulf Kristersson calls for EU capital markets union to put halt to exodus of homegrown companies
Carmakers’ shares drop as Asian, European and North American countries respond to US president’s latest measures
Amundi to join flurry of ETF launches as once-shunned sector returns to favour
Milestone caps a 40% rally in past year for German software group
Control over Moscow’s blocked foreign reserves empowers the EU to shape how the Ukraine war ends
The very tight rein in all aspects of policy — fiscal, monetary and regulatory — is easing
Small traders have piled in to defence companies targeted by short sellers, in an echo of 2021’s GameStop trade
Region’s new growth story comes as US stumbles
Euronext’s plan to consolidate ETF trading on to one of its seven bourses would cut costs, senior executive says
Threat to global growth from Trump’s trade tariffs sparks ‘bull crash’ in fund manager sentiment
FT analysis finds that while liquidity usually improves, adding a New York listing does not always boost multiples or coverage
Stephan Leithner says EU should take advantage of investors switching into region’s markets away from US
Wall Street ending bruising week on front foot, but worries about economic impact of tariffs linger
It’s been a valuation game so far. Time for companies to invest big
Donald Trump’s latest trade broadside against Canada sparks renewed declines in volatile session
Plus Germany’s fiscal space and European equities
Tesla gives up all its post-election gains as tech-focused Nasdaq Composite sinks 4%
Say the word Alphaville . . .
Let’s hope you purchased loads of them — I didn’t and here’s why
European assets were predicted to suffer under Trump but are now surging
Outflows are in contrast to the US where flows to US equity ETFs represented nearly half of the total accrued
