European Movers: ThyssenKrupp (TKA GY) +0.4%, Recordati (REC IM) +0.4%, BMW (BMW GY) -2.00%, Stabilius (STM GY) -1.8%, Volkswagen (VOW3 GY) -1.8%, Stellantis (STLAM IM) -0.7%
The movements in European equities show mixed sentiment, particularly in the automobile sector where BMW and Volkswagen have notably declined by 2% and 1.8% respectively.
Spanish S&P Global Manufacturing PMI (Apr) 51.7 vs. Exp. 49.5 (Prev. 48.7)
EUROPEAN OPEN: Trump threatens EU automakers with 25% tariffs; TKA GY and Jindal pause steel stake talks; REC IM takeover draws GBL and CVC interest; GME offers to buy EBAY for USD 56bln; UCB BB acquires IMIDomics patient insight business
European Movers: ThyssenKrupp (TKA GY) +0.4%, Recordati (REC IM) +0.4%, BMW (BMW GY) -2.00%, Stabilius (STM GY) -1.8%, Volkswagen (VOW3 GY) -1.8%, Stellantis (STLAM IM) -0.7%
Turkish Inflation Rate MoM (Apr) M/M 4.18% vs. Exp. 3.28% (Prev. 1.94%)
Turkish Inflation Rate YoY (Apr) Y/Y 32.37% vs. Exp. 31.25% (Prev. 30.87%)
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This may reflect concerns over demand or external pressures impacting these manufacturers, while ThyssenKrupp and Recordati's slight gains suggest resilience in their sectors. It's important to watch if these trends persist, as they could influence broader market sentiment and sector performance across Europe.
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