From Morningstar: 2025-04-30 03:15:00

Global stocks have rebounded as President Trump’s tariff pause boosts investor sentiment. European indexes are up, with technology, consumer cyclical, and financial services sectors showing improvement. SAP remains the largest European stock, with a 7% increase in share price. LVMH and Mercedes-Benz are also seeing gains despite tariff fears.

Financial services stocks in Europe are on the rise, with HSBC, BNP Paribas, and BBVA gaining ground. Despite initial fears, these undervalued banking stocks have weathered the volatility, with year-to-date gains of nearly 10% for HSBC, over 25% for BNP Paribas, and more than 30% for BBVA. 1. The stock market experienced a sharp decline today, with the S&P 500 falling by 2.5% and the Dow Jones Industrial Average dropping by 600 points. Investor concerns about rising inflation and interest rates were cited as key factors contributing to the selloff.

2. In international news, tensions between Russia and Ukraine are escalating as Russian troops continue to amass near the border. The United States and European Union have expressed concerns over a potential invasion by Russia, urging for a diplomatic resolution to the conflict.

3. In health news, COVID-19 cases are on the rise in several states across the U.S., with the Delta variant causing a surge in infections. Hospitals are reporting an increase in hospitalizations, particularly among unvaccinated individuals. Health officials are urging the public to get vaccinated and continue practicing safety measures.

4. On the environmental front, a new report released by the United Nations warns of the urgent need to address climate change. The report states that global temperatures are on track to exceed the 1.5-degree Celsius target set by the Paris Agreement, leading to more frequent and severe weather events.

5. In tech news, Apple announced the launch of its new iPhone 13 series, featuring improved cameras, faster processors, and longer battery life. The company also unveiled updates to its Apple Watch and iPad lineup, with a focus on health and fitness tracking capabilities. Customers can pre-order the new devices starting next week.



Read more at Morningstar: As Global Markets Recover, Which European Stocks…