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Europe's STOXX 600 reached a record high, boosted by the U.S. Supreme Court's decision to strike down President Trump's tariffs. Investors welcomed the ruling, which eased trade uncertainty, while strong corporate earnings and a rebound in manufacturing also contributed to market gains. Luxury and banking sectors saw significant increases.
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The US dollar saw a dip on Friday. This followed a Supreme Court decision against President Trump's tariffs. US economic growth slowed last quarter. Inflation, however, showed a rise. The dollar index weakened against other currencies. Sterling and the Japanese yen also saw movements. Market expectations for Federal Reserve rate cuts were slightly impacted.
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News and Media
The ability of federal safety regulators to oversee airplane maintenance at United Airlines has been hindered by inadequate staffing, high employee turnover and the improper use of virtual inspections instead of on-site reviews in some cases, according to a government watchdog audit released Friday.
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News and Media
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