{"id":136831,"date":"2025-01-24T09:10:19","date_gmt":"2025-01-24T07:10:19","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/european-markets-reach-a-new-high-following-trumps-remarks-in-davos\/"},"modified":"2025-01-24T09:10:19","modified_gmt":"2025-01-24T07:10:19","slug":"european-markets-reach-a-new-high-following-trumps-remarks-in-davos","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/en\/news\/european-markets-reach-a-new-high-following-trumps-remarks-in-davos\/","title":{"rendered":"European markets reach a new high following Trump\u2019s remarks in Davos"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\" method=\"post\" data-trp-original-action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button\" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/en\/wp-json\/wp\/v2\/posts\/136831\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\n<p>European stock markets extended a multi-session winning streak following President Trump\u2019s speech in Davos. While the banking sector led broad gains, energy stocks remained under pressure. European stock markets extended their gains on Thursday following US President Donald Trump\u2019s speech at his first virtual appearance at the World Economic Forum in Davos, Switzerland. He demanded that global interest rates be reduced and urged OPEC to lower oil prices. He also called for deregulation of banking rules.<\/p>\n<p>The Euro Stoxx 600 rose 0.46% to \u20ac530.50, extending a seven-session winning streak to a new record high. The DAX climbed 0.74%, marking its eighth consecutive session of gains after repeatedly hitting new highs over the past seven trading days. The French CAC 40 advanced 0.7% to its highest level since 11 June, and the FTSE 100 was up 0.23%, also closing at a record high.<\/p>\n<p>The European banking sector (SX7P) rose 1.83%, leading the gains in the Euro Stoxx 600. Major financial stocks saw strong performances, with HSBC shares up 0.77% to their highest level since 2000, UBS rising 0.38% to a 16-year high, UniCredit climbing 2.53%, and Banco Santander advancing 2.45%.<\/p>\n<p>Trump encouraged investment in the US by promising lower taxes and looser regulations. During a question-and-answer session, he urged US banks, particularly targeting Bank of America and JPMorgan Chase, to stop blocking political accounts. Trump also criticised European regulators for being too tough on US tech companies and oil producers.<\/p>\n<p>Trump\u2019s presidency is expected to benefit the banking sector due to his stance on loosening regulations for large lenders. He may urge to reduce capital requirements\u2014the minimum amount of capital a bank must hold as mandated by regulatory authorities\u2014and relax administrative processes. Such measures would encourage major banks to increase returns to shareholders through share buybacks and dividends.<\/p>\n<p>European energy stocks extended losses as oil and gas prices continued to decline, following President Trump\u2019s call on Saudi Arabia and OPEC to reduce prices on Thursday. Shell\u2019s shares fell 0.48%, BP\u2019s dropped 0.59%, and Total Energies slipped 0.43%. The three largest European oil and gas producers have seen their shares decline throughout the week, mirroring trends in the oil markets. Crude oil futures fell for the fourth consecutive trading day since Trump\u2019s inauguration. WTI futures declined 1.09% to $74.62 per barrel, while Brent futures slid 0.9% to $78.29 per barrel, both reaching a two-week low.<\/p>\n<p>President Trump suggested that high oil prices were funding Russia in the Ukraine war. \u201cI\u2019m also going to ask Saudi Arabia and OPEC to bring down the cost of oil,\u201d he said on Thursday at Davos. \u201cIf the price came down, the Russia-Ukraine war would end immediately.\u201d<\/p>\n<p><a rel=\"noopener\" href=\"https:\/\/www.euronews.com\/business\/2025\/01\/24\/european-markets-reach-a-new-high-following-trumps-remarks-in-davos\">Read more&gt;&gt;<\/a><\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.euronews.com\/business\/2025\/01\/24\/european-markets-reach-a-new-high-following-trumps-remarks-in-davos\">Euronews Business<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/vau-viikkokatsaus\/european-markets-reach-a-new-high-following-trumps-remarks-in-davos\/\">European markets reach a new high following Trump\u2019s remarks in Davos<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[17697,3873,606,607,608],"class_list":["post-136831","post","type-post","status-publish","format-standard","hentry","category-news","tag-european-markets","tag-trump","tag-vau_viikkokatsaus","tag-vauen","tag-vaufien"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/136831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/comments?post=136831"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/136831\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/media?parent=136831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/categories?post=136831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/tags?post=136831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}