"European markets took on a largely indecisive tone in early trade on Monday, coming off the back of an Asian session that saw positive moves for Chinese assets in particular. A "very good call" between Trump and Xi this week provides a rare trade-related boost, with the two seeking more regular communication lines that should help avoid the kind of standoff that saw tariffs rise to 145% earlier in the year."
"US tech stocks have enjoyed a strong start to the week, with Alphabet particularly in the limelight after soaring into fresh highs. The release of Gemini 3 has been greeted with optimism, and comments from Salesforce CEO Marc Benioff that he is moving across from ChatGPT highlights the perceived quality of the product. Meanwhile, the $4.3 billion Berkshire Hathaway acquisition of Alphabet shares stands out as an anomaly given Warren Buffett's focus on value."
European markets opened largely indecisively after an Asian session that showed strength in Chinese assets. A "very good call" between Trump and Xi helped restore trade-related communication and reduce the immediate risk of tariff escalation. A handful of mining and financial stocks gained while many FTSE 100 names traded flat, reflecting market uncertainty over whether the US recovery will persist. Caution surrounds the upcoming UK budget amid speculation about tax hikes, which could trigger a sell-the-rumour, buy-the-fact reaction. US tech led gains as Alphabet rallied on Gemini 3 and Berkshire Hathaway acquired $4.3 billion of Alphabet shares, bolstering confidence in Alphabet despite valuation questions.
Read at London Business News | Londonlovesbusiness.com
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