Sino - US trade tensions
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European Shares Seen Lower With US-China Tensions In Focus
RTTNews· 2025-10-23 05:33
Group 1: Market Reactions - European stocks are expected to open slightly lower due to reports of the Trump administration considering export curbs to China, which may escalate trade tensions [1] - U.S. stocks ended lower as Netflix reported weaker than expected third-quarter earnings and Texas Instruments provided disappointing Q4 guidance [5] - Asian markets were broadly lower, influenced by rising Sino-U.S. trade tensions and stalled Ukraine peace talks [2] Group 2: Company-Specific Developments - Tesla reported third-quarter revenue that exceeded expectations, but earnings fell short of estimates [1] - IBM's stock fell by 4 percent after the company reported disappointing revenue in two key software categories [2] - The tech-heavy Nasdaq Composite declined by 0.9 percent, reflecting broader market concerns [5] Group 3: Commodity Market Movements - Gold prices fell for the third consecutive day, dropping below $4,100 an ounce due to profit-taking ahead of key U.S. inflation data [3] - Oil prices increased nearly 4 percent, marking gains for three consecutive sessions, following U.S. sanctions on Russia related to the Ukraine conflict [3][4]