While oil futures continued their recent slide—offering a reprieve from wholesale inflation pressures—the broader sector struggled to find footing. Evonik Industries provided a rare bright spot for investors. The German chemicals processor boosted its annual growth forecast, citing a combination of aggressive cost-cutting measures, increased sales volumes, and higher pricing power.
President Trump intensified the mood on Friday, warning European nations of significant tariff hikes should they proceed with proposed levies on American technology firms. This geopolitical friction overshadowed the cooling energy costs, leaving transportation and industrial equities to retreat as investors recalibrated their exposure to global trade volatility.
Comments (0)
No comments yet. Be the first!