Stock Market News

Global Stocks Plunge on Trump Tariff Fears; $5.5B Fortnox Acquisition Bid

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Key Takeaways

  • Global stocks crushed amid Trump's tariff threats; Nikkei entered correction territory.
  • EQT and First Kraft offer $5.5B for Fortnox.
  • Aston Martin plans $161.8M raise amid tariff impact.
  • Reach PLC CEO Jim Mullen steps down; Piers North succeeds.
  • Keller Group initiates $32.4M share buyback program.

Global View

Global stocks crushed amid Trump's tariff threats; Nikkei in correction

On March 30-31, 2025, global stock markets experienced a significant downturn, with Japan's Nikkei entering correction territory after a 4% slump. This decline was largely attributed to concerns over potential tariffs initiated by former President Trump, impacting Asian and European markets.

Israel's TA 35 index closed down 1.37% on March 30

On March 30, 2025, the TA 35 index in Israel closed lower, registering a decrease of 1.37%, reflecting a negative sentiment in the Israeli stock market.

Company Spotlight

EQT and First Kraft offer $5.5B for Fortnox

On March 31, 2025, EQT and First Kraft made a joint offer to acquire Fortnox, valuing the company at $5.5 billion, signaling a significant potential acquisition in the market.

Aston Martin plans $161.8M raise amid tariff impact

On March 31, 2025, Aston Martin announced plans to raise $161.8 million from investments, anticipating the impact of potential U.S. tariffs on its business operations.

Reach PLC CEO Jim Mullen steps down; Piers North succeeds

On March 31, 2025, Reach PLC announced that CEO Jim Mullen is stepping down from his position, with Piers North taking over as the new CEO, a change that could influence the company's stock performance.

Keller Group initiates $32.4M share buyback program

On March 31, 2025, Keller Group announced the initiation of a multiyear share-buyback program with a total value of $32.4 million, reflecting confidence in the company's financial position.

Domain Holdings likely to back CoStar's $1.8B bid

On March 30, 2025, reports indicated that Domain Holdings in Australia is expected to recommend CoStar's $1.8 billion buyout bid, suggesting a positive outlook for the acquisition.

Toyota to maintain operations, costs amid U.S. tariffs

On March 31, 2025, Toyota announced its strategy to maintain current operations and costs in response to potential U.S. tariffs, aiming to minimize the impact on its business.

Economy Today

Shrinking US risk premium may boost European cash flow

On March 31, 2025, an analysis by Reuters suggested that a shrinking risk premium in the U.S. could lead to a diversion of investment cash flow into European markets, potentially boosting European economies.

Analyst Insights

Steel Dynamics upgraded, United States Steel downgraded by BMO

On March 31, 2025, BMO Capital issued a stock market update, upgrading Steel Dynamics while downgrading United States Steel, indicating a shift in their outlook for these companies.

HSBC remains 'positive on banks' amid uncertainty

On March 31, 2025, HSBC reaffirmed its positive stance on bank stocks, despite the prevailing economic uncertainty, indicating confidence in the banking sector's resilience.

Sector Watch

Biotech stocks tumble on FDA vaccine regulator's departure

On March 31, 2025, biotech stocks experienced a downturn following the announcement of the FDA's top vaccine regulator's impending departure, raising concerns about future vaccine approvals and regulatory stability.

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