Shares in aircraft manufacturers Airbus and Boeing lifted off on Tuesday, ahead of the expected settlement of a long-running trade dispute between the...
Shares in aircraft manufacturers Airbus and Boeing lifted off on Tuesday, ahead of the expected settlement of a long-running trade dispute between the European Union and U.S. over state aid to the two groups.
A formal announcement on the agreement is expected on Tuesday, after an accord was sought among EU member states on Monday, according to Bloomberg. A settlement also paves the way for lifting a cumulative $11.5 billion in tariffs between the U.S. and EU on each other’s exports.The news met an upbeat day for markets in Europe as stocks traded at all-time highs.
“Markets appear to be taking the line of least resistance, which is a slow incremental move higher with a ‘two steps forward and one step back’ approach, over the past week or so,” said Michael Hewson, an analyst at CMC Markets.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. and EU Near Deal on Boeing-Airbus Trade FightThe move to end the longest and most costly spat in the history of the WTO would significantly reduce trade tensions between the two giant and deeply interlinked economies.
Read more »
Boeing and Airbus Meet New Competition: Their Own Used PlanesHeard on the Street: While the price of older used jets has stabilized, modern wide-body models keep getting cheaper. This may force plane makers to discount more aggressively.
Read more »
U.S. and EU Near Deal on Boeing-Airbus Trade FightThe move to end the longest and most costly spat in the history of the WTO would significantly reduce trade tensions between the two giant and deeply interlinked economies.
Read more »
Street racing, space and sad deaths - 20 years of The Fast & The FuriousThis summer marks 20 years since we were first introduced to The Fast Saga. With the ninth film out now, we take a look at how The Fast & The Furious first shattered box office expectations in 2001 to become one of the biggest franchises of all time.
Read more »
17-year-old American Tyler Downs becomes Olympic diver after winning Sunday's trialsAmerican diver David Boudia, who is a hero of Tyler Downs, finished one spot out of Olympic qualifying.
Read more »
Trendalytics: Lipstick Searches Soar Amid Pandemic RecoveryFollowing the lifting of mask mandates, search traffic for lip cosmetics skyrocketed, in one case, over 1,000 percent year-over-year.
Read more »