FLASH
Shkruar nga Pamfleti
From these declines before Trump's tariffs were even applied, European stock markets have lost a full $245 billion.
Negative day for European stock markets. EU markets are feeling the effects of the imminent implementation of US tariffs, scheduled for April 2nd.
Among individual German stocks, negative performance was recorded by 'BMW' with (-3.22%), 'Mercedes Benz' fell by (-2.84%), 'Airbus' fell by (-1.78%). In London, 'IAG', the Anglo-Spanish multinational company that controls British Airways and Iberia, fell by (-6.62%). In Paris, it is worth mentioning Louis Vuitton with a fall (-2.49%) and Pernod Ricard with a fall (-2.8%).
Of these declines, even before Trump's tariffs were applied, European stock markets have lost a whopping $245 billion. Therefore, the tariffs announced by Donald Trump are hitting European stock markets like an axe. The 'Stoxx 600', the stock index that includes 600 major European stocks, recorded a decline of (1.5%), marking a loss of $245 billion.
Europe risks drowning in the stock market too
Financial markets continue to navigate this period of uncertainty caused by the measures adopted by the new US administration and to minimize their possible effects on the global economy. Even European stock markets, which for several months had been traveling on a more optimistic path than Wall Street, have begun to suffer.
" As we approach April 2, the date when we expect to have details on the tariffs imposed. European markets are not free from uncertainty and volatility, their better performance against the US is partly offset by the expectation of better visibility on the tariff front and the necessary confirmations on the fiscal front ," said Antonio Cavarero, Chief Investment Officer at Generali Asset Management.
The tariff war continues
Looking at Donald Trump's tariff plan in detail, the US president, according to the Wall Street Journal, is considering universal tariffs of 20% for all countries that trade with the US. At the same time, however, the tariffs, according to the tycoon, will be milder than those these countries have given to the United States of America over the decades. So, uncertainty still reigns on the trade front, while on the geopolitical front, tensions between the United States and Russia seem to be rekindling.
Energy and currencies
In the foreign exchange market, the euro and the dollar have fallen. On the energy front, crude oil has increased by (+0.3%) to $69.55 per barrel. Natural gas has decreased by (-1.8%). Gold, on the other hand, reached a new high, increasing by (+1.1%). How the figures will move after April 2nd remains to be seen, but uncertainty is at its peak./ Adapted from "Pamphlet" by "Corriere Della Sera"
Lini një Përgjigje