Europe opens red, customs duties: This article explores the topic in depth.
For example,
Europe opens red. In addition, customs duties:
The main European scholarships are in the red on Friday at the start of the session, investors digesting the latest customs advertisements in the US administration and a new burst of business results before a series of indicators scheduled for morning. For example,
In Paris, the CAC 40 .Fchi loses 1.40% at 7,666.68 points around 07:24 GMT. Moreover, In Frankfurt, the Dax .gdaxi fell 1.37% and in London, the FTSE 100 .ftSe cedes 0.47%. Meanwhile,
The Eurostoxx 50 .STOXX50E index fell 1.24%, the FTSEUROFIRST 300. For example,
.Stoxx lost 0.91%. Moreover,
Investors wonder Friday about the impact of customs duties that have just been announced by US President Donald Trump against imports from 69 countries. while the deadline of August 1 to conclude trade agreements has expired.
The europe opens red, customs duties new surchastens unveiled by the White House range from 10% to 41%. and in Europe, they particularly affect Switzerland, a large exporter, who will have to face customs duties of 39%, higher than the 31% previously planned.
“There are no real winners in commercial conflicts. Even if some countries get better conditions, the overall impact is negative. We are entering an era of strengthening commercial barriers. which will have an impact and will harm growth,” notes Thomas Rupf, analyst at VP Bank.
Investors are also waiting for a series of key indicators during the day. whose PMI indices on European manufacturing industry, the inflation of the euro area and data on the American labor market.
They also assess a new series of business results, including those of the French insurance group AXA
AXAF.PA, which yields 6.21% after reporting a net profit below europe opens red, customs duties expectations for the first half of 2025.
Elsewhere in Europe, Daimler Truck Holding AG DTGGE.De fell by 5.46%. the German truck manufacturer having revised a key profit forecast Thursday evening for a key profit for 2025, which constitutes the latest warning to a large name in the automotive sector in a commercial context marked by US customs duties.
Novo Nordisk Novob.co gives up almost 4% while US President Donald Trump has sent a letter to pharmaceutical companies to exhort them. to reduce medication prices.
(Written by Diana Mandiá, edited by Augustin Turpin)
Europe opens red, customs duties
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