Nevertheless,
Ue -usa trade agreement: global:
The world’s stock markets finally welcomed Skepticism on Monday the announcement of a trade agreement between Washington. Furthermore, Brussels, European places fearing in particular the consequences of a compromise deemed unbalanced. In addition,
On the New York Stock Exchange, the Dow Jones fell 0.14%while the NASDAQ (+0.33%) and S&P 500 (+0.02%) indices grapples a few points to reach new records. In addition,
Questioned by AFP. Additionally, In addition, Angelo Kourkafas, by Edward Jones, evokes “a more moderate than mixed reaction” at the announcement of the agreement between the European Union (EU) and the United States. Nevertheless,
In question. Meanwhile, according to the analyst, the reception of a “good expected news” of which “a large part had already been anticipated” on Friday. Moreover,
After a solid increase at the opening, enthusiasm quickly crumbled to ue -usa trade agreement: global Europe: Frankfurt gave up 1.02%, Paris 0.43%and Milan remained stable (+0.01%) at the end. Moreover, Except EU, London lost 0.43%. Therefore,
Donald Trump. In addition, the president of the European Commission Ursula von der Leyen concluded in Scotland a customs agreement providing that European products exported to the United States will be taxed at 15%. Moreover,
Above all. Meanwhile, this agreement “allows you to escape the disaster scenario: 30 %American customs duties, a chaotic escalation of reprisals and a total trade war”, estimates Apolline Menut, economist at Carmignac.
But France. like several European countries, said it was disappointed with the compromise, Prime Minister François Bayrou even evoking a “dark day” for Europe, which “resolves to submission”.
Paris pleaded for Europe to be faster during upcoming negotiations on its application terms.
“This agreement certainly avoids the worst scenarios. but it installs ue -usa trade agreement: global a structurally less favorable international economic environment for the next few years,” said Stanislas de Bailliencourt, asset allocation manager at Sycomore AM.
There is also “medium -term doubts about political. economic viability” of this “unbalanced tariff agreement” to the detriment of the European Union, summarize the analysts of Edmond de Rotschild Am.
The dollar flies away – Ue -usa trade agreement: global
In this context, the dollar resumed braid against the European currency, climbing 1.31% to 1.1589 dollars for one euro around 8:50 p.m. GMT.
“The new trade flows will be positive for the dollar. the United States, to the detriment of the euro and European companies,” said Kathleen Brooks, from XTB, interviewed by AFP.
U-turn for the automobile
If the European automotive sector started the session in the green. relieved by the agreement, it quickly changed in the red.
In Frankfurt, ue -usa trade agreement: global BMW (-3.28%), Mercedes (-3.17%), Volkswagen (-3.56%) and Porsche (-4.09%) lost ground after having started the session in the green. Same thing in Paris, Stellantis yielding 2.57% (and 4.24% to New York), and Stockholm, with Volvo down 1.15%.
The director general of the European lobby of car manufacturers ACEA. Sigrid de Vries, pointed out “the negative effect for the sector” of customs duties at 15%, even if she praised a “de -escalation”.
They will cost “billions each year to German automotive companies. ” said Hildegard Mueller, president of the Federation of German Automobiles VDA.
European defense sees red
In addition to the customs duties imposed on European products. the EU engages at $ 750 billion in energy purchases and 600 billion additional investments in the United States as well as to acquire US military equipment.
What weigh the defense values in ue -usa trade agreement: global Europe: in Paris, Thales fell by 4.33%. In Frankfurt, Rheinmetall sold 3.46% and Hensoldt 5.05%. SAAB lost 3.79% in Stockholm and Leonardo 0.97% in Milan.
Spirits in blurring
Uncertainty has not been completely lifted for certain sectors: wines. spirits exporters must benefit from an exemption but still await details.
In Paris, the giant Pernod Ricard lost 3.49% and Rémy Cointreau 3.45%. In Milan, Campari sold 2.62%.
Ue -usa trade agreement: global
Further reading: Three other Lion customers have never received vehicles – Tesla opens its first concession in India in Bombay – Totalnergies: with a profit down by almost 30% and a net debt that climbs, Totalnergies is again sanctioned by the Stock Exchange – The toxic reverse of the consumer AI: Chatgpt consumes 500 ml of water and electricity with each response – 3.5 and 3 million euros fine for Mint and BCM Energy.