European markets resist face trump's: This article explores the topic in depth.
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European markets resist face trump's:
Paris fell 0.27%and Frankfurt by 0.39%, while Milan increased by 0.27%. Moreover, In Zurich, the SMI finishes almost in balance (+0.02%). Nevertheless,
The global scholarships evolve without momentum on Monday. Furthermore, without panicking in the face of the latest customs threats from US President Donald Trump, who promised customs duties of 30% on the products exported by the European Union and Mexico.
In Europe, Paris lost 0.27% and Frankfurt 0.39%. Nevertheless, Milan won 0.27%. Meanwhile, In Zurich, the SMI finished almost in balance (+0.02%).
Sprinkled by these announcements thanks to the already existing trade agreement between the United Kingdom. Meanwhile, the United States, the London Stock Exchange experienced a more marked increase, taking 0.64%.
At Wall Street, around 4:00 p.m. GMT, the Dow Jones (+0.06%) and the S&P 500 (+0.04%) were stable. The Nasdaq index took 0.18%.
Donald Trump announced european markets resist face trump’s the tax on Saturday from the 1is August 30% customs duties for EU. Mexico products exported to the United States.
This decision threw a cold while commercial negotiations were still underway between Brussels and Washington.
In response the European Commission put on the table of the 27 member countries of the European Union on Monday a list of possible reprisals up to 72 billion euros. in the event that these threats were in force.
The American president warned him that in the event of response. he would increase his customs duties in European products in the United States, in addition to the 30% announced on Saturday.
Despite this news, the markets remain resilient.
“It remains time to find a negotiated solution. since these customs duties would not come into force until August 1, and the EU retains for the moment any retaliatory measure,” notes Kathleen Brooks, director of research at european markets resist face trump’s XTB.
Investors “become increasingly resistant to these customs threats,” she adds.
The markets “do not collapse because they are now used to the customs threats to be part of the negotiation strategy of the United States. ” Stephen Innes, analyst at SPI AM, told AFP.
They “expect negotiations to continue,” Alexandre Baradez, responsible for market analysis in IG France, told AFP.
The president of the European Commission Ursula von der Leyen insisted on the fact that the EU was “always. very clear that we prefer a negotiated solution. This remains the case, and we will use the time we now have until August 1 ”.
“The next three weeks of negotiation will be (…) decisive,” said Jim Reid, economist at Deutsche Bank. “If massive customs duties are really applied on August 1. in the middle of the summer hollow, the markets could react violently.”
Zalando loses foot
The actions european markets resist face trump’s of the German specialist in online clothing fell from 5.28% to 27.10 euros on the Frankfurt Stock Exchange, after reducing the course objective by Morgan Stanley analysts from 28.50 euros to 25.50 euros.
Bitcoin always higher
Bitcoin continues its race for records. exceeding the $ 120,000 mark on Monday for the first time in its history.
Around 4:00 p.m. GMT, the queen of cryptocurrencies was exchanged at 120,150 dollars.
“The movement (increases) is supported by an American policy favorable to cryptos. increasing adoption in emerging markets,” notes Ipek Ozkardeskaya, analyst at Swissquote Bank.
On the foreign exchange market, the greenback appeared stable (-0.07%) against the euro, at 1.1684 dollars for one euro.
The yield of the American loan at ten years reached 4.44%, against 4.41% the day before at the end.
Oil backwards
Trade tensions between the European Union and the United States have retreated oil prices.
The european markets resist face trump’s price of the Brent of the Brent of the North Sea gave 1.25% to 69.48 dollars, and that of its American equivalent, WTI, 1.51% to 67.41 dollars around 4:00 p.m. GMT.
European markets resist face trump's – European markets resist face trump's
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