European scholarships were closed on a heavy fall on Thursday, 3, a day after US President Donald Trump announced more aggressive definitions than expected by analysts. For the European Union, the applied fare will be 20 %, and for the United Kingdom, 10 %.
The disclosure of the minutes of the European Central Bank (ECB) reinforced the concerns that the combination of these definitions with revenge measures can pressure inflation in the short term, which leads to recession.
In London, FTSE 100 decreased by 1.55 % to 8,474.74 points. DAX decreased from Frankfurt by 3.08 %, closing 21,700.36 points, while Paris CAC 40 decreased by 3.31 %, ending the session at 7,598.98 points. In Madrid, IBEX 35 decreased by 1.08 % to 13192.07 points, while the PSI 20 from Lisbon increased by 0.13 % to 6,967.03 points. Indeed, FTSE MIB, from Milan, decreased by 3.60 %, closed 37,070.83 points. Initial quotations.
Companies with strong exposure to global trade were the most affected. Adidas, the giant in the sports sector, decreased by 11.7 %, while Merck, is an international commercial heat scale, 9.5 %. The Stoxx AutOS index fell by 3.3 % after entering into force from the new definitions by 25 % on the vehicles imported from the United States. Among the auto companies, Stelantis in Italy suffered a 8 % decrease, while Mercedes and Volkswagen fell by 4.1 % and 4.4 %, respectively.
The European Commission President, Ursula von der Lin, said that the European Union has finished completing the contract to respond to the increased customs tariff imposed by Washington. The European Central Bank Vice President (ECB), Louis de Gindus, warned that the uncertainty arising from the geopolitical fees and tensions require a “very wise” position on the monetary authority in politics. economic.
In Spain, the government announced a 14.1 billion euros aid package to alleviate the internal effects of definitions. British Prime Minister Kiir Starmer said he intends to respond to the “cold and calm” of Trump’s measurements. On the other hand, the President of France classified the definitions as “brutal” and promised a “more large” response from the previous association.
Given the tariff, economic data from Europe was in the background. Procurement managers (purchasing managers) from Germany and the eurozone exceeded the market expectations, while the United Kingdom was expected.
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