The main European stock market indices they experience significant decreases this Friday, on a day marked by the absence of operation in Wall Street By the holiday in USA. The fall reflects the growing Investor concern for the uncertainty surrounding trade agreements with the USwhose deadline was scheduled by Donald Trump for July 9.
Just a few days before the official end of trade negotiations, Trump intensified his speech on tradeannouncing that it will send letters to the countries that “Start paying to do business in the US.”
He Treasury Secretary, Scott BesentHe announced that after July 9, a wave of commercial agreements will be announced, and added that around 100 countries will face a tariff rate of at least 10%. Besides, Besent referred to the European case and said that “if the euro reaches $ 1.20, Europeans will protest”.
European red
The situation has led investors to adopt a cautious position, especially considering that several important commercial partners, including the European Unionthey still failed to close definitive trade agreements. In this sense, the Stoxx 50 European index It falls 1.2% during the morning of this Friday.
At the country level, The German Dax goes back 0.9%a fall also influenced by the bad fact in the order for the order of goods in Germany. Similarly, The French Cac 40 index loses 1.1%affected, in turn, by the fall in the French industrial production of May, which was known this Friday.
For its part, Spain shows one of the most pronounced falls, with the Ibex 35 falling 1.7%. For its part, the British FTSE 100 limited its losses to 0.37%.
EU negotiations
The European Union is pressing to achieve A principle of agreement With the United States before the deadline, seeking immediate tariff relief in key sectors.
Jochen StanzlChief of Market Market Markets, expressed his concerns to Reuters about the potential consequences: “If we observe the EU, there are 25% tariffs on cars and auto parts, and 50% about aluminum and steel. It seems that these tariffs will not be eliminated in negotiationswhat would be a traumatically negative result for the EU. “
The analyst added that “everyone simply expect these sector tariffs to disappear, But it is not known with certainty. Investors are forced to wait and see what happens. “
Source: Ambito
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