The European bags They rose on Thursday, promoted by mining values, while investors were waiting in a possible commercial agreement between the United States and the European Union. The Stoxx 600 Paneuropeo Index rose 0.5%, to 552.45 points.
Other large regional indices also quoted upwards, except for the Spanish Ibex, which yielded 0.6%. On the other hand, the bags of Germany, France and the United Kingdom operate with profits.
In the last commercial events, US negotiators and the EU to an agreement. The EU Commission of Commerce, Maros Sefcovic, said Wednesday that the European Commission has advanced a lot in a framework agreement with Washington and that an agreement in a matter of days could be reached.
Negotiators were discussing possible measures to protect the EU automobile industry, according to EU responsible and sources of the car industry.
Also on Wednesday, the president of the United States, Donald Trump, announced a new 50% tariff on the 50% tariff on the, both troops from August 1.
Trump also issued new tariff letters for seven minor business partners, who add up to another 14 issued at the beginning of the week. European mining values advanced 2.8%, while those of health earned 1.1%.
Barry Callebaut’s shares fell 7.2% after the Swiss chocolate manufacturer cut their volume prospects for the third time this year.
Commercial War
The Minister of Economy, Commerce and Business, Carlos Corpora, has advocated trying to close in the coming weeks a “principles agreement” between the European Union and the United States in commercial matters that defines the new framework of the relations between both regions.
In statements to the media, before participating in the ‘Icex 2025’ forum, the minister has affirmed that he hopes that an agreement of principles on the main areas in which it must continue advancing, in order to close a complete agreement “that can be beneficial for both parties will be reached in the next few days.”
According to body, in recent days the negotiation of the commercial agreement continues to be progressed, since many of the tariffs are already underway, such as 10%, 50% to steel and aluminum or 25% to the automobile sector. “It is very important to take this impact into account and also the impact of the uncertainty that affects commercial exchanges and the investments of our companies in the United States, but also to the investments of North American companies in Europe and Spain,” said the head of Economics.
Therefore, body has remarked that this agreement must be advanced and considers that “the steps that are taking place in recent days are very important to arrive.” It should be remembered that this Tuesday, the US president, Donald Trump, confirmed that he was going to postpone until August 1 the entry into force of the so -called “reciprocal tariffs” to all countries of the world.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
