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Changes in global tariffs/ How they are affecting European stock markets

2025-04-12 22:19:00, Ekonomi CNA

Changes in global tariffs/ How they are affecting European stock markets

European stock markets closed lower today to cap a volatile day and extremely volatile week as concerns about a trade war between the US and China grew further.

For the pan-European Stoxx 600, the index closed 0.1% lower, after its best day since March 2022. The FTSE 100 closed 0.64% higher while the FTSE 250 was flat after data showed the British economy grew significantly and more than expected in February.

Germany's Dax and France's CAC 40 fell by 0.9% and 0.3% respectively.

Building on the weekend's big gains, the euro added another 1.3% against the US dollar, to trade around $1.134, its highest level since February 2022.

The industrials, technology and energy sectors remained lower, while the perceived safer sectors, utilities and consumer staples, traded higher.

It has been a turbulent week for European and global markets, as investors have reacted to frequent developments in global trade policy that have been triggered by the latest tariff plans.

The so-called reciprocal US tariffs went into effect earlier this week, before being temporarily lowered to 10% for 90 days to allow for trade negotiations with most of the nearly 90 countries and territories targeted. Tariffs on imports from China rose to a rate of 145%, however, a level that economists say effectively cuts off trade between the world's largest economies. /CNA





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