European stocks opened lower on Tuesday as investors assessed the global impact of U.S. President-elect Trump’s plan to impose tariffs on China, Mexico and Canada.
regional Stoke 600 It was down 0.61% at 8:10 a.m. London time, with all sectors except telecoms in the red. The automotive sector led the decline, falling 2.1%.
The index closed higher for a third straight session on Monday, as global stock market momentum pushed Wall Street’s Dow Jones Industrial Average to a new high.
川普週一晚間表示，他上任後的首要舉措之一就是對所有進入美國的中國商品加徵10% 的關稅，並威脅對墨西哥和加拿大的產品加徵25% 的關稅，從而終止區域自由貿易protocol.
Economists have previously pointed to the potential inflationary impact of Trump’s fiscal plan, which could lead to a slower pace of rate cuts by the Federal Reserve. This, in turn, could boost the dollar against currencies such as the euro and pound.
“The immediate market reaction looks negative,” Maybank analysts said in a note on Tuesday.
“However, these tariffs are indeed very different from the 60% tariffs on China and 10% on the rest of the world that Trump mentioned during the campaign. Although the market may be cautious about the risk that Trump may gradually introduce tariffs .
Europe had a quiet day on Tuesday in terms of data and earnings.
Investors will continue to analyze the latest M&A news in the banking sector after UniCredit offered to acquire its Italian lender Banco BPM for about 10 billion euros ($10.5 billion).
In the United States, the Federal Reserve will release the minutes of its November meeting, which will cut interest rates by 25 percentage points.
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