Europe Markets Resume Slide Amid U.S. Tariff Policy Chaos and Lack of Plans

Bridgette Randall
09 Apr, 2025
London

Stock market indexes in the currency union reversed gains of the previous session after the U.S. tariffs kicked in. 

Benchmark indexes in Frankfurt, Paris, Milan, and London dropped between 2% and 4% in Wednesday's trading, as the U.S. base tariff of 10% and country-specific reciprocal tariffs kicked in. 

European leaders ramped up discussions to present a united front, and France is likely to take the lead in convincing the U.S. president to lower its stiff tariffs of as much as 25%. 

On a day of light economic news in the region, investors focused on global developments, and China vowed to fight "till the end" amid escalating rhetoric from the White House. 

The European Union's exports to the United States amount to less than 3% of its gross domestic product and about 20% of total exports to the non-EU destinations.

European companies are facing rising pressure to freeze investment plans in the U.S. amid constantly changing U.S. trade policy, lack of clarity, and the unpredictable Trump administration.  

Europe Indexes and Yields

The DAX index decreased by 2.7% to 19,738.31, the CAC-40 index edged lower 2.6% to 6,914.88, and the FTSE 100 index declined by 2.7% to 7,695.72.

The yield on 10-year German bonds inched lower to 2.62%, French bonds increased to 3.41%, the UK gilts moved up to 4.67%, and Italian bonds edged higher to 3.92%.

The euro increased to $1.10; the British pound was higher at $1.28; and the U.S. dollar was lower and traded at 84.46 Swiss cents.

Brent crude decreased $1.87 to $60.95 a barrel, and the Dutch TTF natural gas was lower by €0.91 to €34.62 per MWh.

Europe Stock Movers 

Banks and industrial companies led the decliners across the eurozone. 

Airbus SE decreased 1.3% to €135.04, Rolls Royce Holding PLC fell 1.8% to 671.79 pence, and MTU Aero Engines AG plunged 4% to €269.70.

Rheinmetall AG dropped 2.8% to €1,279.0, Hensoldt AG decreased 1% to €59.90, BAE Systems plc increased 1.3% to 1,567.0 pence, and Thales SA fell 1.8% to €236.0.

Société Générale SA decreased 2% to €34.39, Credit Agricole SA fell 1.9% to €14.92, BNP Paribas dropped 2.1% to €64.80, Unicredit SpA eased 1.4% to €43.0, Barclays PLC fell 3% to 247.65 pence, and UBS Group AG plunged 3.8% to CHF 22.27.

Europe Markets Resume Slide Amid U.S. Tariff Policy Chaos and Lack of Plans

Bridgette Randall
09 Apr, 2025
London

Stock market indexes in the currency union reversed gains of the previous session after the U.S. tariffs kicked in. 

Benchmark indexes in Frankfurt, Paris, Milan, and London dropped between 2% and 4% in Wednesday's trading, as the U.S. base tariff of 10% and country-specific reciprocal tariffs kicked in. 

European leaders ramped up discussions to present a united front, and France is likely to take the lead in convincing the U.S. president to lower its stiff tariffs of as much as 25%. 

On a day of light economic news in the region, investors focused on global developments, and China vowed to fight "till the end" amid escalating rhetoric from the White House. 

The European Union's exports to the United States amount to less than 3% of its gross domestic product and about 20% of total exports to the non-EU destinations.

European companies are facing rising pressure to freeze investment plans in the U.S. amid constantly changing U.S. trade policy, lack of clarity, and the unpredictable Trump administration.  

Europe Stock Movers 

Banks and industrial companies led the decliners across the eurozone. 

Airbus SE decreased 1.3% to €135.04, Rolls Royce Holding PLC fell 1.8% to 671.79 pence, and MTU Aero Engines AG plunged 4% to €269.70.

Rheinmetall AG dropped 2.8% to €1,279.0, Hensoldt AG decreased 1% to €59.90, BAE Systems plc increased 1.3% to 1,567.0 pence, and Thales SA fell 1.8% to €236.0.

Société Générale SA decreased 2% to €34.39, Credit Agricole SA fell 1.9% to €14.92, BNP Paribas dropped 2.1% to €64.80, Unicredit SpA eased 1.4% to €43.0, Barclays PLC fell 3% to 247.65 pence, and UBS Group AG plunged 3.8% to CHF 22.27.

Europe Markets Resume Slide Amid U.S. Tariff Policy Chaos and Lack of Plans

Bridgette Randall
09 Apr, 2025
London

Stock market indexes in the currency union reversed gains of the previous session after the U.S. tariffs kicked in. 

Benchmark indexes in Frankfurt, Paris, Milan, and London dropped between 2% and 4% in Wednesday's trading, as the U.S. base tariff of 10% and country-specific reciprocal tariffs kicked in. 

European leaders ramped up discussions to present a united front, and France is likely to take the lead in convincing the U.S. president to lower its stiff tariffs of as much as 25%. 

On a day of light economic news in the region, investors focused on global developments, and China vowed to fight "till the end" amid escalating rhetoric from the White House. 

The European Union's exports to the United States amount to less than 3% of its gross domestic product and about 20% of total exports to the non-EU destinations.

European companies are facing rising pressure to freeze investment plans in the U.S. amid constantly changing U.S. trade policy, lack of clarity, and the unpredictable Trump administration.  

Europe Stock Movers 

Banks and industrial companies led the decliners across the eurozone. 

Airbus SE decreased 1.3% to €135.04, Rolls Royce Holding PLC fell 1.8% to 671.79 pence, and MTU Aero Engines AG plunged 4% to €269.70.

Rheinmetall AG dropped 2.8% to €1,279.0, Hensoldt AG decreased 1% to €59.90, BAE Systems plc increased 1.3% to 1,567.0 pence, and Thales SA fell 1.8% to €236.0.

Société Générale SA decreased 2% to €34.39, Credit Agricole SA fell 1.9% to €14.92, BNP Paribas dropped 2.1% to €64.80, Unicredit SpA eased 1.4% to €43.0, Barclays PLC fell 3% to 247.65 pence, and UBS Group AG plunged 3.8% to CHF 22.27.

India Movers: P. N. Gadgil, Ganesh Housing, 5paisa, MCX, Karur Vysya Bank, Mangalore Refinery, Supreme Industries

Arun Goswami
09 Apr, 2025
Mumbai

TeleCanor Global Ltd. fell 0.20% to ₹9.90 despite the telecom services provider reporting more than a four-fold increase in earnings in the March quarter.

Standalone revenue in the March quarter increased to ₹4.2 crore from ₹0.3 crore, profit after tax jumped to ₹1.4 crore from ₹0.3 crore, and diluted earnings per share rose to ₹1.20 from 30 paise a year ago.

For the fiscal year 2025, revenue advanced to ₹4 crore from ₹0.3 crore, profit after tax increased to ₹0.8 crore from ₹0.008 crore, and diluted earnings per share soared to 67 paise from 1 paise a year ago.

P. N. Gadgil Jewellers Limited gained 2.2% to ₹520.35 after the jewelry retailer reported a 49% increase in profit in the fiscal third quarter. 

Consolidated revenue advanced to ₹2,442.7 crore from ₹1,974.6 crore, after-tax profit increased to ₹86 crore from ₹57.6 crore, and diluted earnings per share rose to ₹6.34 from ₹4.88 a year ago.

Ganesh Housing Corporation Ltd. declined 2.7% to ₹972.30 despite the residential real estate company reporting a 61% jump in its earnings in the December quarter.

Consolidated revenue advanced to ₹264.1 crore from ₹183.3 crore, net income jumped to ₹160.8 crore from ₹100.1 crore, and diluted earnings per share rose to ₹19.29 from ₹12.06 a year ago.

5paisa Capital Ltd. inched higher 2.6% to ₹362 after the stock brokerage company reported an increase in revenue and net income in the December quarter.

Consolidated revenue decreased to ₹85.30 crore from ₹100.32 crore, after-tax profit increased to ₹16.2 crore from ₹15.1 crore, and diluted earnings per share rose to ₹5.15 from ₹4.86 a year ago.

Multi Commodity Exchange of India Limited decreased 1.9% to ₹5,105.40 after the commodity trading exchange operator's net income swung to a profit in the December quarter.

Consolidated revenue advanced to ₹324.4 crore from ₹209.3 crore, net income swung to a profit of ₹160 crore from a loss of ₹5.4 crore, and diluted earnings per share rose to an income of ₹31.38 from a loss of ₹1.05 a year ago.

Mangalore Refinery & Petrochemicals Ltd. plunged 2.3% to ₹132.15 after the petroleum refiner and retailer reported a 21% decline in profit in the December quarter.

Consolidated revenue declined to ₹256.3 crore from ₹284 crore, after-tax profit decreased to ₹304.2 crore from ₹387.1 crore, and diluted earnings per share fell to ₹1.74 from ₹2.21 a year ago.

Karur Vysya Bank Ltd. declined 1.4% to ₹207.85 despite the financial services provider reporting a 21% increase in net income in the December quarter.

Consolidated revenue edged lower to ₹2,953.4 crore from ₹2,997.1 crore, net income advanced to ₹496 crore from ₹411 crore, and diluted earnings per share rose to ₹ 6.16 from ₹5.12 a year ago.

Supreme Industries Limited fell 2.6% to ₹3,125.10 despite the plastic furniture and molded products company reporting a 27% plunge from a year ago in quarterly profit.

Consolidated revenue increased to ₹2,518.8 crore from ₹2,469.8 crore, after-tax profit declined to ₹187 crore from ₹256.2 crore, and diluted earnings per share fell to ₹14.72 from ₹20.17 a year ago.

India Movers: P. N. Gadgil, Ganesh Housing, 5paisa, MCX, Karur Vysya Bank, Mangalore Refinery, Supreme Industries

Arun Goswami
09 Apr, 2025
Mumbai

TeleCanor Global Ltd. fell 0.20% to ₹9.90 despite the telecom services provider reporting more than a four-fold increase in earnings in the March quarter.

Standalone revenue in the March quarter increased to ₹4.2 crore from ₹0.3 crore, profit after tax jumped to ₹1.4 crore from ₹0.3 crore, and diluted earnings per share rose to ₹1.20 from 30 paise a year ago.

For the fiscal year 2025, revenue advanced to ₹4 crore from ₹0.3 crore, profit after tax increased to ₹0.8 crore from ₹0.008 crore, and diluted earnings per share soared to 67 paise from 1 paise a year ago.

P. N. Gadgil Jewellers Limited gained 2.2% to ₹520.35 after the jewelry retailer reported a 49% increase in profit in the fiscal third quarter. 

Consolidated revenue advanced to ₹2,442.7 crore from ₹1,974.6 crore, after-tax profit increased to ₹86 crore from ₹57.6 crore, and diluted earnings per share rose to ₹6.34 from ₹4.88 a year ago.

Ganesh Housing Corporation Ltd. declined 2.7% to ₹972.30 despite the residential real estate company reporting a 61% jump in its earnings in the December quarter.

Consolidated revenue advanced to ₹264.1 crore from ₹183.3 crore, net income jumped to ₹160.8 crore from ₹100.1 crore, and diluted earnings per share rose to ₹19.29 from ₹12.06 a year ago.

5paisa Capital Ltd. inched higher 2.6% to ₹362 after the stock brokerage company reported an increase in revenue and net income in the December quarter.

Consolidated revenue decreased to ₹85.30 crore from ₹100.32 crore, after-tax profit increased to ₹16.2 crore from ₹15.1 crore, and diluted earnings per share rose to ₹5.15 from ₹4.86 a year ago.

Multi Commodity Exchange of India Limited decreased 1.9% to ₹5,105.40 after the commodity trading exchange operator's net income swung to a profit in the December quarter.

Consolidated revenue advanced to ₹324.4 crore from ₹209.3 crore, net income swung to a profit of ₹160 crore from a loss of ₹5.4 crore, and diluted earnings per share rose to an income of ₹31.38 from a loss of ₹1.05 a year ago.

Mangalore Refinery & Petrochemicals Ltd. plunged 2.3% to ₹132.15 after the petroleum refiner and retailer reported a 21% decline in profit in the December quarter.

Consolidated revenue declined to ₹256.3 crore from ₹284 crore, after-tax profit decreased to ₹304.2 crore from ₹387.1 crore, and diluted earnings per share fell to ₹1.74 from ₹2.21 a year ago.

Karur Vysya Bank Ltd. declined 1.4% to ₹207.85 despite the financial services provider reporting a 21% increase in net income in the December quarter.

Consolidated revenue edged lower to ₹2,953.4 crore from ₹2,997.1 crore, net income advanced to ₹496 crore from ₹411 crore, and diluted earnings per share rose to ₹ 6.16 from ₹5.12 a year ago.

Supreme Industries Limited fell 2.6% to ₹3,125.10 despite the plastic furniture and molded products company reporting a 27% plunge from a year ago in quarterly profit.

Consolidated revenue increased to ₹2,518.8 crore from ₹2,469.8 crore, after-tax profit declined to ₹187 crore from ₹256.2 crore, and diluted earnings per share fell to ₹14.72 from ₹20.17 a year ago.

Japan's Nikkei Down 4% as U.S. Tariffs On Asian Imports Take Effect

Akira Ito
09 Apr, 2025
Tokyo

Stock market indexes reversed their course in Tokyo trading and erased most of the gains of the previous session after the U.S. tariffs went into effect. 

The Nikkei 225 Stock Average dropped nearly 4%, and the broader Topix index declined more than 3%, as the U.S. slapped additional tariffs on Chinese goods. 

The yen traded in a tight rang with an upward bias, and closed at 145.45 against the U.S. dollar in choppy trading. 

The U.S. tariff of 24% on Japanese goods and 25% on Japanese vehicles went into effect this afternoon Tokyo time, and investors looked forward to the start of trade negotiations as early as next week. 

The U.S. in a tit-for-tat imposed an additional tariff of 50%, increasing the total to a whopping 104%, starting today, and prompting an outcry from Beijing. 

China is likely to impose high trade barriers on U.S. service providers, including accounting and law firms, and expand its list of "unreliable entities" to include leading U.S. tech and industrial companies. 

Japan's exports to the U.S. account for about 20% of its total exports and 3% of its gross domestic economy.

Meanwhile, China's total direct and indirect goods exports to the U.S. accounted for about 20% of total exports and about 3.5% of China's gross domestic product.

Japan Indexes and Stocks 

The Nikkei 225 Stock Average plunged 3.9% to 31,714.03, and the broader TOPIX decreased 3.4% to 2,349.33. 

Sumitomo Mitsui Financial Group declined 4.5% to ¥3,027.0, Mitsubishi UFJ Financial Group plunged 5.3% to ¥1,570.0, and Mizuho Financial Group dropped 4.3% to ¥3,179.0.

Toyota Motor decreased 2.6% to ¥2,365.50, Nissan Motor Company fell 6.7% to ¥311.50, and Honda Motor Company declined 3.2% to ¥1,243.50.

Panasonic Holdings Corp. decreased 5% to ¥1,388.50, Canon Inc. fell 3.7% to ¥4,015.0, Sony Group declined 3.5% to ¥3,107.0, and Fanuc Corp. eased 3.5% to ¥3,114.0.  

Japan's Nikkei Down 4% as U.S. Tariffs On Asian Imports Take Effect

Akira Ito
09 Apr, 2025
Tokyo

Stock market indexes reversed their course in Tokyo trading and erased most of the gains of the previous session after the U.S. tariffs went into effect. 

The Nikkei 225 Stock Average dropped nearly 4%, and the broader Topix index declined more than 3%, as the U.S. slapped additional tariffs on Chinese goods. 

The yen traded in a tight rang with an upward bias, and closed at 145.45 against the U.S. dollar in choppy trading. 

The U.S. tariff of 24% on Japanese goods and 25% on Japanese vehicles went into effect this afternoon Tokyo time, and investors looked forward to the start of trade negotiations as early as next week. 

The U.S. in a tit-for-tat imposed an additional tariff of 50%, increasing the total to a whopping 104%, starting today, and prompting an outcry from Beijing. 

China is likely to impose high trade barriers on U.S. service providers, including accounting and law firms, and expand its list of "unreliable entities" to include leading U.S. tech and industrial companies. 

Japan's exports to the U.S. account for about 20% of its total exports and 3% of its gross domestic economy.

Meanwhile, China's total direct and indirect goods exports to the U.S. accounted for about 20% of total exports and about 3.5% of China's gross domestic product.

Japan Indexes and Stocks 

The Nikkei 225 Stock Average plunged 3.9% to 31,714.03, and the broader TOPIX decreased 3.4% to 2,349.33. 

Sumitomo Mitsui Financial Group declined 4.5% to ¥3,027.0, Mitsubishi UFJ Financial Group plunged 5.3% to ¥1,570.0, and Mizuho Financial Group dropped 4.3% to ¥3,179.0.

Toyota Motor decreased 2.6% to ¥2,365.50, Nissan Motor Company fell 6.7% to ¥311.50, and Honda Motor Company declined 3.2% to ¥1,243.50.

Panasonic Holdings Corp. decreased 5% to ¥1,388.50, Canon Inc. fell 3.7% to ¥4,015.0, Sony Group declined 3.5% to ¥3,107.0, and Fanuc Corp. eased 3.5% to ¥3,114.0.  

Investor Sentiment In Shanghai and Hong Kong Waver After China and Asia Tariffs Kick In

Li Chen
09 Apr, 2025
Hong Kong

Stocks resumed their slide on Wednesday after trade tensions rose to a new high between the U.S. and China. 

The Hang Seng index rebounded from a loss of 1%, and the mainland-focused CSI 300 index advanced nearly 1% as investors overlooked rising trade tensions. 

Asian markets declined after U.S. tariffs went into effect at noon in Hong Kong, and the U.S. imposed an additional 50% tariff on Chinese goods, totaling 104%. 

The 24% tariffs on Japan, 46% on Vietnam, and 49% on Cambodia, in addition to 10% base tariffs, went into effect also this afternoon.

In overnight trading, Wall Street indexes fell between 2% and 3% after the U.S. announced new tariffs on China and exchanged barbs as both trading partners struggle to find a common ground. 

China Indexes and Stocks 

The Hang Seng index decreased 0.3% to 19,996.08, and the mainland-focused CSI 300 index rose 0.7% to 3,677.87. 

BYD decreased 1.1% to HK$ 326.20, Li Auto fell 1.7% to HK$ 79.85, and XPeng declined 1.2% to HK$ 66.50.

Zhejiang Tion Vanly Technology soared 250% to 34.72 yuan after the company's stock began trading on the Shanghai Stock Exchange. 

The automotive structural parts maker sold 85.1 million shares at 13.30 yuan per share. 

Investors Sentiment In Shanghai and Hong Kong Waver After China and Asia Tariffs Kick In

Li Chen
09 Apr, 2025
Hong Kong

Stocks resumed their slide on Wednesday after trade tensions rose to a new high between the U.S. and China. 

The Hang Seng index rebounded from a loss of 1%, and the mainland-focused CSI 300 index advanced nearly 1% as investors overlooked rising trade tensions. 

Asian markets declined after U.S. tariffs went into effect at noon in Hong Kong, and the U.S. imposed an additional 50% tariff on Chinese goods, totaling 104%. 

The 24% tariffs on Japan, 46% on Vietnam, and 49% on Cambodia, in addition to 10% base tariffs, went into effect also this afternoon.

In overnight trading, Wall Street indexes fell between 2% and 3% after the U.S. announced new tariffs on China and exchanged barbs as both trading partners struggle to find a common ground. 

China Indexes and Stocks 

The Hang Seng index decreased 0.3% to 19,996.08, and the mainland-focused CSI 300 index rose 0.7% to 3,677.87. 

BYD decreased 1.1% to HK$ 326.20, Li Auto fell 1.7% to HK$ 79.85, and XPeng declined 1.2% to HK$ 66.50.

Zhejiang Tion Vanly Technology soared 250% to 34.72 yuan after the company's stock began trading on the Shanghai Stock Exchange. 

The automotive structural parts maker sold 85.1 million shares at 13.30 yuan per share. 

Wall Street Indexes Attempt to Rebound After Three Days of Mayhem

Barry Adams
08 Apr, 2025
New York City

Wall Street indexes rebounded after a three-day sell-off that wiped out more than $6 trillion in market valuation after Trump tariffs shook stocks. 

The S&P 500 index jumped 3%, and the Nasdaq Composite advanced 3.7% in early trading on Tuesday, as investors awaited the start of earnings season this Friday. 

Wells Fargo, Citigroup, JPMorgan Chase, Morgan Stanley, Goldman Sachs, Delta Air Lines, and Fastenal are scheduled to release earnings on late Thursday or early Friday.

Over the last three trading sessions, the S&P 500 index lost more than 10% after the Trump administration rolled out an import tax that averaged 22%. 

The sharp escalation of tariffs from the current 2.5% mounted fears of economic slowdown and rapid rebound in inflation, which could lead to widespread job losses and dampen consumer spending and corporate earnings.

The tech-heavy Nasdaq Composite extended over the last three trading sessions and sank deeper into bear market territory after Apple, Nvidia, AMD, and Alphabet plunged as much as 20%. 

The US-sparked tariff war showed no sign of easing after China imposed its retaliatory tariff of 34% on U.S. goods, and the European Union proposed a 25% tariff on aluminum, steel, and motorcycles. 

Commodities, Currencies, Indexes, Yields

The S&P 500 index increased 3.3% to 5,229.72, the Nasdaq Composite edged up 3.7% to 16,180.68, and the Russell 2000 index was up 2.8% to 1,861.31.

The yield on 2-year Treasury notes edged higher to 3.83%, 10-year Treasury notes increased to 4.22%, and 30-year Treasury bonds advanced to 4.65%.

WTI crude oil increased $0.76 to $61.46 a barrel, and natural gas prices edged higher by $0.12 to $3.77 a thermal unit.

Gold increased by $35.04 to 3,018.32 an ounce, and silver edged up by $0.45 to $30.46.

The dollar index, which weighs the US currency against a basket of foreign currencies, decreased by 0.23 to 103.02 and traded at a two-year high.

U.S. Movers 

Broadcom jumped $164.0 after the company's board authorized a new $10 billion stock repurchase program ending no later than December 31. 

Healthcare insurance companies jumped after The Wall Street Journal reported that the Trump administration is looking to approve a payment rate increase of 5.06%, higher than the 2.26% proposed by the Biden administration. 

Humana soared 14.3% to 291.0, UnitedHealth Group advanced 6.7% to 561.0, and CVS Health Corp. gained 8.4% to 69.18.

Levi Strauss & Company jumped 15.2% to 15.22, and the apparel company reported a muted increase in sales but a sharp jump in earnings in the first quarter ending in March. 

Wall Street Indexes Attempt to Rebound After Three Days of Mayhem

Barry Adams
08 Apr, 2025
New York City

Wall Street indexes rebounded after a three-day sell-off that wiped out more than $6 trillion in market valuation after Trump tariffs shook stocks. 

The S&P 500 index jumped 2.5%, and the Nasdaq Composite advanced 2.9% in early trading on Tuesday, as investors awaited the start of earnings season this Friday. 

Wells Fargo, Citigroup, JPMorgan Chase, Morgan Stanley, Goldman Sachs, Delta Air Lines, and Fastenal are scheduled to release earnings on late Thursday or early Friday.

Over the last three trading sessions, the S&P 500 index lost more than 10% after the Trump administration rolled out an import tax that averaged 22%. 

The sharp escalation of tariffs from the current 2.5% mounted fears of economic slowdown and rapid rebound in inflation, which could lead to widespread job losses and dampen consumer spending and corporate earnings.

The tech-heavy Nasdaq Composite extended over the last three trading sessions and sank deeper into bear market territory after Apple, Nvidia, AMD, and Alphabet plunged as much as 20%. 

The US-sparked tariff war showed no sign of easing after China imposed its retaliatory tariff of 34% on U.S. goods, and the European Union proposed a 25% tariff on aluminum, steel, and motorcycles. 

U.S. Movers 

Broadcom jumped $164.0 after the company's board authorized a new $10 billion stock repurchase program ending no later than December 31. 

Healthcare insurance companies jumped after The Wall Street Journal reported that the Trump administration is looking to approve a payment rate increase of 5.06%, higher than the 2.26% proposed by the Biden administration. 

Humana soared 14.3% to 291.0, UnitedHealth Group advanced 6.7% to 561.0, and CVS Health Corp. gained 8.4% to 69.18.

Levi Strauss & Company jumped 15.2% to 15.22, and the apparel company reported a muted increase in sales but a sharp jump in earnings in the first quarter ending in March. 

Europe Markets Recover 2% Amid Elevated Trade Tensions

Bridgette Randall
08 Apr, 2025
London

European markets stabilized after Monday's sharp sell-off as calm returned to world markets. 

Benchmark indexes in Frankfurt, Paris, Milan, and London traded higher by 1% as trade tensions with the U.S. remained high. 

The European Union is likely to enter negotiations with the U.S. as early as this month, and the U.S. rejected the offer of zero tariffs. 

The average tariff on the U.S. goods arriving in the European Union is less than 2%, and the European Commission president, Ursula von der Leyen, said that Donald Trump rejected the "zero-for-zero tariff" deals on industrial goods. 

Moreover, the U.S. enjoys a large service trade surplus of €109 billion on bilateral trade of €746 billion with the European Union.

The EU goods exports to the U.S. increased to €532 billion, resulting in a trade surplus of €198 billion in 2024, according to data available from the European Commission.

On the economic front, France said its international trade deficit widened in February, the largest trade gap since September, according to the latest data released by the Ministry of Economy and Finance. 

Exports stalled at €49.7 billion, and imports increased 2.4% to €57.5 billion, driven by higher purchases of hydrocarbons and transportation equipment.  

Europe Indexes and Yields

The DAX index increased by 1.5% to 20,079.47, the CAC-40 index edged higher 1.6% to 7,037.91, and the FTSE 100 index advanced by 1.2% to 7,792.65.

The yield on 10-year German bonds inched lower to 2.61%, French bonds decreased to 3.35%, the UK gilts moved down to 4.57%, and Italian bonds edged lower to 3.81%.

The euro increased to $1.10; the British pound was higher at $1.28; and the U.S. dollar was lower and traded at 85.76 Swiss cents.

Brent crude increased $0.12 to $64.31 a barrel, and the Dutch TTF natural gas was higher by €0.59 to €36.47 per MWh.

Europe Movers

Banks and energy companies topped the most actively traded stocks in Tuesday's trading. 

Deutsche Bank gained 1.7% to €18.38, UniCredit SpA advanced 0.4% to €42.83, Societe Generale SA increased 3.2% to €42.83, BNP Paribas edged up 0.6% to €66.49, and HSBC Holdings plc inched lower 0.5% to 734.19 pence.

Crude oil prices dropped for the fourth consecutive session and fell to a four-year low of $59.67 a barrel. 

Shell PLC gained 2.4% to €28.41, BP plc gained 3.1% to 359.90 pence, and TotalEnergies SA advanced 0.1% to €50.28.

Europe Markets Attempted to Rebound Amid Elevated Trade Tensions

Barry Adams
08 Apr, 2025
London

European markets stabilized after Monday's sharp sell-off as calm returned to world markets. 

Benchmark indexes in Frankfurt, Paris, Milan, and London traded higher by 1% as trade tensions with the U.S. remained high. 

The European Union is likely to enter negotiations with the U.S. as early as this month, and the U.S. rejected the offer of zero tariffs. 

The average tariff on the U.S. goods arriving in the European Union is less than 2%, and the European Commission president, Ursula von der Leyen, said that Donald Trump rejected the "zero-for-zero tariff" deals on industrial goods. 

Moreover, the U.S. enjoys a large service trade surplus of €109 billion on bilateral trade of €746 billion with the European Union.

The EU goods exports to the U.S. increased to €532 billion, resulting in a trade surplus of €198 billion in 2024, according to data available from the European Commission.

On the economic front, France said its international trade deficit widened in February, the largest trade gap since September, according to the latest data released by the Ministry of Economy and Finance. 

Exports stalled at €49.7 billion, and imports increased 2.4% to €57.5 billion, driven by higher purchases of hydrocarbons and transportation equipment.  

Europe Indexes and Yields

The DAX index increased by 1.5% to 20,079.47, the CAC-40 index edged higher 1.6% to 7,037.91, and the FTSE 100 index advanced by 1.2% to 7,792.65.

The yield on 10-year German bonds inched lower to 2.61%, French bonds decreased to 3.35%, the UK gilts moved down to 4.57%, and Italian bonds edged lower to 3.81%.

The euro increased to $1.10; the British pound was higher at $1.28; and the U.S. dollar was lower and traded at 85.76 Swiss cents.

Brent crude increased $0.12 to $64.31 a barrel, and the Dutch TTF natural gas was higher by €0.59 to €36.47 per MWh.

Europe Movers

Banks and energy companies topped the most actively traded stocks in Tuesday's trading. 

Deutsche Bank gained 1.7% to €18.38, UniCredit SpA advanced 0.4% to €42.83, Societe Generale SA increased 3.2% to €42.83, BNP Paribas edged up 0.6% to €66.49, and HSBC Holdings plc inched lower 0.5% to 734.19 pence.

Crude oil prices dropped for the fourth consecutive session and fell to a four-year low of $59.67 a barrel. 

Shell PLC gained 2.4% to €28.41, BP plc gained 3.1% to 359.90 pence, and TotalEnergies SA advanced 0.1% to €50.28.

Europe Movers: Hilton Food, OMV

Inga Muller
08 Apr, 2025
Frankfurt

OMV AG traded flat at €41.88 after the Austria-based energy and chemicals company said it would post first quarter of 2025 earnings results on April 30.

On February 4, OMV reported fourth quarter of 2004 results.

Revenue declined to €9.05 billion from €10.11 billion, net income edged up to €377 million from €319 million, and diluted earnings per share rose to 92 cents from 72 cents a year ago.

For the full year, revenue decreased to €34.97 billion from €40.53 billion, net income climbed to €2.02 billion from €1.92 billion, and diluted earnings per share dropped to €4.24 from €4.52 a year earlier.

The company guided for organic capital expenditure to come in at around €3.6 billion, compared to €3.7 billion in 2024, including non-cash leases of around €0.1 billion.

Hilton Food Group Plc. eased 1.8% to 835.42 pence after the UK-based food provider reported full-year results for 2024 ending in December.

Revenue inched down to £3.988 billion from £3.989 billion, profit jumped to £39.3 million from £36.4 million, and diluted earnings per share rose to 43.3 pence from 40.2 pence a year ago.

The company proposed a final dividend of 24.9 pence per share, representing total 2024 dividends of 34.5 pence per share, an increase of 7.8% compared to the prior year.

The company reported a strong retail meat volume growth across the UK, Europe, and APAC, and it plans to enter the Saudi Arabian market in the second half of 2026.

Europe Movers: Hilton Food, OMV

Bridgette Randall
08 Apr, 2025
London

OMV AG traded flat at €41.88 after the Austria-based energy and chemicals company said it would post first quarter of 2025 earnings results on April 30.

On February 4, OMV reported fourth quarter of 2004 results.

Revenue declined to €9.05 billion from €10.11 billion, net income edged up to €377 million from €319 million, and diluted earnings per share rose to 92 cents from 72 cents a year ago.

For the full year, revenue decreased to €34.97 billion from €40.53 billion, net income climbed to €2.02 billion from €1.92 billion, and diluted earnings per share dropped to €4.24 from €4.52 a year earlier.

The company guided for organic capital expenditure to come in at around €3.6 billion, compared to €3.7 billion in 2024, including non-cash leases of around €0.1 billion.

Hilton Food Group Plc. eased 1.8% to 835.42 pence after the UK-based food provider reported full-year results for 2024 ending in December.

Revenue inched down to £3.988 billion from £3.989 billion, profit jumped to £39.3 million from £36.4 million, and diluted earnings per share rose to 43.3 pence from 40.2 pence a year ago.

The company proposed a final dividend of 24.9 pence per share, representing total 2024 dividends of 34.5 pence per share, an increase of 7.8% compared to the prior year.

The company reported a strong retail meat volume growth across the UK, Europe, and APAC, and it plans to enter the Saudi Arabian market in the second half of 2026.