Paris/London/Zurich (dpa -AfX) – Europe’s most important stock markets have started behavior into the new stock exchange week. The EuroStoxx 50 won 0.5 percent on Monday afternoon to 5,313 points. In contrast, the stock exchanges outside the euro area hardly changed. The Swiss SMI stagnated with 11,972 points. The British FTSE 100 noted stable at 8,822 points.
In investor focus is the trade conflict between the United States and numerous countries, including the European Union. Shortly before the deadline, the United States informs a number of countries about new tariffs or possible trade agreements. According to President Donald Trump, 12 to 15 countries should receive corresponding letters by Wednesday. In the case of new tariffs, these should come into force on August 1, added Minister of Commerce Howard Lutnick in a common statement.
In April, Trump introduced a base customover of ten percent to almost all imports from the EU. In addition, special tariffs apply to certain products, such as steel and aluminum and auto imports. However, the punitive tariffs against the EU were exposed to a three -month negotiation period. This ends this Wednesday. With his customs policy, Trump wants more to be produced in the USA.
From an industry perspective, insurers, banks and stocks from the leisure and travel sector were most in demand on Monday. At the lower end of the sector table, suppliers and papers from the oil and gas industry were found.
The proportions of medical technology manufacturers suffered from the news that China occupied medical devices from the European Union with sanctions. This was a reaction to corresponding EU restrictions, it was said to be justified from Beijing. On June 20, the EU Commission decided to exclude Chinese providers from public tenders for medical devices worth over five million euros. The shares of the Swedish Electa (Electa) fell by 1.6 percent. In contrast, after clear initial losses, Philips recently went up 0.4 percent.
The titles of Stellantis lost 2.2 percent in value and were the bottom of the EuroStoxx 50 index. The Bank of America had graded the shares from “Buy” to “neutral”. Analyst Horst Schneider awaits a “very weak” half -year report on July 29 and sees the car company poorly positioned in Europe. The papers have fallen by a good 30 percent in the previous course of the year, but it was still too early to go on a bargain hunt, says Schneider./Edh/men