> European markets closed mixed on Friday, but notched a tenth straight week of gains despite uncertainty from US President Donald Trump’s tariff threats. The pan-European Stoxx 600
index pulled back from earlier losses to close fractionally above the flatline. The Stoxx Technology index was the worst performer, falling 1.5% as it felt the knock-on effects from Thursday’s sell-off of chipmaking giant Nvidia. The global tech bellweather rebounded Friday as investors continued to assess its quarterly earnings report. Dutch semiconductor manufacturer BE Semiconductor was down 1.7%, while ASM International and ASML both lost more than 2%.
> Trump earlier this week threatened to impose 25% duties on imports from the EU, saying the tariffs would be announced “very soon” and apply to “cars and all other things.”The president also confirmed on Thursday that sweeping 25% tariffs on goods entering the US from Canada and Mexico would come into effect on March 4, while China will face additional 10% tariffs from that date.
> Following talks with UK Prime Minister Keir Starmer in Washington on Thursday, Trump hinted that Britain may manage to avoid his tariffs regime. Despite Friday’s stock market downturn, the Stoxx 600 is set to end the week with a modest gain, continuing an unbroken run in the green this year, and adding more than 3% in February. The S&P 500 has meanwhile suffered a loss of around 2.5% this month. The benchmark gauge for European markets also outperformed the US in January, with factors including a possible end to the Russia-Ukraine war, solid earnings and a brighter economic outlook boosting sentiment.
!ping EUROPE
runnerd81 on
As much as I would like to dunk on Trump policy causing foreign markets to outperform a one month sample size return after over a decade of US outperformance means nothing. Outside of a major crash, markets are just noise when measured month over month.
el__dandy on
Glorious Europe, Inshallah!… Now please deregulate national champions, get rid of the farm subsidies, an offer glorious globalization to every single nation in this world. Except America.
breakinbread on
waow, I wonder what their secret is
omnipotentsandwich on
That’s why I’ve sold half my American stocks and replaced them with European ones. I’m now EU-pilled.
PM_ME_QT_TRANSGIRLS on
This sub won’t want to hear it but EU stocks are cheering the prospect of Trump surrendering Ukraine to Russia.
6 Comments
> European markets closed mixed on Friday, but notched a tenth straight week of gains despite uncertainty from US President Donald Trump’s tariff threats. The pan-European Stoxx 600
index pulled back from earlier losses to close fractionally above the flatline. The Stoxx Technology index was the worst performer, falling 1.5% as it felt the knock-on effects from Thursday’s sell-off of chipmaking giant Nvidia. The global tech bellweather rebounded Friday as investors continued to assess its quarterly earnings report. Dutch semiconductor manufacturer BE Semiconductor was down 1.7%, while ASM International and ASML both lost more than 2%.
> Trump earlier this week threatened to impose 25% duties on imports from the EU, saying the tariffs would be announced “very soon” and apply to “cars and all other things.”The president also confirmed on Thursday that sweeping 25% tariffs on goods entering the US from Canada and Mexico would come into effect on March 4, while China will face additional 10% tariffs from that date.
> Following talks with UK Prime Minister Keir Starmer in Washington on Thursday, Trump hinted that Britain may manage to avoid his tariffs regime. Despite Friday’s stock market downturn, the Stoxx 600 is set to end the week with a modest gain, continuing an unbroken run in the green this year, and adding more than 3% in February. The S&P 500 has meanwhile suffered a loss of around 2.5% this month. The benchmark gauge for European markets also outperformed the US in January, with factors including a possible end to the Russia-Ukraine war, solid earnings and a brighter economic outlook boosting sentiment.
!ping EUROPE
As much as I would like to dunk on Trump policy causing foreign markets to outperform a one month sample size return after over a decade of US outperformance means nothing. Outside of a major crash, markets are just noise when measured month over month.
Glorious Europe, Inshallah!… Now please deregulate national champions, get rid of the farm subsidies, an offer glorious globalization to every single nation in this world. Except America.
waow, I wonder what their secret is
That’s why I’ve sold half my American stocks and replaced them with European ones. I’m now EU-pilled.
This sub won’t want to hear it but EU stocks are cheering the prospect of Trump surrendering Ukraine to Russia.