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Business Recorder
08-07-2025
- Business
- Business Recorder
European shares flat as investors assess new US tariff proposals
European shares were muted on Tuesday as investors assessed US President Donald Trump's new tariff proposals for a spate of countries. The pan-European STOXX 600 index was flat at 543.22 points, as of 0710 GMT. On Monday, Trump sent letters to 14 countries, including Japan and South Korea, unveiling sharply higher tariffs on imports into the US, to come into effect on August 1. A July 9 deadline to secure trade deals with the US was reset to August 1, but Trump said that the deadline was not 100% firm and he would consider extensions if countries made proposals. The European Union will not receive a letter from the US setting out higher tariffs, EU sources said on Monday, and the bloc is eyeing possible exemptions from the US baseline levy of 10%. European real estate shares fell 0.6%, while basic resources were up 0.7%. Belgian biotech firm ArgenX gained 1.4% after Deutsche Bank upgraded its stock to 'buy' from 'hold'. On the data front, German exports fell more than expected in May as demand from the US decreased for the second consecutive month following a period of strong purchases in anticipation of US tariffs.
Reuters
08-07-2025
- Business
- Reuters
European shares flat as investors assess new US tariff proposals
July 8 (Reuters) - European shares were muted on Tuesday as investors assessed U.S. President Donald Trump's new tariff proposals for a spate of countries. The pan-European STOXX 600 index (.STOXX), opens new tab was flat at 543.22 points, as of 0710 GMT. On Monday, Trump sent letters to 14 countries, including Japan and South Korea, unveiling sharply higher tariffs on imports into the U.S., to come into effect on August 1. A July 9 deadline to secure trade deals with the U.S. was reset to August 1, but Trump said that the deadline was not 100% firm and he would consider extensions if countries made proposals. The European Union will not receive a letter from the U.S. setting out higher tariffs, EU sources said on Monday, and the bloc is eyeing possible exemptions from the U.S. baseline levy of 10%. European real estate shares (.SX86P), opens new tab fell 0.6%, while basic resources (.SXPP), opens new tab were up 0.7%. Belgian biotech firm ArgenX ( opens new tab gained 1.4% after Deutsche Bank upgraded its stock to "buy" from "hold". On the data front, German exports fell more than expected in May as demand from the U.S. decreased for the second consecutive month following a period of strong purchases in anticipation of U.S. tariffs.
Yahoo
08-07-2025
- Business
- Yahoo
European shares flat as investors assess new US tariff proposals
(Reuters) -European shares were muted on Tuesday as investors assessed U.S. President Donald Trump's new tariff proposals for a spate of countries. The pan-European STOXX 600 index was flat at 543.22 points, as of 0710 GMT. On Monday, Trump sent letters to 14 countries, including Japan and South Korea, unveiling sharply higher tariffs on imports into the U.S., to come into effect on August 1. A July 9 deadline to secure trade deals with the U.S. was reset to August 1, but Trump said that the deadline was not 100% firm and he would consider extensions if countries made proposals. The European Union will not receive a letter from the U.S. setting out higher tariffs, EU sources said on Monday, and the bloc is eyeing possible exemptions from the U.S. baseline levy of 10%. European real estate shares fell 0.6%, while basic resources were up 0.7%. Belgian biotech firm ArgenX gained 1.4% after Deutsche Bank upgraded its stock to "buy" from "hold". On the data front, German exports fell more than expected in May as demand from the U.S. decreased for the second consecutive month following a period of strong purchases in anticipation of U.S. tariffs.
