European stock markets record the first monthly decrease in the threat of American definitions.
US President Donald Trump is preparing to reveal mutual definitions on Wednesday, with uncertainty that surrounds his policies that weigh the market feeling.
propagandaEuropean stock markets March closed negative, which It is assumed that the first monthly decrease this yearWhile investors are preparing to display Trump’s mutual tariff with 25 % of the auto import fees. In the last market for securities in March, the Stoxx 600 Paneuropeo Index decreased by 1.51 %, DAX 1.33 % and CAC 40 1.58 %. Over the month, the three main indicators lost 3.8 %, 2.38 % and 4.09 %, respectively.
Despite this setback, The European variable got better results That the American this year. Wall Street recorded her greatest monthly decrease Since December 2022, with an increase in possible anxiety Economic consequences From the scope of definitions.
Trump will declare a mutual tariff on “Liberation Day”
Trump will announce mutual definitions on WednesdayAnd described it as the “day of liberation” of the United States. The new definitions will go to “all countries”He told reporters on one air force on Sunday. The White House press secretary, Caroline Levitte, confirmed on Monday The definitions will be “dependent on” states of exemptions “. He said Trump tariff plan “I will return to the unfair commercial practices that have imagined our country for decades,” and hinted that The European Union, Japan, India and Canada are likely to be among the goalsQuoting the highest import tariff for American products. 25 % tariffs on cars They will enter into force on the same day.
The US President also suggested imposing a tariff on medicinal products, wood and semi -conductors, and It is expected that in the coming weeks, the tariff will be imposed on copper. In February, Trump signed an executive order that began to investigate the imports of copper, claiming concerns of national security and economic stability. In the middle of March, duty 25 % tariffs on steel and aluminumAfter imposing a generalized tariff on imports from Mexico, Canada and China.
European consumption values perform generalized losses
It is expected Expand Trump’s tariff It affects many major European sectors, especially luxury goods, cars and health care. In March, periodic consumption values were the most late in the Stoxx 600, with a 12 % decrease. The fall of the sector has been led Because of the luxury values and car manufacturers. LVMH and Hermès 18 % and 12 % collapsed, respectively, last month. The auto sector also suffered from strong prediction losses From the definitions: Mercedes -Benz decreased by 9.3 %, Volkswagen decreased by 10 %, BMW decreased by 12 % and Stelantis collapsed by 17 %.
The values of health and technological sectors were among those that lost morePartially due to Trump’s threats to a tariff on medical products and semiconductor flakes. Novo Nordsk actions collapsed by 27 % in MarchThe worst result since 2022, after the disappointing results of its rehearsals The new generation of medicines To lose weight and anxiety about potential American definitions. In addition, the largest European technological values, SAP and ASML, have collapsed by 7.9 % and 10.7 % last month.
The euro records the largest monthly increase since 2022
on the contrary, The euro recorded its highest monthly return Against the US dollar since November 2022. The US/US dollar pair rose by 4.25 % in March, from 1.04 to 1.08. Optimism about tax plans From the European Union, including the increase in defensive spending and the reform of German debt, contributed to the recovery.
During, Weak US dollar Given the increasing concern that Trump’s tariff can stop economic growth. Various yield for public debt They also reflected the changes in the market feeling. The return on the German return for 10 years increased 29 basic points to 2.73 %, while the return on the American treasure for 10 years has been flat for at least three months from 4.21 %. Investors sought to obtain public debt security An American in the face of the increasing fear of recession, while European public debts were sold, which caused an increase in returns due to the increased demand for installments in anticipation of the increase in debt issuance.
