European stocks rose on the second day on Tuesday as the market responded positively to the US-UK trade agreement proposal and the possibility of tariff relief in the auto sector.
Stoxx Europe 600 index and Morning Star Europe Index It had risen by about 1% by noon. Volkswagen shares his administration “seeing something to help some auto companies” in remarks from President Donald Trump. Vow Stellantis was rising at about 3% Stram Almost 5%.
In the UK, the FTSE 100 index is almost 1% higher, led by Miner Fresnillo OnionPrivate Equity Giant 3i iiiand Home Improvement Retailer Kingfisher KGF. A proposal from Vice President JD Vance of the US-UK Trade Contract helped the sentiment.
The largest FTSE 100 waterfall was Diageo dgeScotland’s mortgage investment trust SMTand astrazeneca AZN.
On the FTSE 250, the biggest waterfall was Burberry. brbydown 3.26% as investors reacted negatively to unexpectedly bad results posted by French luxury giant LVMH MCa sales error in the first quarter fell by 8%.
In the US, Futures Trading has projected another positive session for the S&P 500, Nasdaq and Dow Jones.
The US Treasury yield over the decade was 4.38%, up from 4.42% on Monday. The German park, the eurozone benchmark security for 10 years, had generated a 2.53% increase, a two-based point increase from Monday.
Will the positive market continue to move forward?
President Donald Trump told reporters Monday night that his administration is “looking at something to help some of the car companies that are switching to parts made in Canada, Mexico and elsewhere.”
“And they’re going to make them here, so it’s going to take a little time.”
The statement was the latest sector-centric statement from Trump, and comments were sent on the widespread use of tariffs to protect the US economy from imports from Trump. The stock market is in correction mode Over the past two weeks.
“There’s certainly a more twist to the development of the customs story,” says Michael Field, chief strategist of the European market at Morningstar.
“LVMH revenue is the only bad news today, but otherwise Trump’s comments about making things a little easier for automakers, being flexible in general is fuel for fire for positive momentum.
“That being said, Europe is simply pending for now, as the issue between the US and China has not yet been resolved. At some point, there could be further escalation in the trade dispute.”
Why does Trump impose tariffs on car manufacturers?
On April 2nd, Donald Trump confirmed that his administration would implement a 25% global import duties on all cars and auto parts imported into the United States. The only exception arises as a result of the US Mexico and Canada Agreement or the USMCA.
This will have a negative impact on European automakers, but it has not yet been decided.
“In spite of the downward revisions based on this scenario, we continue to believe that the current price has a sufficient safety margin as the stock is trading at a significant discount on our valuation,” she says.
“BMW BMW and Mercedes MBG Export about 50% of US production. This could be affected by retaliatory tariffs and could increase the negative impact on our fair value.
“On the other hand, Ferrari Race and Porsche PAH3 Most exposed. However, their excellent pricing power and the positive effect of price increases on the residual value of their customers’ existing cars reduces the overall impact of tariffs on their finances. This applies to Moto Ferrari more widely than narrow Moto Porsche. ”
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