European stock indexes fall after Trump’s customs duties
European stock indexes are falling today after US President Donald Trump has introduced reciprocal customs duties to more than 180 countries and territories worldwide, including 20 % customs duties imported from the European Union and 10 % for UK goods.
The Trump administration, which declared April 2nd the « Liberation Day », also introduced 25 % customs duties on all foreign-made car imports, reports CNBC.
According to the US president, that date « will be remembered forever as the day the American industry is reborn ».
The DAX Frankfurt Stock Exchange fell today at 9:30 am to 21,868.05 points, the British FTSE 100 at 8,488.95 points, the French CAC 40 at 7,681.67 points, while Moscow MoEX climbed to 2,946.28 points.
The shares of many European companies are falling today. German Puma fell nine percent, Adidas 8.6 percent, Swedish Volvo nine percent, and Danish ship company Maines 7.4 percent, CNBC reported.
The value of the US Stock Exchange Index Dow Jones rose to 42,225.32 points at yesterday’s closure, the SIP 500 index dropped to 5,670.97 points, and the value of the Nasdak index fell to 17,601.05 points.
According to current stock market data, crude oil prices fell to $ 69,157 and Brent oil at $ 72,412.
The price of gold dropped to $ 3,120.99 for an ounce.
The value of the euro against the Forex Stock Exchange is 1,09752, higher than the values observed in trading yesterday.
