Trump pays attention to global traders
Market Danger Is Target Uncertainty Delay: RBC Brewin Dolphin
Even after U.S. President Donald Trump’s highly anticipated tariff announcement on Wednesday, uncertainty could have a “weird impact” on the market, Zoe Gillespie, chartered wealth manager at RBC Brewin Dolphin, told NebraskaDailyNews’s “Squawk Box Europe” on Wednesday.
“The danger is that we don’t have much clarity for a long time … This could delay any peak signal,” she said.
Gillespie said the full details of the tariffs announced on Wednesday were impossible, including other unknowns, including whether trading partners such as the EU would announce retaliatory tariffs and the impact on inflation and interest rates.
“It’s really hard because you’re preparing for the details you don’t really know… For the industry, is there a level of supply chain globally or at this stage, are you looking for more family-centric companies that aren’t too dependent on. The service sector is also another unknown company.”
– Jenni Reid
Credit Agriculture Scholarship Score European Central Bank allows hiking Banco BPM shares up to 19.9%
I saw a branch of the Agricultural Bank of Credit France in Warsaw, Poland.
jaap arriens | parenting | NebraskaDailyNews
French Bank said on Wednesday that the European Central Bank had authorized credit Agricultural Bank to increase its stake in Italian lender BANCO BPM to 19.9%.
The ECB’s permission is a prerequisite for stakeholders to improve their position among lenders with certain thresholds within the EU.
Credit Agricole disclosed Wednesday that it acquired a 9.9% stake in BANCO BPM through derivatives since the fourth quarter of last year. It plans to exercise the actual delivery of BANCO BPM shares in the position and to make its holdings account for 19.8% of the Italian lender’s equity.
“Crédit AgricoleSA has no intention of making a public offer for the capital of Banco BPM,” the French bank said. Banco BPM has attracted the takeover of the attractions of Italian rival Unicret, which revealed earlier on Wednesday that Italian regulators have authorized its offer documents.
– ruxandra iordache
European stocks open low
European stock markets opened on Wednesday, with the STOXX 600 falling 0.36% at 8:04 a.m. in London.
Both CAC 40 in France and DAX in Germany fell by about 0.35%, while FTSE 100 in the UK fell by 0.18%.
Stock chart graphic icon icon
Stoxx 600 index.
Economists say investors will assess the range of rising tariffs.
The Trump administration noted that it will impose “maximum” reciprocity tariffs on trading partners on April 2, but the scale of the rise will still be estimated.
IELPO said that according to his calculations, the market is priced between 6% and 10%, which is an illustration of factors such as import levels and exemptions.
“The market is ready for this and they’re always fighting its direct effects, rather than long-term, forward-looking effects that are hard to know,” Ielpo said.
“The worst case scenario is probably 17% of the region, which will be the biggest increase in tariffs we’ve seen in the 125-year tariff data. For this, the VIX (Volatility Index) is obviously not high enough.”
“The key information for the market is not to look at the industry, but to (see) the overall level of tariffs and the scale of their application,” he added.
– Jenni Reid
Italian regulator approves UNICREDIT’s BAPO BPM bidding documents
Thursday, September 12, 2024, the headquarters of Commerzbank AG in the Financial District of Frankfurt, Germany.
Emanuele Cremaschi | NebraskaDailyNews News | NebraskaDailyNews
Italian securities regulator Consob approved documents for the bid for Unicredit on Wednesday, UniCredit said in a press release.
The offer was green during the tender period between April 28 and June 23, with holders of each BPM share entitled to 0.175 newly issued Unicredit common shares and had conventional dividend rights.
At the end of last year, Unicredit unexpectedly made a $10.5 billion acquisition offer to Banco BPM at the end of November, in the footsteps of the building and the addition of surprise equity in Commerzbank. Banco BPM at the time replied that the bid did not reflect its profitability and potential to further create value.
– ruxandra iordache
European pharmaceutical industry brackets are used for tariffs
Ozempic and Wegovy containers seen at Children’s Hospital in Aurora, Colorado, November 18, 2024.
Kevin Mohatt | The Washington Post | NebraskaDailyNews
The pharmaceutical sector in Europe is having a potential impact on the exemption of U.S. President Donald Trump Fade to achieve the potential impact of U.S. tariffs.
So far, the pharmaceutical industry has exempted trade taxes, but Trump confirmed last week that he will soon impose tariffs on the industry.
Currently, drugmakers are lobbying for the president to rank Report On Tuesday, four sources familiar with the discussion were cited. The levy may not be announced on Wednesday, but may be inevitable, sources said.
Read the full story here.
– Karen Gilchrist
European Market: The following is the opening call
European markets are expected to open on Wednesday as global traders prepare for trade tariffs by U.S. President Donald Trump.
According to IG, the UK’s FTSE 100 index is expected to drop by 24 points to 8,558, Germany’s DAX fell by 38 points, while France’s CAC’s 4 points fell by 7,872, while Italy’s FTSE MIB’s 74 points fell by 37,977 points.
No major data was released Wednesday. Revenue is set for the Raspberry Pi.
– Holly Ellyatt
The White House considers tariffs on most imports about 20%.
White House aides drafted a proposal that would impose about 20% on tariffs on most imports, The Washington Post reported Tuesday.
The report cites three people familiar with the matter. It also said White House advisers warned that there are still several options, meaning 20% tariffs may not appear. Another plan under consideration is a country-by-country “reciprocity” approach, according to the Post.
The report comes the day after Donald Trump announced his larger global trade plan the day before April 2. The date has been listed on Wall Street, where stocks have been struggling, in part because of uncertainty surrounding the rapid changes in global trade policies.
Read the full story here
– Jesse Pound
(Tagstotranslate) Breaking News: Europe (T) Stoxx 600
