As European scholarships operate on the rise on the morning of Monday (4), ensuring partial recovery of the robust losses they suffered in the previous trading session in reaction to the last round of tariffs of the Trump government. Switzerland, however, falls after the White House raises the country’s goods at 39%.
At around 6:25 am (Brasília), the Pan-European Stoxx 600 index advanced 0.71%, to 539.59 points, after bittering the largest drop in more than three months on Friday (1).
The SMI SMI index, however, retreated 0.50%, upon returning from an extended weekend. The 39% rate that the US imposed on Switzerland is much larger than the 15% rate set to the European Union, Japan and South Korea.
On the other hand, British banks advance in London after the UK’s Supreme Court make a decision on vehicle financing that favors the sector. At the above time, Lloyds jumped 7.3% and the banking group Close Brothers fired 20%.
Last week, Trump’s decree setting up “reciprocal” tariffs from 10% to 41% to 69 US business partners and weak American labor market data, which revived concerns about the health of the world’s largest economy, overthrew equity markets in Europe and New York.
At 6:40 am (Brasília), the London scholarship rose 0.46%, Paris’s advanced 1.03%and Frankfurt’s earned 1.39%. Those of Milan, Madrid and Lisbon, in turn, had their respective 1.84%, 1.32%and 1.01%.
