As European scholarships operate down on the morning of Friday (7), as uncertainties about the tariff policy of the Trump government affect the appetite by risk and waiting for a new US employment report, the so -called payroll.
Around 6:30 am, the Pan-European index Stoxx 600 0.55%fell to 552.86 points.
Yesterday, US President Donald Trump decided to postpone the application of tariffs to Mexico and Canada until April 2, within the United States-Mexico-Canada agreement (USMCA). On the other hand, he said he intends to impose so -called reciprocal tariffs on the same date.
Commercial tensions damaged China’s trade balance in the first quarter.
The European luxury goods sector was a negative highlight at the above time, with a low of 2.7%. Between individual actions, Burberry fell 4.7% in London and Richemont bitter 4% losses in Zurich.
The brands face a challenging scenario, as Trump fares can weaken consumption in the US and boost luxury goods prices.
In the coming hours, investors in Europe will accompany Payroll, as is known the main US Employment Report. Data only from the private sector, released on Wednesday (05), showed creation of vacancies well below expectation.
In the European macroeconomic news, orders to the German industry disappointed in January with a much higher drop of 7%than it was expected. Final numbers of Gross Domestic Product (GDP) of the eurozone for the fourth quarter of 2024 will be known soon.
At 6:45 am (Brasília), the London scholarship fell 0.34%, Paris’s retreated 0.69%and Frankfurt yielded 1.21%. Already those of Milan and Madrid had their losses of 0.18% and 0.52%. On the other hand, Lisbon went up 1.32%.
