The European lead fairs increased considerably on Monday. The fact that US President Donald Trump announced that the new rates have been moved to imports of the EU for a month caused enlightenment to investors.
The ThyssenKrupp shares in Focus with an increase of 8.8 percent were on the German market. According to the Steel and Naval Shipbuilding divisions, the industrial group now wants to distribute the other business areas independently. In the medium term they want to become a strategic group management company with independent units, the company said. The group has around 96,000 employees worldwide.
The newspapers of the car manufacturer Stellantis, which accelerates with 4.8 percent, were at the top of the Euro Stoxx 50 on Monday. The Siemens shares won three percent behind it, followed by Saint-Gobain titles with 2.6 percent. Volkswagen improved by 2.5 percent. The strongest profits were therefore available for raw material values and industrial and automotive groups, the lowest growth in turn the retail trade.
The Euro Stoxx-50 Castle with an increase from 1.30 percent to 5,395.33 points. In Frankfurt, the Dax last held 23,998.52 points. There was no trade in London because of holidays. The stock markets in the United States were also closed because of the “Memorial Day”.
There have been excesses again since the weekend
As reported, US President Donald Trump announced on Sunday (local time) to suspend the EU rates for an amount of 50 percent to July 9. He had only announced the increase on Friday and sent the stock markets on a descent.
The EU wants to avoid a new escalation of the trade conflict and retain the conversations. “Europe is ready to promote conversations quickly and determined,” said EU President Ursula von der Leyen after a phone call with Trump.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
