European Stocks Rise as Trump Imposes New Tariffs on U.S. Imports
TL;DR Summary
European stocks rose despite US tariffs on pharmaceuticals and other goods, as markets had already priced in these tariffs. US economic data suggests resilience, leading to reduced expectations of Fed rate cuts, while the dollar gained weekly. Oil prices increased, and US Treasury yields rose slightly.
Topics:top-news#dollar#european-stocks#fed-rate-cuts#financial-markets#trump-tariffs#us-economic-data
- European stocks lead as Trump tariffs knock Asia, Fed rate cut bets recede Reuters
- Trump’s New Tariffs Shock Countries Reeling From His Chaotic Trade War The New York Times
- Trump Pharma Tariff Plan Looks Like Reprieve for Many Drugmakers Bloomberg.com
- Trump announces a 25% tariff on trucks and a 30% tariff on furniture CNN
- Trump to place import taxes on drugs, home furnishings and heavy trucks NPR
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