In the “red” but far from the low days, European stock markets ended the last meeting of the week, as US President Donald Trump’s threat of imposing 50% duties on European Union imports from June 1st has brought back European fears.

European indicators started the meeting as investors welcomed the upward revision of the growth rate of the German economy – which is the “locomotive” of Epirus – in the first quarter of the year, to 0.4% from 0.2% of the preliminary measurement, but also a significant increase. Estimates for 0.2%.

However, the “hurricane” Trump once again hit the markets and changed the climate, with the threat of a new escalation of trade war with Europe causing a mini-off in the Epirus markets, which completed the day down, but away from the low days.

The pan -European index Stoxx 600, An intra -conference reached about 2%, finally closed almost 1%below 545.15 points, marking the highest daily retreat from April 9, with the car industry at a loss of 3.1%, followed by the luxury industry and 2.7%.

With a drop of 1.77% completed the day the index Euro Stoxx 50 With the “heavy papers” of the eurozone, also limiting its intra -conference higher losses.

A similar course was followed by the individual, national stock markets. In Frankfurt the index DAX closed with a drop of 1.61%, in Paris the Cac 40 lost 1.65%while in London o FTSE 100 Converted 0.24% lower. In European wandering, the index Ibex 35 in Madrid fell by 1.33%, while the FTSE MIB In Milan it slipped 1.94% lower. All the indicators, however, were able to limit the highest higher losses they recorded shortly after Trump’s threat was launched.

Shares of European banks

The risk of risk avoidance caused by the latest Trump duty threat is particularly evident in the banking industry, with the sectoral index to record 3.6% drop and the individual securities of financial institutions to record strong losses.

Her share Deutsche Bank notes ‘dip’ 5%, its title Societe Generale loses 4.9%while her Unicredit It recedes by 3.77%. Luxury companies Swatch group and Essilor luxottica They also note losses of more than 5%.

In red and Wall Street

Pressure is also under pressure in the US, after the new Trump threat to step up the trade war with Europe and its “fears” to Apple that it will face 25% duties if it does not start manufacturing iPhone’s popular mobile phones and other products in America.

The main indicators of the US market have begun the meeting, but have limited their losses along the way. The industrial index Dow Jones loses 170 points or 0.42%, the wider S&P 500 records losses of 0.47%while the techno Nasdaq It declines above 0.71%.

Today’s decline is expanding the losses of key American indicators over a week, now exceeding 2%.

At the level of individual shares, the share of Applewhich has been targeted by the US president in recent days, has dropped more than 2%, while the titles of other technology companies are reported, with the hemoplans colossus. Nvidia to lose 1% and the Micron and Qualcomm Write losses of 2.5% and 3.3% respectively.

Investors flock to bonds

In fear of escalating the trade war, investors abandon, as mentioned above, the shareholder values ​​seeking security in state bonds – especially developed economies such as the United Kingdom and Germany – which historically are considered a safe source of stable income as governments are unlikely.

This confrontation has ejected the prices of short and long -term titles, lowering their yields that move in vice versa.

The performance of 10 -year bondwhich is considered a reference point for the eurozone, moves 8 points lower, at 2.56%, while by approximately 6 basis points the yields recede yields of 10 -year -old French and Italian titles. “Dive” by 12 points is also noted by the 10 -year bond of Switzerland.

It is noted that the performance of German 2 -year and 5 -year bonds decreased by 10 basis points at 2:02 pm in London while falling by 9 basis points was also marked by the performance of the 2 -year -old French titles.

Respectively, the German 20 years and 30 years bonds saw their yields recede about 7 basis points lower while the returns of French and Italian 30 -year -old bonds have been reduced by 5 basis points.

Slides the euro, retreats from high 1 year the sterling

The euro, after Trump’s new threat to 50%in Europe, lost almost all profits of 0.7%, which recorded earlier than the US dollar and currently increased by only 0.2%.

The British pound is also under pressure, which had climbed to a high 1 year before the dollar, but then began to lose pace and now only reinforced by 0.5% against the US currency.