News Formal

Trump Trade Threat Priced into European Stocks, Barclays Says

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 38 sec. here
  • 17 min. at publisher
  • 📊 Quality Score:
  • News: 70%
  • Publisher: 50%

Business Новости

Company News,Elections,Europe

The risk of potential trade tariffs resulting from a Donald Trump US election win has already been priced into shares of major European exporters, according to Barclays strategists.

Strategist Greg Valliere says Trump and Trudeau's rocky relationship in 2017 could worsen in the event of a second Trump presidency.

“Tariff concerns have been a drag on EU equities,” the research team lead by Emmanuel Cau wrote in a note Wednesday. They estimate that a full-blown trade war could result in a high single-digit drag on earnings per share growth. A Goldman Sachs Group Inc. basket of European companies expected to be negatively impacted by US tariffs is down 11% this year, while the pan-European Stoxx 600 Index is up 8.7%.

While a Trump win risks adding to the pressure on European stocks following a shaky start to the third quarter earnings season, the Barclays strategists note potential for a rebound if Kamala Harris wins. Sectors including clean and renewable energy would stand to benefit, having been impacted by rising odds of a Trump win.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 83. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Premarket: U.S. futures rise as chip stocks rally after TSMC results; economic data in focusEuropean stocks gain, euro weak ahead of ECB, ‘Trump trade’ lifts U.S. dollar
Источник: globeandmail - 🏆 5. / 92 Прочитайте больше »