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European shares mixed on caution ahead of US tariff deadline - The Economic Times

Published 2 days ago3 minute read
European shares mixed on caution ahead of US tariff deadline
Reuters

European shares displayed a mixed performance as investors closely monitored trade-related developments ahead of President Trump's tariff deadline. While Germany's DAX saw gains, France's CAC 40 and the UK's FTSE 100 experienced declines. Trump's statements regarding potential tariff increases and deadlines added uncertainty, while energy stocks fell, and banks rose. Capgemini's acquisition of WNS also impacted trading.

were mixed on Monday, with investors alert for any trade-related headlines in the countdown to U.S. President Donald Trump's tariff deadline.
The U.S. is close to finalising several trade agreements in the coming days and will notify other countries of higher tariff rates by July 9, Trump said on Sunday. The new rates are set to take effect from August 1.

Trump also threatened an extra 10% tariff on countries aligning themselves with the "anti-American policies" of the BRICS group of developing nations.

Both the tariff levels and effective dates have become moving targets as Trump, on Friday, added to the confusion by mentioning that some tariffs could reach up to 70%, levels far higher than the 10%-50% range he announced in April.
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A White House official said on Friday that U.S. trade talks with the European Union were continuing and there was optimism an agreement could be reached in short order.

European energy stocks fell 1.3%, tracking oil prices. Banks were up 0.6%.

Capgemini fell 2.8% after the French IT services firm agreed to buy technology outsourcing company WNS for a cash payment of $3.3 billion.

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