A negative course is followed in European stock exchanges.
The Stoxx Europe 600 indicator index decreased by 0.2 percent from 540.34 points, the DAX 40 index in Germany is 22.527.5 points with a decrease of 0.6 percent and the FTSE 100 index in the UK is 8.536.25 points with a loss of 0.1 percent.
The FTSE MIB 30 index in Italy decreased by 0.9 percent to 37.982 points, the IBEX 35 index in Spain decreased by 0.2 percent to 12.764.94 points and CAC 40 index in France is 7.950.75 points with 0.5 percent loss.
Global markets continue to search for direction with worries about US President Donald Trump’s protectionist commercial attitude, while European stock exchanges are mainly moving on a new day.
The 25 percent of the US customs duties on steel and aluminum imports entered into force, while these tariffs came from retaliation statements from the European Union (EU) and Canada.
Analysts said that these statements increase the concerns that trade wars may be exacerbated and that the impact of tariffs on the metal market, which is important for manufacturing industry, is closely monitored.
EU Commission President Ursula von Der Leyen, said in a statement that the United States regrets steel and aluminum tariffs and said that they would respond to the level of the economic dimension of taxes.
Von der leyen, “US, steel and aluminum imports of 25 percent of customs duties apply. We are deeply saddened by this measure. Tariffs are taxes. Tariffs are bad for business, even worse for consumers.” he said.
Von Der Leyen stated that the customs duties disrupt the supply chain, make economies uncertain and endanger jobs.
Von Der Leyen, “The EU should take action to protect consumers and enterprises. Today, the counter measures we take are strong and proportional. The United States is applying a tariff worth 28 billion dollars. We take counter -euros of 26 billion euros. This coincides with the economic scope of the US tariffs.” evaluated.
On the other hand, the European Central Bank (ECB) President Christine Lagarde said that they are facing an extraordinary high level of uncertainty and said that it would be a challenging task to maintain price stability in the new period.
Noting that the established rules on the international order were upside down, Lagarde said the world witnessed political decisions that could not be considered a few months ago.
Today, with industrial production in the Euro Region, the US Producer Price Index (UFE) and weekly unemployment salary applications will be followed.
