Trump’s erratic tariff policy shakes confidence in Europe’s market bull run

#Trumps #erratic #tariff #policy #shakes #confidence #Europes #market #bull #run

London: Investors are calling on the European stock rally and euro after a peel of the first quarter that many fears have exaggerated that planned public spending can still be restored to the slow economy of the region and it can be turned against the risks of trade war.

Organizers of the biggest assets, including Europe’s largest Amandi, said they had reduced or reduced the stake over the euro or carved rapid European equity trade, as US President Donald Trump is preparing to announce bilateral trade taxes on April 2.

Many people said that the so -called Euroforia trade, which brought German shares to their best quarter since 2022 and reached the height of five months in March in March, had already benefited most of the most economic stimuli.

“If the Trump administration decides to push trade partners towards a trade war, it will be a downturn for European equality,” said CIO Benjamin Melman.

On Thursday, global markets were played on Thursday after Trump announced 25 percent of the import of car, which is less than 2.0 percent of European equity as billions of euros were wiped out by German car makers.

Luka Pulini, chief strategist of the Packet Asset Administration, said more bad news about prices would probably affect European assets, which are more likely to be more stimulated than the US markets before the White House’s wrong trade policy. “I think it makes sense to not be out of Europe, but to make some profit,” he said. “The easy win is over.”

Lost

As tariff winners and losers turned around the market view, on March 18, the euro fell to 1 1.01 in February.

The head of Amandi’s World FX Andreas Coenig said the group would avoid construction positions in favor of the euro if the dollar supports were expected to be overturned.

Coenig has named ‘Liberation Day’, “What we all has in front of us is still April 2.” Chris Jeffrey, head of the macro -strategy in the UK’s largest asset manager Legal and General Investment Management, said the group has reduced a prerequisite for strengthening the euro, while London Bank Arghanot Latham’s head of investment management, Erin Usman, said he had a positive condition.

Although Usman termed the all -out trade war for global equities as a “lost” situation, he said stimulation costs could help European assets work better than others in such a scenario.

“I don’t think defense expenses in Europe keep it above water,” he said. “But financial promotion is a separate story that provides a little support.”

‘Slowly torture’

Former European Central Bank chief Mario Dragie said in a widespread study report last year that Europe has faced “slow harassment” and needs to promote innovation in relation to more and more integrated industrial policy, rapid decision -making and widespread investment.

“Markets, markets will need a new trigger to get the second leg. The signal will be implemented by some parts of the dragi reports.

Europe’s economic rehabilitation is just beginning, business activities in the mild growth region and Germany have predicted that two years of misery will end. City’s Euro Area Economic Surprise Index, which records whether the data market expectations have been behind, has been positive since early February. But its separate gauge is above its one -year average whether the original data of the Eurozone is below zero, which shows that there are no wider albinos.

The British group has considered a reduction in its US equity holdings and supporting Europe, said the head of the Royal London assets administration of Multi East Trevor Grithm. He said, “It is not that you can see a rise in Europe, but he liked the region” relatively terms in terms “.

Meanwhile, Russell Investment Chief Investment Strategy Andrew Pes said that the group’s central global equity fund has a small positive bias for European stocks as the region’s long -term chances have improved, but it has not increased. “The biggest question mark around this is April 2,” he said. “If this causes global recession, then Europe cannot escape it.”