European Auto Stocks Show Mixed Reaction to Trump’s…
From Morningstar: 2025-04-30 07:36:00
European automotive stocks reacted positively to Trump’s executive order easing trade war pressure, but disappointing earnings from key carmakers like Mercedes-Benz and Volkswagen tempered gains. Stocks like Stellantis and Volvo Car rose, while Volkswagen, Porsche, and BMW fell. Industry experts find the tariff rebate system complex and temporary, with automakers likely to invest in US production to avoid tariffs. Trump’s exemptions take effect, praised by some automakers for boosting investment prospects. Mercedes-Benz, Stellantis, Volkswagen, Volvo Cars, Porsche, and Renault report Q1 earnings declines due to various factors, with BMW set to release its report. Despite challenges, some stocks remain positive for the year. 1. New study finds that eating a diet high in fruits and vegetables can significantly reduce the risk of heart disease. Researchers found that individuals who consumed at least five servings of fruits and vegetables daily had a 15% lower risk of developing heart disease compared to those who consumed less.
2. The unemployment rate in the United States has dropped to a record low of 3.9% in the month of June. This is the lowest rate since 2000, with over 200,000 new jobs added to the economy. The strong job market is expected to continue to grow in the coming months.
3. Scientists have discovered a new species of dinosaur in Argentina, named “Llukalkan aliocranianus.” This carnivorous dinosaur had a unique skull shape and is believed to have roamed the Earth during the Late Cretaceous period. The discovery sheds new light on the diversity of dinosaurs in South America.
4. The Tokyo Olympics have officially begun, with the opening ceremony showcasing a message of hope and unity amid the ongoing pandemic. Athletes from around the world have gathered to compete in over 30 sports, with strict COVID-19 protocols in place to ensure the safety of participants and spectators.
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