President Trump announced global tariffs impacting European sectors in Q2, with Eurozone markets outperforming UK

From Morningstar: 2025-07-01 05:45:00

US President Donald Trump announced global tariffs impacting European sectors like automotive, pharmaceutical, and technology in Q2. Eurozone markets outperformed the UK, with the Morningstar Europe Index hitting new highs. European defense stocks, including Rheinmetall and Saab, rallied further. The ECB made two rate cuts, with market experts forecasting a pause in the rate-cutting cycle. Germany’s Bund yields have been volatile due to increased borrowing costs and demand as a safe-haven asset. The euro gained against the dollar, reaching $1.17 by June 30.



Read more at Morningstar: 5 Charts on European Markets in Q2