Europe stocks down due to Trump's tariff threat, auto sector hit hard.

From Investing.com: 2024-11-26 04:11:46

European shares opened lower on Tuesday due to Donald Trump’s tariff threat on major trading partners, sparking fears of a global trade war. The pan-European was down 0.5%, with the auto sector dropping over 2%. Trump’s pledge of tariffs on Canada, Mexico, and China also impacted the dollar and global equities.

Stocks in the tech, retail, and mining sectors were hit hard, each dropping more than 1%. Roche’s shares fell over 1% after a lung cancer study disappoint. However, the Swiss company announced plans to acquire Poseida Therapeutics in a deal worth up to $1.5 billion. Melrose Industries saw gains, rising 8%, following a target price upgrade by JP Morgan.



Read more at Investing.com: Auto stocks lead losses in Europe on Trump’s tariff risk By Reuters