In Europe, the stock markets in a gentle slope after Trump’s customs – “the market does not believe in Trump’s threats”

European The stock market has fallen slightly on Thursday since the US President Donald Trump announced that it was planning duties for the European Union (EU).

On Wednesday, Trump said his administration at the meeting asked that he would place 25 % Customs for cars and other products imported from the EU.

On Thursday afternoon, the Stoxx 600 index, which follows the price development of European shares widely on Thursday afternoon, had fallen by 0.5 percent to 557.11 points.

At the same time, the Dax index on the Frankfurt Stock Exchange was 0.8 per cent on the European Grand Exchange and 0.5 per cent on the Paris Stock Exchange CAC40.

The Helsinki Stock Exchange’s OMXH General Index was 0.9 percent minus at 10,462.04 points.

Swedish SEB Bank estimates that duties that emerged on Wednesday would weaken the growth of both US and European economies.

“Trump’s comments increase not only the risk of the bilateral trade war, which harms both the United States and European economies, but also wider weakens the transatlantic union,” SEB estimates.

Despite the threat of the trade war, the slump of the courses has been gentle. OP Finance Group General Strategist Lippo Suominen Note that the shares do not affect “much the start of Trump’s latest customs speeches to Europe and elsewhere.”

“The twenty -five percent duties would hit the economy and shares, which indicates that the market does not believe in Trump’s threats,” Suominen comments on the subdued index futures on Thursday morning before the stock markets open on Somipalvelu X.

Trump On Wednesday, commented not only EU duties but also Canada and Mexico and the statements were partly contradictory.

The president was asked at the event whether he had decided on EU subsidy on certain products. Trump said that these duties would be 25 percent and then talked about car duties and other products.

The White House representative later clarified For Bloomberg news agencythat Trump’s administration is still considering all alternatives, that is, whether the duties target all EU imports, certain products or sectors. No decisions have yet been made, the administrative representative said.

Already in mid -February, Nordea’s economists reminded of Trump’s Customs Policy for volatility.

“Trump customs plans have changed almost every day, and there is still a lot of uncertainty about the final scales and coverage of customs,” Nordea’s review wrote.

In its basic forecast, Nordea estimates that the United States will introduce a low and extensive duty for imports from Europe. According to the bank, in such a scenario, the direct impact on the economic growth of the euro area and the Nordic countries would be small.

OP’s asset management Last week, European stocks in their investment portfolio to be overweight. OP believes that European home market companies are supported by the growth of consumer purchasing power. Purchasing power is increased by the decline in interest rates and the increase in wages.

“Trump is bustling with trade and threatening customs fees, but European small and medium -sized companies do not suffer as badly as their business focuses on domestic markets,” OP’s Suominen estimates in the financial group.

The Stoxx 600 index has risen by about ten percent since the beginning of the year and the OMXH index on the Helsinki Stock Exchange, which has long suffered a long time.