The European stock market has opened up a widespread rise. Investors have been relieved when US President Donald Trump has shown flexibility in his customs requirements. On Monday, Trump announced that he was considering relief for those who have car and car parts.
After twenty minutes of trading, the extensive Stoxx 600 index was rising by xx percent. Almost all stock areas were on the rise. On average, the shares of automotive companies were more than 2.0 % rising. For example BMW: N The price of the share was 3.1 % rising.
There was a sharp decline in the Activity Act of Consumer Products and Services. This index is printed by LVMH’s 7.7 % decrease. Sales of the company early in the year were lower than expected. Sales weakened both in China and in the United States. Comparable net sales fell by 5 %.
The invoice also grabbed other luxury companies. The price of the Kering share was 2.7 %.
Exchange rate change will enhance the differences in market yields
Euro investors have suffered more than local dollar investors from the decline in the US stock market. The United States’ central S&P 500 index has fallen by less than eight per cent in the turn of the year, but in euros the decline is almost 16 %.
Particularly in recent days, the yields received by the euro investors have been influenced by a severe decline in the dollar. By the turn of the year, the dollar has deteriorated by about nine percent in euros.
The dollar deterioration is due to the decline in investors’ confidence in the US economy. Surprising customs policy has frozen investments. Both companies and investors re -think about their positions.