Stocks listed in Europe look poised to open broadly higher on Friday, as investors assess the latest trade policy announcements out of the White House.
Boxes of medication are seen on the shelves of the Keencare pharmacy, a member of the Green Light Group, on September 19, 2024 in London, England.Stocks listed in Europe look poised to open broadly higher on Friday, as investors assess the latest trade policy announcements out of the White House.
Futures tied to London's FTSE 100 were last seen trading 0.2% higher, while those tied to the German DAX index were up 0.2% and France's CAC 40 futures added 0.3%.. Companies who built manufacturing facilities in America would be exempt, Trump said, but only once they started breaking ground on the construction of U.S. plants.Trump also announced on his Truth Social platform on Thursday night that heavy trucks would beIn a note circulated in the wake of the announcements, JP Morgan strategists downplayed the impact the new tariffs would have on the pharmaceutical sector. " potential 100% tariff should largely be avoidable with us based manufacturing buildout," they said. "And while there remain a number of unknowns on tonight's announcement … we continue to see a very manageable overall impact from tariffs to our large cap coverage."that the bloc was planning to impose tariffs of up to 50% on Chinese steel in the coming weeks.
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