{"id":58184,"date":"2025-04-02T16:49:08","date_gmt":"2025-04-02T16:49:08","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/04\/02\/european-stocks-close-on-weak-note-ahead-of-trumps-tariff-announcement\/"},"modified":"2025-04-02T16:49:08","modified_gmt":"2025-04-02T16:49:08","slug":"european-stocks-close-on-weak-note-ahead-of-trumps-tariff-announcement","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/04\/02\/european-stocks-close-on-weak-note-ahead-of-trumps-tariff-announcement\/","title":{"rendered":"European Stocks Close On Weak Note Ahead Of Trump’s Tariff Announcement"},"content":{"rendered":"
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European stocks closed mostly weak on Wednesday as investors chose to refrain from making significant moves ahead of U.S. President Donald Trump’s tariff announcement. <\/p>\n

According to reports, the U.S. President is looking to impose a sweeping 20% tariff on most imports, and a separate 25% global tariff on auto imports. <\/p>\n

Trump is scheduled to announce the new tariffs in a Rose Garden event shortly after the close of trading, with White House press secretary Karoline Leavitt indicating the new levies will be “effective immediately.”<\/p>\n

There is still some uncertainty about the quantum of levy and any possible exemptions from tariffs to some countries.<\/p>\n

The pan European Stoxx 600 fell 0.5%. The U.K.’s FTSE 100 close down 0.3%, Germany’s DAX ended 0.66% down, and France’s CAC 40 lost 0.22%. Switzerland’s SMI closed lower by 0.77%.<\/p>\n

Among other markets<\/span> in Europe, Austria, Belgium, Denmark, Finland, Iceland, Netherlands, Norway, Russia, Sweden and Turkiye closed weak.<\/p>\n

Greece, Ireland, Poland, Portugal and Spain ended higher.<\/p>\n

In the UK market, Rolls-Royce Holdings closed lower by 3%. Vodafone Group, GSK, Persimmon, British American Tobacco, St. James’s Place, Fresnillo, Taylor Wimpey, Melrose Industries, Beazley, Imperial Brands, Schroders, AstraZeneca and Croda International lost 1.2 to 2.5%.<\/p>\n

Bunzl climbed 3.2% and WPP rallied 3%. Marks & Spencer, JD Sports Fashion, Associated British Foods, Whitbread, IAG, Next, Diageo, Natwest Group, Intercontinental Hotels, Barclays and Admiral Group gained 1 to 2.5%.<\/p>\n

In the German market, Rheinmetall and Bayer lost 4.2% and 4%, respectively. Vonovia, Deutsche Telekom, Deutsche Post, MTU Aero Engines, Infineon Technologies, BASF and Adidas closed down 1 to 2%.<\/p>\n

Zalando gained 3.7% and Heidelberg Materials advanced 2.3%. Beiersdorf and Siemens Energy closed higher by 1.6% and 1.2%, respectively.<\/p>\n

In the French market, Airbus ended down 3.17%. Teleperformance closed lower by 2.74%, while Societe Generale, Sanofi and Thales lost 1.5 to 1.7%.<\/p>\n

ArcelorMittal, STMicroElectronics, BNP Paribas, Edenred, Orange, Stellantis and Michelin closed notably lower.<\/p>\n

Pernod Ricard, Engie and Accor climbed 1.25 to 1.6%. Publicis Groupe, AXA, Dassault Systemes, L’Oreal, Veolia Environment, Legrand, Renault, Bureau Veritas, Vinci and Saint Gobain posted moderate gains. <\/p>\n<\/p>\n<\/div>\n