The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Trump tariffs threaten European companies with varying levels of preparedness
Re-elected US President Trump threatens punitive tariffs on imports, potentially impacting the European economy, particularly German companies. While firms like Henkel, Danone, and L'Oréal are well-prepared due to local production, Beiersdorf and Reckitt face significant risks due to their reliance on imports. The financial burden of tariffs will depend on their levels, import volumes, and companies' ability to pass on costs to consumers.
ubs maintains neutral rating for henkel with target price of 85 euros
UBS has maintained a "Neutral" rating for Henkel vz shares, setting a target price of 85 euros, following a strong Q3 performance driven by high prices. As of 10:12 a.m. in XETRA trading, shares rose 1.1% to 81.34 EUR, indicating a growth potential of 4.5%. The Q3 2024 key figures are set to be released on November 6, 2024.
US election and Fed meeting set to drive market volatility this week
Investors are closely watching the upcoming US presidential election, with Kamala Harris slightly leading Donald Trump according to Predictlt. The Federal Reserve and Bank of England are set to announce interest rate decisions this Thursday, while key economic data and corporate earnings reports will also influence market movements. Increased volatility is expected as the election outcome may take time to finalize.
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