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European stock markets recover as UBS shares decline amid tariff concerns
European stock markets rebounded on Tuesday, with the EuroStoxx 50 rising 0.89% amid easing tensions over US tariffs, particularly after the suspension of tariffs on Mexico and Canada. However, the Swiss market struggled, primarily due to a 7.1% drop in UBS shares, overshadowing positive quarterly results. In contrast, BNP Paribas saw a 4.2% increase following better-than-expected earnings, while Ferrari's shares surged 8.0% on strong quarterly results.
European stock markets recover as UBS shares decline amid tariff concerns
European stock markets rebounded on Tuesday, recovering some losses amid easing tensions over US tariffs, particularly with Mexico and Canada. The German index rose 0.89%, while the Swiss market fell 0.57%, largely due to a 7.1% drop in UBS shares despite strong annual results. Car manufacturers like Ferrari saw gains, with shares jumping 8.0% after exceeding quarterly expectations.
european markets rebound as us tariff tensions ease and company results vary
European stock markets rebounded on February 4, 2025, with the EuroStoxx 50 rising 0.89% amid easing tensions over US tariffs, particularly after the suspension of tariffs on Mexico and Canada. However, the Swiss SMI fell 0.57%, primarily due to a 7.1% drop in UBS shares, despite the bank's strong annual results. In contrast, BNP Paribas saw a 4.2% increase following better-than-expected quarterly figures, while Ferrari's shares surged 8.0% on strong operating results.
european markets struggle amid customs uncertainty and weak banking performance
The ongoing tariff dispute initiated by the US continues to create uncertainty in European markets, with the EuroStoxx 50 showing slight recovery despite a weak start. UBS shares fell by around 6 percent despite positive quarterly results, influenced by concerns over capital adequacy regulations. Meanwhile, BNP Paribas saw a gain of over 2 percent, while Vodafone's shares dropped more than 7 percent due to worries about its German operations.
European markets struggle amid customs uncertainty and UBS share decline
European markets remain volatile amid ongoing customs disputes, with the EuroStoxx 50 slightly up by 0.2% at 5,228 points. UBS shares fell around 6% despite initially positive quarterly results, while BNP Paribas gained over 2%. Concerns over tariffs continue to impact car manufacturers, while the technology sector showed signs of recovery.
European markets struggle amid customs uncertainty and UBS share decline
European markets remain volatile amid ongoing customs disputes, with the EuroStoxx 50 slightly up by 0.2% at 5,228 points, while the Swiss SMI fell 0.65% due to significant losses at UBS, which dropped around 6% despite initially positive quarterly results. BNP Paribas saw a 2% increase following better-than-expected figures, while Vodafone shares fell over 7% amid concerns about its German operations. The automotive sector struggled with tariff impacts, whereas the technology sector, led by STMicroelectronics, showed signs of recovery.
european shares decline amid trade war fears and mixed corporate earnings
European shares fell, led by financials, as fears of a trade war between the U.S. and China intensified following China's announcement of tariffs on U.S. imports. The pan-European STOXX 600 index dropped 0.3%, with UBS's quarterly earnings contributing to market unease. Diageo's shares fell 3.6% after it withdrew its medium-term sales growth target due to U.S. tariffs impacting its products.
european stocks mixed as trade war fears and earnings disappointments weigh
European stock markets showed mixed results as trade war fears escalated following the implementation of US tariffs on China, which prompted retaliatory measures from Beijing. UBS shares fell 5.5% due to disappointing Q4 profits, while Vodafone's stock dropped 6% amid struggles in its German market. In contrast, BNP Paribas and Publicis reported positive earnings, boosting their stock prices. Oil prices also declined sharply as the trade tensions threatened global economic stability.
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