1432 GMT - European capital goods companies are expected to face limited risks from possible U.S trade tariffs due to primarily local-to-local supply chains, RBC Capital Markets analysts say in a research note. Most at risk in the sector could include SKF, Dowlais and Daimler Truck, the analysts say. Possible beneficiaries could include Vesuvius, RHI Magnesita and Coats, they say. "The bigger picture risk would be that tariffs lead to a wider economic slowdown," the analysts say. However, after a tough 12-plus months in general industrial demand, a more limited downside is expected, they say. There could be shorter-term volatility created by companies choosing to delay spending to see exactly how the rules play out, RBC says. (nina.kienle@wsj.com)
(END) Dow Jones Newswires
December 10, 2024 09:32 ET (14:32 GMT)
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