0801 GMT - U.S. tariff plans make hopes of a recovery in the European industrial sector in the second half less likely to materialize, RBC Capital Markets analysts say in a research note. Germany's Rational and Finland's Wartsila have a larger earnings exposure to this week's tariff announcements than the sector's average, RBC says. Companies like Metso, discoverIE, Daimler Truck and Coats also face various direct and indirect risks, according to RBC. The absence of a second-half recovery in industrial activity could hurt the automation businesses of Siemens, ABB and Schneider, as well as companies with a more general exposure such as SKF, Bodycote and IMI, the analysts say. The Stoxx Europe 600 Industrial Goods & Services index is down 1.5%. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
April 04, 2025 04:01 ET (08:01 GMT)
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