0731 GMT - Shares in European banks dropped at market open after President Trump's announcement of an across-the-board 10% tariff on all imports and a 20% tariff on EU goods. The Stoxx Europe 600 Banks Index was down more than 3.5%, compared with a 1.7% fall for the wider Stoxx 600 multi-sector index. Banks Societe Generale, Deutsche Bank and Barclays were among the top fallers. Asia-focused London-listed lenders were also down; Standard Chartered's stock shed 7.7%. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
April 03, 2025 03:31 ET (07:31 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Most Discussed
No relevant data is available