Check out the day ahead of the European and global markets from Ankur Banerjee
Investors will be confined to European car shares on Thursday after the announcement of Trump's duties for imported cars and light trucks that hit Asian car stocks and the automotive industry strongly caused strong reprimands.
German car manufacturers Mercedes Benz, BMW and Porsche are likely to get under strong pressure. The European Index of Cars and Parts on Wednesday hit a seventh week and is ready to drop further.
The highest car manufacturer in the Volkswagen region is particularly revealed, according to the global mobility of S&P, from Mexico originating from Mexico 43% of the US sales coming from Mexico.
According to US official business data last year, around 800,000 vehicles have exported to the United States to the United States to the United States last year.
Conculiators will also be Chrysler Parent Stellantis and Volvo Cars.
In addition to cars, market movements during the Asian hours were subdued because investors approach and see, although futures point to lower open in Europe. The euro hit three weeks of minimum in the early Asian hours, but since then it has returned.
The Canadian dollar was stable and the Mexican peso was 0.5% weaker. Yen was stronger.
Yet the ghost of the extensive trade wars is built by large and investors leave Skittish and aversion risk.
The European Commission has stated that it will assess Trump's tariffs and will continue to look for solutions and at the same time protect its economic interests.
Automatic tariffs, if left in place for a longer period of time, could add thousands of dollars to the average purchase of an American vehicle. According to the research company Globaldata, almost half of all cars sold in the US were imported last year.
Investors will also focus on mutual tariffs to be announced next week. Trump has indicated that the measure may not be similar to the benefits that it says would.
A key development that could affect the markets on Thursday:
Possible reactions to Trump automotive tariffs
(Ankur Banerjee; Editation Edmund Klamann)
