{"id":109739,"date":"2024-12-20T13:10:16","date_gmt":"2024-12-20T09:10:16","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=109739"},"modified":"2024-12-20T13:10:19","modified_gmt":"2024-12-20T09:10:19","slug":"european-stocks-slide-amid-trade-war-fears-and-weak-economic-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/european-stocks-slide-amid-trade-war-fears-and-weak-economic-data\/12\/20\/market-updates\/","title":{"rendered":"European Stocks Slide Amid Trade War Fears and Weak Economic Data"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>European stock markets ended the week on a downbeat note as concerns about a potential trade war with the U.S. and disappointing economic data weighed on investor sentiment.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Indices Under Pressure<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Germany\u2019s <strong>DAX<\/strong> dropped <strong>1.1%<\/strong>,<\/li>\n\n\n\n<li>France\u2019s <strong>CAC 40<\/strong> slid <strong>1%<\/strong>,<\/li>\n\n\n\n<li>The UK\u2019s <strong>FTSE 100<\/strong> fell <strong>0.4%<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Trade Tensions Escalate with U.S. Tariff Threats<\/strong><\/h3>\n\n\n\n<p>President-elect Donald Trump reignited fears of a U.S.-EU trade war by threatening tariffs unless the EU addressed its trade deficit by purchasing more American oil and gas.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The statement, issued on Trump\u2019s Truth Social platform, added fresh strain to transatlantic relations.<\/li>\n\n\n\n<li>For the eurozone, already grappling with sluggish economic growth, including a beleaguered German economy, a trade war could bring further economic strain.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Economic Data Paints a Weak Picture<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Germany<\/strong>: Producer prices rose unexpectedly by <strong>0.1%<\/strong> YoY in November, against expectations of a <strong>0.3% decline<\/strong>, signaling persistent inflationary pressures.<\/li>\n\n\n\n<li><strong>UK<\/strong>: Retail sales for November increased by a modest <strong>0.2%<\/strong>, falling short of the anticipated <strong>0.5% growth<\/strong>, further highlighting the slowing momentum in the British economy.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>U.S. Government Shutdown Concerns<\/strong><\/h3>\n\n\n\n<p>Sentiment was further dampened by political uncertainty in the U.S., with a partial government shutdown looming.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A Trump-backed spending bill failed to secure sufficient support, as Republican lawmakers opposed provisions to extend government funding and suspend the debt ceiling.<\/li>\n\n\n\n<li>The legislative deadlock introduces new risks for global markets already uneasy over geopolitical tensions.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Stock Highlights<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>ITM Power (LON:ITM)<\/strong>: Shares rose <strong>3%<\/strong> after securing a contract for a <strong>green hydrogen project<\/strong> in the EU, signaling positive momentum in the renewable energy sector.<\/li>\n\n\n\n<li><strong>Synairgen (LON:SYNG)<\/strong>: Shares plummeted <strong>36%<\/strong> as the biotech firm launched a campaign to raise <strong>\u00a319 million<\/strong> for phase 2 trials of its antiviral treatment.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Outlook<\/strong><\/h3>\n\n\n\n<p>European markets face a challenging environment amid geopolitical uncertainties, slowing economic growth, and persistent inflation. The prospect of a U.S.-EU trade war, coupled with weak economic data, underscores the fragile state of the region\u2019s recovery. Investors will be closely monitoring upcoming developments, particularly around U.S. fiscal policies and trade negotiations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stock markets ended the week on a downbeat note as concerns about a potential trade war with the U.S. and disappointing economic data weighed on investor sentiment. Indices Under Pressure Germany\u2019s DAX dropped 1.1%, France\u2019s CAC 40 slid 1%, The UK\u2019s FTSE 100 fell 0.4%. Trade Tensions Escalate with U.S. Tariff Threats President-elect Donald &hellip;<\/p>\n","protected":false},"author":9,"featured_media":105788,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7211,6877,6928,6882],"class_list":["post-109739","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-currencies","tag-dollar","tag-euro","tag-forex"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/109739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=109739"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/109739\/revisions"}],"predecessor-version":[{"id":109741,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/109739\/revisions\/109741"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/105788"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=109739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=109739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=109739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}