European stocks and currencies tumble on Trump tariff fears

Quick Summary:

European stocks tumbled and currencies slid against the dollar on Tuesday as investors fretted over the impact of a more hawkish approach to China under a second Trump presidency.

China is also going to be hurt quite a bit as it has been singled out as the main tariff target,” said Tomasz Wieladek, chief European economist with T Rowe Price.“It is almost like a redistribution of the rest of the world’s growth into the US economy,” he added.

Laura Cooper, head of macro credit at asset manager Nuveen, said the market was pricing in the risk of reflation.“There is limited upside in yields as we’re going to lack a political policy catalyst [for some time],” she said.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Rafe Uddin

Category: MarketsFinanceInvesting

Markets: United StatesChina

Topics: Europe Cuts Shed China Data Trump Financial Traders Cent Dollar Benchmark

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 18:15:32 (14 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 594 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23558491

View Article Analysis

About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 9 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

Publisher Details

Frequently Asked Questions