Stoxx 600, DAX, Fitt, Kak

LONDON – European stocks rose on Wednesday, with investors’ reaction to the proposed customs tariffs on imported steel to the European Union.

General Europe Stoxx 600 The session was temporarily completed by 0.8%, with most of the main sectors and stock exchanges in the positive area.

I left the United Kingdom afraid of the besieged steel industry after the European Union On Tuesday, it announced plans to reduce customs graphics shares on imported steelThe customs duties were raised from 25% to 50% on any surplus in imports.

The Union said that the industry is already facing great pressure from the unimportant levels of global surplus energy. The United Kingdom’s steel industry has warned that European Union measures could constitute an existential blow to the already stalled sector.

Regional steel producers rose to the top of the Stoxx 600 after the news, with companies based in Luxembourg. Arsloormate The stock increased by 6.6% in Sweden SSAB Add 5.3% and Tesen Croup 4.7%.

The shares of car companies closed a temporary decrease of 2.1% Widespread The tariffs on steel will lead to the high prices of car manufacturers. BMWThe share of the German auto manufacturer, which decreased 8.3%, led the losses in the sector after the German auto industry company reduced the margin’s directives against the backdrop of weak sales in China. Daimler truck It ended today 1.7%, while Mercedes -Benz 2.9 % fall.

“We do not object to the need for a certain level of protection to make basic commodities such as steel, but we feel that the standards proposed by the commission go beyond the necessary in surrounding the European market,” Sigrid de Fis, Director General of the European Automobile Manufacturers Union, said in a statement. “We need to find a better balance between the needs of European producers and steel users in this procedure.”

During, SoftBank collection is ready to buy The Robots Department of the Swiss Engineering Company ABB In a deal worth $ 5.4 billion. ABB shares today temporarily ended 0.8 %.

France also remains the focus of regional investors after the crisis A surprise resignation for French Prime Minister Sebastian Lecorno On Monday morning, before it was presented to the divided national association – budget plans – which nullified two short -term departments.

But in a sudden development, French President Emmanuel Macron Lecorno gave another 48 hours to conduct “final discussions” with competing parties to try to break the stalemate. Lecorno is scheduled to submit a report to Macron on Wednesday evening on any possible breakthrough.

American stocks It was a little higher on Wednesday after Standard & Poor’s 500 Cut a seven -day winning series. Fall Oracle The stocks questioned the sustainability of the artificial intelligence trade. The government closure also entered its second week.