2024-10-05 01:28:24
The leading indices of the European stock markets ended today’s trade with gains. Shares of carmakers rose 1.5 percent after the European Commission announced that representatives of European Union countries had approved its proposal to impose additional tariffs on imports of electric cars made in China, CBS reported.
The new tariffs, of up to 35 percent, could take effect from November if no deal is reached with China by then.
In Frankfurt, the DAX rose by 105.52 points or 0.55 percent to 19,120.93 points, BTA reports.
Paris’ CAC 40 rose 63.58 points, or 0.85 percent, to 7,541.36.
Only the FTSE 100 index on the London Stock Exchange fell minimally – by 1.89 points or 0.02 percent to 8,280.63 points.
The pan-European Stoxx 600 was up 0.44 percent at 518.56 points. Banks’ books grew by an average of 1.7 percent, and oil and gas companies – by 1.6 percent.
Danish shipping giant AP Moller-Maersk fell 5.16 percent today and was down more than 8 percent at one point today.
Port workers and facility operators today reached a pay agreement, ending the sector’s biggest strike in almost half a century. However, the strike has caused a long queue of container ships on the country’s East Coast, which will take time to clear.