Trump, Europe
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Europe, White House and unrecognizable
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In this episode, Helen Jewell and Roelof Salomons talk about how Europe’s evolving macro and investing environment is creating new opportunities across sectors. Read more here.
Renault, Porsche Holdings and Mercedes were among the automakers gaining after Trump said he plans to change rules that regulate how many miles vehicles must travel on a gallon of fuel.
The European Commission has presented new initiatives that it says will strengthen the EU's economic security and boost competitiveness. However, the Bureau of International Recycling (BIR) says the measures could create adverse market distortions for the recycling industry.
Shares of European carmakers jumped between 2.5% and 5% in early Thursday trading after U.S. President Donald Trump proposed slashing fuel economy standards finalised by his predecessor Joe Biden.
The pan-European Stoxx 600 ( STOXX) eased 0.14% on Tuesday, continuing a sluggish start to December as regional markets struggle to gain momentum. Investors' focus remains on economic data releases in both Europe and the U.S., including preliminary November inflation data for the Euro Area and the October unemployment rate.
Matt Beesley, CEO of Jupiter Asset Management, discusses the difference in valuations between U.S. and European stocks.
The White House quietly released President Donald Trump’s new national security strategy late Thursday, a 33-page document that elevates his “America First” doctrine and sets out the administration’s realignment of US foreign policy,
India's steel exports to Europe are expected to fall once the European Union's carbon tax takes effect next month, prompting mills to seek alternative buyers in Africa and the Middle East, industry executives and analysts said.
The moves are part of what the national security strategy lays out as “a ‘Trump Corollary’ to the Monroe Doctrine.” The 1823 Monroe Doctrine, formulated by President James Monroe, was originally aimed at opposing any European meddling in the Western Hemisphere and was used to justify U.S. military interventions in Latin America.
The Trump administration says its fuel economy rollback proposal could allow automakers to build station wagons, a staple of '80s family travel.