European equities close down with confirmation of US tariffs on China

The main European stock markets fell sharply on Friday 15, heavily constrained by confirmation and detail by the United States of tariffs of 25% that will be applied to about 50 billion dollars of products imported from China. Investors' attention was drawn to the economic indicators of the euro zone and corporate news. The Office of the US Trade Representative (USTR) said in a statement that the additional tariffs against China target 1,102 types of Chinese goods, but pointed out that the list does not include "products commonly purchased by consumers ". Americans, such as cell phones or televisions. "Washington also said that these measures are a response to Beijing's" unfair trade practices "related to the" forcible transfer of US technology and intellectual property. "" (The list) generally focuses on the products of the United States. industrial sectors that contribute to or benefit from the industrial policy "Made in China 2025", which includes industries such as aerospace, information and communication technologies, industrial machinery, new materials and products. automobiles, "said the USTR press release. On the shady agenda indicators, Eurostat reported that the euro area consumer price index (CPI) rose 1.9% year-on-year. in May, in line with the expectations of badysts polled by Dow Jones Newswires. In addition, the region recorded a trade surplus of 18.1 billion euros in April, lower than the positive balance of 19.8 billion euros observed in March, according to Eurostat. Block exports rose 0.3% in April from the previous month, while imports increased 1.4%. In this context, the pan-European Stoxx 600 index closed at 0.99% at 389.13 points, but accumulated a leap of 1.04% over the week. The impact of Donald Trump's decision on the stock markets has left a deep mark on the London Stock Exchange. The FTSE 100 closed down 1.70% to 7 633.91 points, the lowest of the day, down 0.61% over the week. In this square, pbaded the approval by the European Commission to the US Comcast concluded the acquisition of Sky, leading the shares of the British pay TV group to lose 0.96%. In addition, with the collapse of US trade expected to affect China's metal demand, the Glencore mining company saw its share fall to 4.32%. The DAX 30 of the Frankfurt Stock Exchange posted a low of 0.74% to 13,010.55 points, accumulating an advance of 1.91% during the week. Shares of the two largest German banks, Deutsche Bank and Commerzbank, dropped 1.71% and 4.18%, but the E.ON energy company rose 2.34%. On the Paris Stock Exchange, the CAC 40 yielded 0.48% to 5,501.88 points – another index at the bottom. Compared to last Friday's score, the compound was high of 0.95%. Lower oil prices drove Total's share down by 0.96%, while Crédit Agricole and Societe Generale shares dropped 1.87% and 1.45% respectively. In Milan, the FTSE MIB fell 1.32% to 22190.45 points, against a weekly maximum of 3.91%. Shipbuilder Fincantieri lost 1.30% and UniCredit Bank lost 1.46%. The Madrid Stock Exchange lost 1.07% to 9,851.00 points, consolidating a weekly gain of 1.07%. The PSI 20, of the Lisbon Stock Exchange, fell 1.91% to 5 569.17 points, the lowest of the day, and lost 0.82% over the week.