Trump Threatens Tariffs on EU, European Stocks Decline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Market Reaction: The pan-European Stoxx 600 index fell by 1.20% as Trump's threat of 10% tariffs on several EU countries weighed on global risk sentiment, reflecting investor concerns about the economic outlook.
- Currency Fluctuations: The euro rose to $1.162, recovering from a three-month low of $1.158, indicating weakened confidence in the dollar, which may affect transatlantic trade flows.
- Bond Yield Changes: The U.S. 10-year Treasury yield increased by 7 basis points to 4.23%, while Germany's and the UK's yields remained nearly flat, suggesting differing market expectations regarding future interest rates.
- Economic Data Focus: Upcoming Eurozone inflation data is drawing market attention, as investors seek insights into the strength of the economic recovery and its potential implications for monetary policy.
Analyst Views on GF
Wall Street analysts forecast GF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GF is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 11.940
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Current: 11.940
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About GF
The New Germany Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund seeks long-term capital appreciation primarily through investment in middle-market German equities. The focus of the Fund's investments lies within Germany. Under normal market conditions at least 80% of the Fund’s net assets are invested in equity or equity-linked securities. The Fund invests in range of sectors, which include aerospace and defense; auto components; automobiles; banks; building products; chemicals; electrical equipment; independent power and renewable electricity producers; insurance; Internet and direct marketing retail; information technology (IT) services, life sciences tools and services; metals and mining; real estate management and development; software; textiles, apparel and luxury goods; trading companies and distributors; diversified financial services; commercial services and supplies, and others. The Fund's investment advisor is DWS International GmbH.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
