The policy of irregular tariffs of analysis links the market confidence in Europe on the market

Written by Naomi Rovnik and Yoruk Bahsli

LONDON (Reuters) – Investors are connected to a time in European and euro -stock gathering after the first quarter of the first quarter, which exaggerates a lot of fear of the rapid mutation of public spending planned to revive the economy that is still slow in the region and fights it against the risks of the trade war.

The largest asset managers, including Amuundi, the largest in Europe, said they have decreased or reduced bets on the euro or the Saudi -boundaries trading, as US President Donald Trump is preparing to announce a tariff for mutual trade on April 2.

Many said that the so -called Europhoria trade, which prompted German stocks to the best quarter since 2022 and the euro to a five -month rise earlier in March, has already been consisted of most of the expected economic stimulus gains.

“If the Trump administration decides to push the commercial partners towards a trade war, this will be a decline in European shares,” said Edmund de Rothschilds, adding that he does not expect significant gains for European stocks from here.

Global markets were caught on Thursday after Trump announced a 25 % tax on car imports, as European stocks of up to 2 % were eliminated by billions of euros from the shares of German auto manufacturers.

More bad news about the customs tariff will strike European origins that have flourished to stimulate more hopes than American markets that are already suffering from depression by the wrong trade policy of the White House.

“I think it makes sense not to reflect from Europe, but rather achieve some profits,” he said. “The easy victories ended.”

Inspect

With the market offer to the winners and losers by tariffs, the euro fell nearly $ 1.01 in February before a recovery of $ 1.095 on March 18.

“The group will refrain from building positions in favor of the euro if the markets return to the forecasts that support the dollar.

“What we all have is in front of us is April 2,” Kuiginj said, referring to what Trump called “Tahrir’s Day”.

Chris Jeffrey, head of the macro & Generation Investment Management.

Although Othman called the comprehensive trade war the “loss” of global stocks, he said that the stimulus spending may help European assets to do better than others in such a scenario.