On the radar: champagne, bags and commercial war spoils

Welcome to the home page for real-time coverage of European equity markets presented by Reuters stock reporters and anchored today by Julien Ponthus. Contact him on Messenger to share your thoughts on market movements: [email protected] IN THE RADAR: CHAMPAN, BAGS AND DISPLACEMENTS OF THE COMMERCIAL WAR (0747 GMT) With new fronts in Brazil, Argentina, Europe and France, the commercial war is likely to be the key driver of this session, especially with Trump in the United Kingdom for the NATO summit. After the US UU. He threatened to impose punitive tariffs of up to 100% on imports of France worth 2.4 billion dollars in products such as champagne or bags, French companies such as LVMH, Kering and Laurent-Perrier will be closely monitored. It does not mean that the war or the words can weigh in general in the CAC 40 with the minister of junior economy Agnes Pannier-Runacher promising that France will be pugnacious. European stocks could also suffer as a whole after the US. UU. He said he could set retaliatory tariffs on a wide range of European products after the WTO rejected applications for EU Airbus subsidies. In terms of individual actions, Italy's largest bank, UniCredit, will be under the spotlight after it said it would eliminate 8,000 jobs to reduce costs by 1 billion euros in Western Europe under a new plan for 2023. Even in Italy, Enel joined a career with at least five other bidders to buy Renvico's wind farm portfolio in Italy and France that is sold by an infrastructure fund managed by Macquarie. Pre-market indications also point losses to Cineworld after it issued a warning about the results of the entire year. Another will be the Spanish media group Atresmedia, which is seen falling outdoors after a stock placement. (Julien Ponthus) ***** CALL IN THE MORNING: TENTATIVE REBOUND (TECHNICAL?) (0630 GMT) There are not many reasons for European stocks to come into view after Wall Street and the Asian stock market fell due to Trump's surprise tariff announcements. However, one reason is that after falling 1.6% on Monday, the worst drop in a single day in two months, there is probably room for the STOXX 600 to enjoy some kind of technical rebound. According to CMC Markets, the London FTSE 100 is expected to open 14 more points, the Frankfurt DAX rises 60 points and the Paris CAC40 increases 13 points. (Julien Ponthus) ***** (Report by Danilo Masoni, Joice Alves, Julien Ponthus and Thyagaraju Adinarayan) This story has not been edited by The Times of India and is automatically generated from a syndicated feed to which we subscribe. (This story has not been edited by timesofindia.com and is automatically generated from a syndicated feed to which we subscribe.)

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