The Trade Agreement between the US and the European Union envisages customs duties, and the EU has committed to purchasing energy from the US worth 750 billion dollars by the end of the Trump Mandate.
The initial reaction of the European Stock Exchange was positive, as the Stoxx 600 has started trading in a growth of one percent, but by the end of the day was in the minus, with the impact of the value of shares, the banker reports. Of course, it sounds better that customs are 15%, not 30% (last year the average customs rate in the US amounted only 2.5%), but the prevailing opinion was prevalent.
This is confirmed by foreign currency markets, as the dollar strengthened significantly against the euro. With $ 1,139, the euro was at the lowest level in the last seven weeks. On Friday, another strong turnaround followed – the dollar weakened by one percent after the publication of the labor market for July, mostly from April.
