LIVE MARKETS-Europe gets lift from possible U.S. tariff delay
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EUROPE GETS LIFT FROM POSSIBLE U.S. TARIFF DELAY
European equity markets are firmly in positive territory in afternoon trading after the WSJ reported that President-elect Trump would stop short of imposing import tariffs immediately after he's sworn in later on Monday.
A Trump official later confirmed the WSJ report.
Concerns that Trump could quickly impose tariffs and the uncertainty around his plans for import duties has driven volatility in European stock markets since his election victory in November last year.
The pan-European STOXX 600 .STOXX was last up 0.3%, having been slightly lower earlier in the day.
Blue-chips in Frankfurt .GDAXI, Paris .FCHI and London .FTSE were up 0.5%-0.6%.
That comes despite a rise in the euro EUR=EBS, which has gained over 1.5% against the dollar.
A weaker currency has been touted as a tailwind for European shares, given the high level of revenue generated abroad.
A recent note from Goldman Sachs noted that Europe derives only 40% of its revenue at home, with 26% from North America, 19% from Asia-Pacific and 15% from other emerging markets.
(Samuel Indyk)
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FOR MONDAY'S OTHER LIVE MARKETS POSTS
UK CONSUMER CONFIDENCE FALLS OFF A CLIFF CLICK HERE
WHAT TO EXPECT FROM EUROPE'S Q4 EARNINGS CLICK HERE
STOXX INCHES HIGHER; RENEWABLES NAMES CAP GAINS CLICK HERE
EUROPE BEFORE THE BELL: FUTURES TEPID AHEAD OF TRUMP'S RETURN CLICK HERE
MR MARKET MEETS TRUMP 2.0 CLICK HERE
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