Europe close: Stocks lower after tariff hit to Pharma
European shares slumped on Wednesday as US tariffs came into force, with the pharma sector now apparently in the sights of US President Donald Trump's trade policy, while a sell-off in US government bonds also heightened concerns among investors.
09 April 2025 17:55:15
Source: Sharecast
The pan-regional Stoxx 600 slid 3.5% to reach 469.89 points after a sell-off on Wall Street overnight.
Germany’s DAX was 3.0% lower at 19,670.88 and France’s CAC-40 down 3.34% to 6,863.02.
In parallel, the Stoxx 600 sector gauge for Health Care stocks plummeted 5.90% to 936.44.
Euro/dollar was ahead by 0.70% to 1.1036, having reached an intraday high of 1.1038.
Front-dated Brent crude oil futures slipped 2.14% to $60.68 on the ICE.
Compare our accounts
If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.
IWeb is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.
