The pan-European STOXX 600 was up 0.09% as of 0810 GMT. It ended decrease on Thursday after the U.S. president threatened to slap a 200% tariff on wine and different alcohol from the European Union in response to the bloc’s levies on U.S. whiskey.
The benchmark is down over 2% for the week up to now.
President Donald Trump’s flip-flops on tariffs have roiled international markets, rattling buyers and customers alike.
BMW fell 3.7% after the carmaker’s web revenue slumped by over a 3rd in 2024 to 7.68 billion euros ($8.32 billion).
The index of automakers shed 1.3%, with carmakers Renault falling 1.4%, Volkswagen declining 1% and Stellantis shedding 1.2%. Common Music Group (UMG) slid 10.5% after Invoice Ackman’s Pershing Sq. minimize its stake within the firm. Kering slumped 9.5% after its Italian luxurious model Gucci appointed Georgian designer Demna as its inventive director.
Daimler Truck jumped 4% because the truckmaker forecast its 2025 adjusted working revenue to rise by 5%-15% and launched a cost-cutting programme in Europe after the area underperformed final 12 months.
