European car stocks surge on renewed hopes of delay to U.S. tariffs
15/05/2019 at 15:26
LONDON, May 15 (Reuters) - European autos stocks surged on
Wednesday after Bloomberg reported, citing sources, that U.S.
President Donald Trump plans to delay imposing threatened tariffs on
car imports as the White House focuses on its spat with China.
Europe's autos and suppliers index jumped, up as much as 2.2%,
after the report which follows a Reuters report last week that
automakers expect Trump to delay his decision on car tariffs for up to
Germany's DAX , home to the region's biggest carmakers, jumped
on the news, up as much as 0.7%. The pan-European STOXX 600 rose
briefly into positive territory before giving back gains.
(Reporting by Helen Reid, Editing by Josephine Mason)
((Helen.Reid@thomsonreuters.com; +44 20 7542 0402;))