European stocks recover after the fiercest decline in four days since the corona pandemic

European stock indicators have revived today, Tuesday, after their firm in four days since the corona pandemic in the wake of American customs duties. The Stoxx Europe 600 rose 2.4% in London by 12:45 p.m., led by insurance shares, the financial and industrial sector and defense companies, while the performance of communication shares is an indication of the performance of the mortgage. The Greek stock market was the best global achievement after the exclusion of Japan. Regarding the performance of the most powerful movements, the shares of “Infineon Technology” reflect the losses he previously incurred after the semiconductor manufacturer agreed to buy the Marvell technology business for $ 2.5 billion in cash. The price of “Pandora” fell by 2% after “JP Morgan” reduced its recommendation for the share of jewelry in the clouds of vision to the luxury commodity sector due to customs duties. The market value of European stocks evaporates amid Trump fees. Market disorders caused by the large -scale Trump -Dewares fees have resulted in evaporation of $ 1.7 trillion of the market value of European powered European stock benefit companies during the past three sessions, so that the index is now in the negative area of ​​this year. The RSI circulates for ‘Stoxx 600’ over a 14 -day period below a very 30 -day level, indicating that it is in the case of excessive sale. Trump appears to be a progress in his plan despite the warnings of senior executives in Wall Street. The US president on Monday threatened to impose additional customs duties by 50% on China in response to Beijing’s escalation, and to end all discussions with it. Ministers of the European Union expressed their willingness to use a complete set of countermeasures, including the imposition of potential tax on digital enterprises in response to the fees imposed by Trump. It is increasingly concerned that the increase in trade war could cause the US economy to recession, with periodic sectors such as energy, banks and financial institutions that bear the greatest burden of losses in Europe. Investors evaluate whether the market has reached the bottom, or to prepare for more pain. “The current situation is so volatile that it is not worthy to try to predict what will happen afterwards,” said Governor’s director Ian Lance said.