European Banks Exposed to Tariff Threat From Likely Trump Presidency -- Market Talk

Dow Jones11-06 17:46

0946 GMT - European banks with exposure to regions that could be slapped with higher tariffs could face negative implications from a Trump victory in the U.S., Citi says in a research note as the election results roll in. "If a new Republican government introduces higher tariffs on Europe directly, then Germany, Italy and Ireland are the most exposed European countries to U.S. exports," the analysts note. Tariffs on China and Mexico are the most probable and immediate, and could hurt banks with exposure to those regions such as HSBC, Standard Chartered and BBVA. This could potentially further weigh on loan demand, they say. Deutsche Bank and Commerzbank could also face negative implications as Germany is the largest exporter to China within Europe, they add. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

November 06, 2024 04:46 ET (09:46 GMT)

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Tariffs on China and Mexico are the most probable and immediate, and could hurt banks with exposure to those regions such as HSBC, Standard Chartered and BBVA. This could potentially further weigh on loan demand, they say. Deutsche Bank and Commerzbank could also face negative implications as Germany is the largest exporter to China within Europe, they add. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 06, 2024 04:46 ET (09:46 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>European Banks Exposed to Tariff Threat From Likely Trump Presidency -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEuropean Banks Exposed to Tariff Threat From Likely Trump Presidency -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-06 17:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0946 GMT - European banks with exposure to regions that could be slapped with higher tariffs could face negative implications from a Trump victory in the U.S., Citi says in a research note as the ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4118","symbol_name":"综合性资本市场","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2481277376","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481277376","pubTimestamp":1730886360,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0946 GMT - European banks with exposure to regions that could be slapped with higher tariffs could face negative implications from a Trump victory in the U.S., Citi says in a research note as the election results roll in. \"If a new Republican government introduces higher tariffs on Europe directly, then Germany, Italy and Ireland are the most exposed European countries to U.S. exports,\" the analysts note. Tariffs on China and Mexico are the most probable and immediate, and could hurt banks with exposure to those regions such as HSBC, Standard Chartered and BBVA. This could potentially further weigh on loan demand, they say. Deutsche Bank and Commerzbank could also face negative implications as Germany is the largest exporter to China within Europe, they add. 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Tariffs on China and Mexico are the most probable and immediate, and could hurt banks with exposure to those regions such as HSBC, Standard Chartered and BBVA. This could potentially further weigh on loan demand, they say. Deutsche Bank and Commerzbank could also face negative implications as Germany is the largest exporter to China within Europe, they add. 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