Stoxx 600, FTSE 100, Trump EU tariffs
US President Donald Trump held a bilateral meeting with European Commission President Ursula Von der Leyen on the sidelines of the United Nations General Assembly held in New York on September 23, 2025.
Brendan Smialowski | Afp | Getty Images
European stocks fell on Wednesday as investors weighed sweeping U.S. proposals for new tariffs on 60 countries.
Pan-European shortly after the opening bell Stoxx 600 The index fell 0.23% as sectors and regional stock markets painted a mixed picture. of england FTSE100 France opened slightly below the flat line Cac 40 Germany, down 0.3% Dax fell 0.8 percent.
Akzo Nobel It was last trading at a loss of 18% after Nippon Paint’s takeover bid and Sherwin-Williams fell.
Akzo Nobel, whose brands include Dulux, had previously rejected a joint cash takeover offer worth 73 euros ($85) per share.
AkzoNobel said at the time that the offer “did not come close” to adequately reflecting its value and long-term prospects, adding that the plan offered “insufficient deal certainty” on the business separation and that its shareholders were “not adequately protected”.
On Wednesday, the company noted a statement confirming that Nippon Paint and Sherwin-Williams were no longer interested in an IPO.
In other corporate news, Zara owns Inditex On Wednesday, it updated investors on its earnings for the fiscal first quarter. The stock was last traded up more than 5%.
Tariff suggestions
Office of the US Trade Representative, floating Imposition of additional customs duties of up to 12.5% on 60 trading partners for allegedly failing to ban goods produced using forced labor. The economies to be targeted by the measures include China, the European Union and Japan.
“The failure of our most important trading partners to address imports of goods produced with forced labor is unacceptable. This creates a dynamic in which American workers are forced to compete globally in an unequal competitive environment,” said U.S. Trade Representative Jamieson Greer.
Investors also continue to monitor developments in the US-Iran war after tensions rose overnight as Washington accused Tehran of launching new attacks despite the ceasefire remaining in place.
The Spanish retail group’s sales reached 8.7 billion euros ($10.1 billion), up 5.8% from the previous year, meeting analysts’ expectations. Net profit increased by 5.4% year on year to 1.38 billion euros, in line with forecasts.
Economic data to be published today include Spanish PMI output, Russian unemployment and business confidence figures and Austrian GDP data.
— CNBC’s Anniek Bao contributed to this report.
