الأسهم الأوروبية ترتفع مع تراجع النفط دون 100 دولار؛ بريطانيا قد تفقد "الميزة" أمام الاتحاد الأوروبي بسبب تعريفات ترامب الجديدة، تحذر الصناعة

From 4h ago 11.58 CEST European stocks rise as oil slips below $100 European stocks are now rising more strongly, with the Stoxx Europe 600 up 0.5% and the UK’s blue chip FTSE 100 up 0.4%. That boost is being driven by a weaker oil price today, with the international benchmark Brent crude down 4.1% to $96.63 a barrel. It hit $100 yesterday amid fears around the conflict in the Middle East, particularly over Houthi threats to block Saudi Arabian naval ports. The fall in oil prices comes after US president Donald Trump said in an interview with Axios on Thursday that he was “considering a massive attack” against Iran. The US completed its 13th consecutive night of air strikes against Iran yesterday. Share Updated at 13.38 CEST

38m ago 14.54 CEST Eurozone bond yields have pulled back a bit today, after a strong rise yesterday following the jump in oil prices. The yield on Germany’s 10-year bond, is now down 3 basis points to 3.012%, after hitting a 15-year high yesterday. In the UK, the 10-year gilt yield has eased back to 5.056%. Share Updated at 14.54 CEST

2h ago 13.51 CEST Burnham urged to lobby EU leaders directly to waive EES border controls Gwyn Topham Andy Burnham has been urged to lobby EU leaders directly to suspend the new entry-exit system, EES, as the peak weekend for overseas holidays begins. About 2.2 million British holidaymakers are expected to head abroad between Friday and Monday, the majority to Europe, with all schools in the UK now on their summer break. Speaking at Heathrow airport on Friday morning, the Liberal Democrats’ foreign affairs spokesperson, Calum Miller, said the prime minister needed to call on EU states to drop the “bungled, malfunctioning border system” until at least September. The EES, which requires non-EU citizens to register on arrival and be photographed and fingerprinted, has been technically in full force since April after launching last year, but border police have been allowed to relax requirements during extreme delays. Burnham urged to lobby EU leaders directly to waive EES border controls Read more Share

2h ago 13.42 CEST John Wyn-Evans, head of market analysis at the asset manager Rathbones, argues that Trump will likely continue to use his tariff regime as a “convenient stick”, though the burden is likely to mostly fall on US consumers and importers. double quotation mark His true motives remain his belief that the US trade deficit is a function of unfair competition… and a desire to increase the government’s revenue to offset the burgeoning fiscal deficit. The Yale Budget Lab calculates that the average statutory tariff rate stood at 12.1%. Had the expiring tariffs not been replaced, they would have fallen to 9.8% at the end of this year. Now the rate will be 12.8%. The burden will, once again, mostly fall on US consumers and importers, although there will be minimal impact on year-on-year inflation. …Trade policy and tariffs continue to be a convenient stick which the president will continue to use to express his ire, however impractical. Share

4h ago 11.58 CEST European stocks rise as oil slips below $100 European stocks are now rising more strongly, with the Stoxx Europe 600 up 0.5% and the UK’s blue chip FTSE 100 up 0.4%. That boost is being driven by a weaker oil price today, with the international benchmark Brent crude down 4.1% to $96.63 a barrel. It hit $100 yesterday amid fears around the conflict in the Middle East, particularly over Houthi threats to block Saudi Arabian naval ports. The fall in oil prices comes after US president Donald Trump said in an interview with Axios on Thursday that he was “considering a massive attack” against Iran. The US completed its 13th consecutive night of air strikes against Iran yesterday. Share Updated at 13.38 CEST

4h ago 11.12 CEST On the corporate front today, the consumer goods group Reckitt Benckiser has warned it will take a £175m hit from selling its business in Russia to local manufacturer Arnest Management. The deal is part of Reckitt’s wider plans to transfer ownership of its operations in Russia, as many Western businesses have withdrawn from the country since its invasion of Ukraine. Reckitt said Russian government ‌rules mean it will receive limited proceeds from the sale, and that it expects to record a post-tax loss of about £175 million ⁠on the deal by the end of the year. Of this, around £125 ​million will be logged ​in its first half results. . Reckitt shares are up 0.1% this morning. Share

5h ago 10.55 CEST World Cup and heatwave boosts UK business activity A summer heatwave and the World Cup helped boost the UK’s business activity in July, S&P Global has found. Its purchasing managers’ index (PMI) hit 52.1 in July, rising from 49.3 in June and marking a three-month high. Any score above 50 represents growth. Investors had been expecting a drop in July, with an estimates pointing to a reading of 49.7. Chris Williamson, chief business economist at S&P Global Market Intelligence, said: double quotation mark Hospitality companies saw demand boosted by good weather, the FIFA World Cup and more domestic holidays, as high costs and uncertainty continued to deter some foreign travel. However, overall services growth remained lacklustre amid cost-of-living pressures. Unusually for recent years, manufacturing is now growing faster than services, buoyed by rising exports. One caveat is that manufacturers and their customers continued to build precautionary stocks, widely linked to supply chain disruption caused by the war in the Middle East, meaning part of the recent factory upturn could prove short-lived. He added that lower oil prices in the first half of the month helped bring down price pressures, but this might not last long. double quotation mark Inflationary pressures clearly remain elevated, as the ongoing energy shock and supply squeeze from the war in the Middle East continues to add to existing business cost pressures from earlier government policies. These higher costs led to a further fall in employment, which has declined continuously since the Autumn 2024 Budget. Business optimism about the year ahead improved, reflecting some relief at reduced geopolitical tensions during the survey period and the associated drop in oil prices. But with Middle East worries flaring up again in recent days, a sustained cooling in the price data and upturn in business confidence is by no means assured.” Share

5h ago 10.37 CEST 'Significant benefit' as US lifts tariffs on Scotch whisky View image in fullscreen Scotch whisky is displayed for sale in a store in London, Britain, 03 April 2025 Photograph: Neil Hall/EPA While Trump unleashes his new tariff regime on more than 80 countries, including the UK, there is a silver lining – a 10% tariff on whisky was lifted on Friday, a “significant benefit” for Scottish producers, Scotland’s first minister John Swinney has said. The US president announced in April that he would remove the whisky tariff, following a state visit by the King and Queen. Speaking on BBC Radio 4’s Today programme, Swinney said: double quotation mark From today, there are no tariffs on Scotch whisky going to the United States, which is a significant benefit for the Scotch whisky industry. The industry was being harmed by the existence of tariffs from the United States. There’s obviously a range of other tariffs being applied by President Trump. But for Scotch whisky, the tariffs are gone.” Share Updated at 10.37 CEST

5h ago 10.08 CEST Trump's tariffs could remove UK's 'competitive advantage' over the EU Trump’s new trade tariffs create a “mixed picture” for UK companies according to the British Chambers of Commerce – but could remove a “competitive advantage” over the EU. William Bain, head of trade policy at the BCC, says: double quotation mark For most firms exporting goods to the US it will remain business as usual today, they will see no change in the costs they are facing. There is also some good news with the removal of tariffs on whisky, one of the UK’s global export success stories. The Economic Prosperity Deal with the US also means that automotives, pharmaceuticals, steel and aluminium are insulated from these changes and should not face further investigation. However, there will be concerns about the loss of the UK’s competitive advantage over the EU and other countries which have secured a more favourable deal in other goods sectors. The US is also carrying our further investigations over digital service taxes which could lead to further uncertainty for firms. It is crucial that the UK continues negotiations to ensure our companies have the best possible long-term trading terms with the US. Expanding our goods and services exports is vital to the UK’s economic growth and the US is our largest single country trading partner. But this is unlikely to be the end of the story on US tariffs for either the UK or the rest of the world. The government will need to keep a close eye on developments to keep the UK at the front of the pack.” ‘Forced labour’ rationale for Trump tariffs met with bewilderment Read more Share Updated at 11.56 CEST

6h ago 09.50 CEST China warns 'trade wars not in interests of any party' China has warned that trade wars are not in the interests of any party, after the US president Donald Trump announced a fresh wave of tariffs against more than 80 countries last night. Chinese foreign ministry spokesman Lin Jian said in a statement: double quotation mark We oppose all forms of unilateral tariff measures. Tariff wars and trade wars are not in the interests of any party. The Chinese stock market fell sharply today, amid worries around the impact of the trade war, as well as higher oil prices. The SSE Composite dropped 1.6% and Hong Kong’s Hang Seng index fell by 1.1%. What to know about Trump’s new tariffs on more than 80 countries Read more Share Updated at 09.50 CEST

6h ago 09.21 CEST European stocks dip at the open It is a mixed bag for European stock marke