Euro, Stocks Fall After ECB’s Lagarde Warns of – Money News
European shares fell and the euro weakened, after European Central Bank President Christine Lagarde mentioned tit-for-tat tariffs with the U.S. would weaken regional growth and kindle inflation. Lagarde mentioned an increase in U.S. tariffs of 25 share factors would decrease the eurozone’s financial growth price by 0.3 share level within the first 12 months. Should the European Union retaliate by mountaineering U.S. tariffs, growth could be gradual by half a share level, and eurozone inflation would rise by the identical magnitude.
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