European equities mostly climbed on Friday even as U.S. President Donald Trump unveiled a fresh round of tariff threats.
The French CAC 40 gained 0.8%, Germany’s DAX added 0.6%, and the U.K.’s FTSE 100 rose 0.5%.
Shares of Brunello Cucinelli (BIT:BC) continued to fall, extending losses from the previous session after a short seller report alleged the company misled investors and regulators about its operations in Russia—a claim the Italian luxury cashmere brand rejected.
Meanwhile, Volvo (BIT:1VOLC) shares surged in Stockholm, while Daimler Truck (TG:DTG) and Traton (BIT:18TRA) fell sharply in Frankfurt following Trump’s proposal of a 25% tariff on imported heavy trucks.
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