European stock markets ended the first trading day of the week lower.
The Stoxx Europe 600 index was down 0.1%, France's CAC 40 was lower by 0.2%, and Germany's DAX was off by 0.3%. The U.K.'s FTSE 100 closed marginally in the black, with a 0.02% gain.
President Donald Trump's move to double tariffs on steel and aluminum imports to 50% is likely to bite wind energy developer Orsted, according to analysts.
The Danish multinational booked a loss of 1.2 billion Danish kroner ($183 million) in its first-quarter results in May after the U.S. imposed 25% tariffs on imports of steel and aluminium. The company suggested the levy had hit the profitability of its Sunrise and Revolution Wind projects, as it had yet to import wind turbines into the U.S.
Source : CNBC
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