Major European bourses traded slightly higher on Friday, with the STOXX 50 up 0.4% and the STOXX 600 gaining around 0.3%, after two straight sessions of losses.
However, upside momentum was capped by US President Trump's new tariff measures. Starting October 1st, branded or patented pharmaceutical products will face a 100% tariff unless the manufacturer is building a production facility in the US.
Additional duties include a 25% levy on heavy trucks, a 50% tariff on kitchen cabinets and bathroom vanities, and a 30% tax on upholstered furniture imports. Sector-wise, travel and leisure, construction and materials, insurance, and autos outperformed, while healthcare, technology, and telecoms underperformed.
Source: Trading Economics
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