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BMW Tariff Pain, Nokia Soars, Thyssenkrupp Up
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- BMW slipped 2.1%, Mercedes-Benz Group AG lost 1,9% and Volkswagen AG declined 1.7% to lead the decline after Trump said the European Union had failed to fully comply with a trade agreement negotiated with the US.
- - Nokia shares rally to a 16-year high on Wednesday after Jefferies flagged a new design win by the Finnish firm that wasn’t reflected in the €1b order value captured by the end of the first quarter.
- Thyssenkrupp said it and Jindal Steel International agreed to pause talks about the Indian company acquiring a stake in its steel unit. “The original assumptions and prerequisites for a potential sale of Thyssenkrupp Steel have significantly changed in recent months,” the German company said in a statement on Saturday.
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