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U.S. Reciprocal Tariff Announcement and European Bank Stock Performance, Accessible Data
Figure 1. Year-To-Date Performance of European Stock Indexes
This figure is a line graph comparing the year-to-date performance of two European stock indexes, the broader Euro STOXX Index in black and the Euro STOXX Bank Index in green, from January 2, 2025, to May 30, 2025. The graph uses January 2, 2025, as the base value of 100 for both indexes. Two vertical dashed lines mark important events: a red dashed line on April 2, 2025, indicates the announcement of reciprocal tariffs, and a blue dotted line on April 9, 2025, represents the announcement of a 90-day pause in these tariffs.
Both indexes start at 100 on January 2, 2025, and generally trend upward over the period. The Euro STOXX Bank Index consistently outperforms the broader Euro STOXX Index throughout the timeframe. There's a sharp decline in both indexes immediately after the April 2 tariff announcement, followed by a quick recovery after the April 9 announcement of a tariff delay. The Euro STOXX Bank Index experiences more pronounced reactions to both the tariff announcement and delay compared to the broader Euro STOXX Index. By May 30, 2025, the Euro STOXX Bank Index has reached about 140, while the broader Euro STOXX Index is around 110-115.
Notes: Last observation: May 30, 2025. The green line is the Euro STOXX Bank Index. The black line is the Euro STOXX index. The red dashed line represents the announcement of reciprocal tariffs on April 2, 2025. The blue dotted line represents the announcement of a 90-day pause in reciprocal tariffs on April 9, 2025.
Source: Bloomberg.