European luxury, drink stocks lifted by U.S. tariffs relief [Reuters]
Diageo plc (DEO)
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diageo.com/en/investors
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Source: Reuters
European luxury, drink stocks lifted by U.S. tariffs relief LONDON (Reuters) - European luxury goods and drinks company shares rose on Thursday after new U.S. tariffs in retaliation over EU aircraft subsidies excluded cognac, champagne and leather goods. Remy Cointreau ( RCOP.PA PERP.PA “Overall (it) represents a light touch,” said Jefferies analyst Edward Mundy. Britain's Diageo ( DGE.L .FTSE BRBY.L The United States on Wednesday said it would impose 10% tariffs on European-made Airbus ( AIR.PA The announcement came after the Trade Organization (WTO) gave Washington a green light to impose tariffs on $7.5 billion worth of EU goods annually in the long-running case, a move that threatens to ignite a tit-for-tat trade war. European plane maker Airbus ( The overall European benchmark STOXX 600 was up 0.2$ as selling pressure eased after worries over global growth caused a two-day rout that wiped off all gains made in September. Reporting by Julien Ponthus, Joice Alves and Danilo Masoni
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