Spanish, French, Greek Banks Less Exposed to U.S. Tariff Impact -- Market Talk

Dow Jones

2025/04/03

1436 GMT - Spanish, French and Greek banks are best positioned in Europe to deal with U.S. reciprocal tariffs, Jefferies says in a research note. This is due to their respective countries' relative low exposure to U.S. exports and manufacturing. GDP exposure to U.S. trade was less than 2% for these countries in 2024, compared with 13.5% for Ireland, 5.4% for Belgium, 3.8% for the Netherlands, 3.7% for Germany and 3.0% for Italy. "Despite not being directly targeted, banks could suffer second-order impacts through lower GDP growth and negative effects on the creditworthiness of financed sectors," analysts write. Jefferies's top picks in those regions are BBVA, Societe Generale and National Bank of Greece. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

April 03, 2025 10:36 ET (14:36 GMT)

應版權方要求，你需要登入查看該內容

登入 / 註冊

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

熱議股票

{"basename":"/hant","ssrTDKData":{"titleTemplate":"%s - 老虎證券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎證券,老虎證券開戶,老虎券商,老虎證券官網,老虎證券app,tigertrade老虎證券,股票,炒股,新加坡股票交易平臺,投資,投資理財","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hant/news/2524694082"},"companyName":"老虎證券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2524694082\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2524694082?lang=zh_TW&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-04-03 22:36","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2524694082","market":"fut","top_or_hot":-1,"title":"Spanish, French, Greek Banks Less Exposed to U.S. Tariff Impact -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1436 GMT - Spanish, French and Greek banks are best positioned in Europe to deal with U.S. reciprocal tariffs, Jefferies says in a research note. This is due to their respective countries' relative low exposure to U.S. exports and manufacturing. GDP exposure to U.S. trade was less than 2% for these countries in 2024, compared with 13.5% for Ireland, 5.4% for Belgium, 3.8% for the Netherlands, 3.7% for Germany and 3.0% for Italy. \"Despite not being directly targeted, banks could suffer second-order impacts through lower GDP growth and negative effects on the creditworthiness of financed sectors,\" analysts write. Jefferies's top picks in those regions are BBVA, <a href=\"https://laohu8.com/S/SCGLF\">Societe Generale</a> and National Bank of Greece. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 03, 2025 10:36 ET (14:36 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Spanish, French, Greek Banks Less Exposed to U.S. Tariff Impact -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSpanish, French, Greek Banks Less Exposed to U.S. Tariff Impact -- Market Talk\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-04-03 22:36</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1436 GMT - Spanish, French and Greek banks are best positioned in Europe to deal with U.S. reciprocal tariffs, Jefferies says in a research note. This is due to their respective countries' relative low exposure to U.S. exports and manufacturing. GDP exposure to U.S. trade was less than 2% for these countries in 2024, compared with 13.5% for Ireland, 5.4% for Belgium, 3.8% for the Netherlands, 3.7% for Germany and 3.0% for Italy. \"Despite not being directly targeted, banks could suffer second-order impacts through lower GDP growth and negative effects on the creditworthiness of financed sectors,\" analysts write. Jefferies's top picks in those regions are BBVA, <a href=\"https://laohu8.com/S/SCGLF\">Societe Generale</a> and National Bank of Greece. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 03, 2025 10:36 ET (14:36 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SCGLY","symbol_name":"Societe Generale","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2524694082","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2524694082","pubTimestamp":1743690960,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1436 GMT - Spanish, French and Greek banks are best positioned in Europe to deal with U.S. reciprocal tariffs, Jefferies says in a research note. This is due to their respective countries' relative low exposure to U.S. exports and manufacturing. GDP exposure to U.S. trade was less than 2% for these countries in 2024, compared with 13.5% for Ireland, 5.4% for Belgium, 3.8% for the Netherlands, 3.7% for Germany and 3.0% for Italy. \"Despite not being directly targeted, banks could suffer second-order impacts through lower GDP growth and negative effects on the creditworthiness of financed sectors,\" analysts write. Jefferies's top picks in those regions are BBVA, Societe Generale and National Bank of Greece. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SCGLY":"Societe Generale","BBVA":"西班牙外换银行","BK4207":"综合性银行"},"translate_title":"西班牙、法国、希腊银行受美国关税影响较小——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SCGLY":0.9,"BBVA":0.9},"content_text":"1436 GMT - Spanish, French and Greek banks are best positioned in Europe to deal with U.S. reciprocal tariffs, Jefferies says in a research note. This is due to their respective countries' relative low exposure to U.S. exports and manufacturing. GDP exposure to U.S. trade was less than 2% for these countries in 2024, compared with 13.5% for Ireland, 5.4% for Belgium, 3.8% for the Netherlands, 3.7% for Germany and 3.0% for Italy. \"Despite not being directly targeted, banks could suffer second-order impacts through lower GDP growth and negative effects on the creditworthiness of financed sectors,\" analysts write. Jefferies's top picks in those regions are BBVA, Societe Generale and National Bank of Greece. (elena.vardon@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 03, 2025 10:36 ET (14:36 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}