Fitch says US ETR falls to 12.7% with tariff changes and shifting import flows

Fitch's indication that the US effective tax rate (ETR) has dropped to 12.7% due to tariff changes and shifting import flows may signal adjustments in corporate profit expectations.

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Fitch says US ETR falls to 12.7% with tariff changes and shifting import flows

US sold 4-week bills at a high rate of 3.630%, B/C 2.85x; sold 8-week bills at a high rate of 3.630%, B/C 2.64x

EUROPEAN CLOSES: European Closes: Euro Stoxx 50 -0.66% at 5,931, Dax 40 -0.63% at 24,449, FTSE 100 -0.98% at 10,300, CAC 40 -0.29% at 8,238, FTSE MIB -1.77% at 45,813, IBEX 35 -1.97% at 17,746, PSI -1.16% at 8,779, SMI -0.39% at 13,464, AEX -0.52% at 985

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This change could influence investor sentiment towards US equities and the dollar, as lower taxes might improve margins for companies, although the broader geopolitical context remains critical in assessing sustainability.

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