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Porsche’s actions yield 7% after cutlook

by SuperiorInvest

European shares closed lower on Monday, since investors continued to monitor the visa repression of the president of the United States, Donald Trump,.

The Stoxx 600 Paneuropeo Index ended on 0.5% lower, with most sectors and the main t -shirts in negative territory.

Automobile stocks obtained some of the greatest losses, with cars and the index of Stoxx Europe parts and the 1.9%parts index.

Germany Porsche He led the decreases, 7.2%dropped after the manufacturer of Luxury Sportscar recently reduced its profitability perspective of 2025. The company also delayed the launch of electric car models due to weak demand. VolkswagenPorsche’s largest shareholder also fell into the news, closing the session by lowering 7.1%.

Meanwhile, the Trump administration signed a surprise order on Friday to raise the so-called H-1B application rate at $ 100,000.

The proclamation, which entered into force on Sunday, requires that companies pay the new six -digit rate to obtain the necessary visas for new employees entering the country. The measure is produced as part of an effort designed to protect US jobs and marks greater repression of the White House immigration.

India, on the other hand, has returned the $ 100,000 rate for the applications of the V-1b Visa program, saying that the measure “is likely to have humanitarian consequences through the interruption caused by families.”

In the data front, a flash estimate for consumer confidence in the euro zone showed a feeling overcome in September, increasing 0.6 points to -14.9.

The Asia-Pacific values ​​markets negotiated mixed, since investors made the Chinese key loan rate. The Central Bank of China maintained the raw rates of the loan (LPR) without changes for the fourth consecutive month, in line with a reuters survey.

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