European stock markets at two-month low

European stock markets crashed today morning to their lowest level in two months. The collapse came after a new round of aggressive tariffs announced by US President Donald Trump on Wednesday, April 2, escalated the global trade war and heightened fears of a slowing economy, Reuters reports, as quoted by IPN.

The STOXX 600 index fell 1.7%, while Germany’s stock exchange recorded a 2.4% decline, the most significant among regional stock markets.

Futures prices on the New York Stock Exchange fell 3.1% as investors favored less risky assets such as bonds and gold. Oil prices fell about 3%.

The gold price hit a new all-time high this morning of 3 167.57 dollars an ounce. It has been one of the fastest rising commodities this year, recording its best first quarter since 1986.

Gold’s ascent was fueled by significant central bank purchases, compounded by demand for safe-haven assets amid intensifying geopolitical and macroeconomic uncertainties.

Nike shares fell 6.5%, Adidas – 9% and Puma – 8.5%, as US tariffs also hit Vietnam, Indonesia and China, key markets for sourcing from sportswear makers.

Eurozone banks were down 3.1%, with traders increasingly confident that the ECB will cut interest rates again, despite the “global trade war” likely to fuel inflation.

The only increases today were in shares of defense, food and real estate companies.

The White House leader on Wednesday, April 2, announced tariffs on every product entering the US. They will be charged at least 10%. For products from Moldova the duty will be 31%.



Some of the gas suppliers from the Republic of Moldova will be forced to open offices in Romania or to provide financial guarantees of approximately one million euros in order to gain access to the gas transport networks of the European Union. The new European rules on gas transport, which come into effect on August 5, will impose additional conditions on companies from non-EU countries that want to use the transport networks in Romania or other European states, reports IPN.

The head of the Natural Gas Trading Department at Energocom, Sergiu Lica, told ICIS publication that the new rules could create difficulties for several Moldovan suppliers, as companies outside the EU must meet strict conditions to be able to operate in the European markets.

Of the 31 licensed gas suppliers, approximately 21 do not have a legal presence in EU countries. According to Sergiu Lica, for these companies, financial guarantees could mean total costs of about 21 million euros. He further warns that the new requirements could particularly affect smaller suppliers, who might struggle to bear these expenses, and this could reduce competition in the gas market.

As future member states, Moldova and Ukraine will no longer have these problems in the future, but until accession, Energocom proposes several transitional solutions. The first would be for a company authorized in one country to be able to purchase and transport gas through several states without opening offices and without additional guarantees. The second is related to the exemption from VAT for non-resident companies. However, this requires a fiscal protocol between EU member countries and those of the Energy Community.

According to public data, last year, the Ungheni-Iasi interconnection point was the main gas import route for the Republic of Moldova, through which 81.1% of the imported quantities were brought.

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European stock markets at two-month low

European stock markets crashed today morning to their lowest level in two months. The collapse came after a new round of aggressive tariffs announced by US President Donald Trump on Wednesday, April 2, escalated the global trade war and heightened fears of a slowing economy, Reuters reports, as quoted by IPN.

The STOXX 600 index fell 1.7%, while Germany’s stock exchange recorded a 2.4% decline, the most significant among regional stock markets.

Futures prices on the New York Stock Exchange fell 3.1% as investors favored less risky assets such as bonds and gold. Oil prices fell about 3%.

The gold price hit a new all-time high this morning of 3 167.57 dollars an ounce. It has been one of the fastest rising commodities this year, recording its best first quarter since 1986.

Gold’s ascent was fueled by significant central bank purchases, compounded by demand for safe-haven assets amid intensifying geopolitical and macroeconomic uncertainties.

Nike shares fell 6.5%, Adidas – 9% and Puma – 8.5%, as US tariffs also hit Vietnam, Indonesia and China, key markets for sourcing from sportswear makers.

Eurozone banks were down 3.1%, with traders increasingly confident that the ECB will cut interest rates again, despite the “global trade war” likely to fuel inflation.

The only increases today were in shares of defense, food and real estate companies.

The White House leader on Wednesday, April 2, announced tariffs on every product entering the US. They will be charged at least 10%. For products from Moldova the duty will be 31%.


A thousand decisions regarding the voluntary amalgamation of town halls have been adopted, and 70% of local administrations are involved in the process. The statement was made on Tuesday by the acting Secretary General of the Government, Alexei Buzu, during a Parliament session, where the governance program proposed by the designated Prime Minister Vasile Tofan is presented, reports IPN.

According to Alexei Buzu, the administrative-territorial consolidation is progressing, and this week another 50 municipalities are set to complete the voluntary amalgamation procedures. He specified that July 31 is the deadline for local councils to adopt decisions, after which the Government will initiate the normative amalgamation.

In turn, the appointed Prime Minister Vasile Tofan mentioned that the administrative-territorial reform is a complex one and its implementation will be a challenge for the future executive. “I do not want to diminish the challenges that the Government will face in order to successfully complete this reform, so that it can achieve all its goals and make people’s lives better”, stated the appointed Prime Minister.

He also said that the authorities must take into account the constitutional provisions and promised consultations regarding the future of the second level of local public administration.

During the Parliament session, Vasile Tofan requests a vote of confidence for the government program and the team of cabinet ministers.

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1 IANUARIE, 2025
1 IANUARIE, 2025