Dr Martens Slump, Remy Cointreau Rise, Glencore Up
On this episode of Stock Movers:
- Bootmaker Dr Martens and bracelet manufacturer Pandora are among stocks underperforming in Europe on Tuesday after US President Donald Trump outlined plans to impose tariffs on goods from key supplier countries including Indonesia, Thailand and Cambodia. Dr Martens is down 4.4%, with the firm’s production exposed to countries including Laos and Thailand, according to its US customer support site
- Shares of drinksmakers rise after reports saying the European Union is seeking an exemption from the US tariff for certain products. Remy Cointreau gains as much as 4.2%, Pernod Ricard +3.6%, Davide Campari-Milano +2.7%.
- Glencore shares rise as much as 2.1% after JPMorgan resumed its coverage with an overweight recommendation, citing value-accretive strategic optionality and a potential coal de-merger.
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