European markets open mixed amid global trade war concerns

European stocks opened mixed Monday morning, amid heightened concerns of an escalating trade war between the world’s two largest economies.

The pan-European Stoxx 600 was little changed to 382.26 shortly after the opening bell, with sectors and major bourses pointing in opposite directions.

Market focus is largely attuned to global trade developments, after President Donald Trump said last week that he was ready to impose new tariffs on China as soon as a public comment period ends on Thursday. If implemented by the Trump administration, it would be another major escalation given Washington has already applied charges on $ 50 billion of exports from Beijing.

Meanwhile, market participants remain wary of unstable emerging market currencies after sharp sell-offs in Argentina’s peso and Turkey’s lira last month.

Source: CNBC

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Stocks Europe Ends Deep in the Red Amid Renewed Global Trade War Concerns

European stocks slumped by Friday’s close, amid heightened fears surrounding the state of trade between the U.S. and other major economies.

The pan-European Stoxx 600 fell 0.8 percent at 382.26 by the provisional close. On the week, however, the pan-European index closed down just 0.34 percent. Almost all sectors ended Friday in negative territory, with travel and leisure being the only industry to hold onto its gains.

Bourses across the region saw heavy losses by the finish, with the U.K.’s FTSE 100 falling 1.11 percent, the French CAC 40 having dropped 1.3 percent and the German DAX ending down 1.04 percent. All peripheral indexes closed in the red.

Source : CNBC

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European Markets Open Lower Amid Renewed Global Trade War Concerns

European stocks opened lower Friday morning, amid heightened fears of an escalating global trade war between the world’s two largest economies.

The pan-European Stoxx 600 was down around 0.35 percent  at 385.36  shortly after the opening bell, with all sectors and majour bourses in negative territory.

Market focus is largely attuned to global trade developments, following a report that President Donald Trump could be preparing to step up a trade dispute with China. Investors were also concerned about emerging market currencies, after Argentina’s peso continued to fall in the previous session.

On Thursday, Bloomberg reported that the Trump administration was on standby to impose more tariffs on $ 200 billion worth of goods from Beijing as soon as next week. The U.S. president also threatened to withdraw the U.S. from the World Trade Organization, (WTO) if they do not “shape up.”

Source : CNBC

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Sumber : bpfnews.com

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