European stocks open lower as geopolitical, economic concerns rise

European markets open Monday’s session on a negative note, mimicking weaker trading in markets overseas.

The pan-European Stoxx 600 was off by 0.14 percent at 385.04 with almost every sector trading in red.

A sea of red is expected in Europe on Monday, following their counterparts in the Asia-Pacific region on the back of President Donald Trump’s remarks last week about the Federal Reserve and geopolitical tensions. Speaking to CNBC last Thursday, the president said he was “not thrilled” about rising interest rates, and expressed concern that the U.S. central bank could upset the economic recovery.

During the same interview, Trump also spoke about trade and his relationship with Russia and its President Vladimir Putin. Trump came under fire for refusing to criticize Putin during a recent summit in Helsinki, yet on Thursday, he told CNBC that if dealings with Russia don’t pan out, he will become Putin’s “worst enemy”.

Source : CNBC                     

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Hong Kong shares inch up at open

Hong Kong stocks opened higher Monday as investors appeared to shrug off fears of a global trade war following the release of a round of mostly solid US earnings reports.

The Hang Seng Index advanced 0.3 percent, or 81.07 points, to 28,305.55.

The benchmark Shanghai Composite Index declined 0.50 percent, or 14.07 points, to 2,815.20 and the Shenzhen Composite Index, which tracks stocks on China’s second exchange, lost 0.63 percent, or 10.02 points, to 1,583.28.

Source : AFP

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Tokyo stocks open lower in early trade

Tokyo stocks opened lower on Monday as the yen firmed against the dollar after US President Donald Trump accused China and the European Union of keeping their currencies low.

The benchmark Nikkei 225 index lost 0.89 percent, or 200.89 points, to 22,496.99 in early trade, while the broader Topix index was down 0.44 percent, or 7.71 points, at 1,737.27.

Source : AFP

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