Craig Erlam at online trading site Oanda, says investors are concerned that an impending trade war will derail the global economy:
For a person who’s been obsessed with stock market gains since his election victory 16 months ago, US President Donald Trumpdoesn’t appear too concerned about the impact his tariffs are having at the moment. Trump may be prepared to add the European Union to the list of those that are temporarily exempt from the tariffs – with Canada, Mexico and Australia having been allowed similar exemptions – but that has barely cushioned the blow for investors. Understandably, the prospect of a trade war between the world’s two largest economies is not particularly desirable for investors. The global economy is finally starting the tick along nicely after a decade of efforts to repair the damage of the global financial crisis and the issues that followed and now we’re potentially having to deal with an entirely self-inflicted and avoidable problem. European shares fall further Losses have widened across European market as investors digest the prospect of a US-China trade war. Here are the latest scores: FTSE 100: -1% at 6,884 Germany’s DAX: -1.9% at 11,877 France’s CAC: -1.9% at 5,068 Italy’s FTSE MIB: -1.7% at 22,008 Spain’s IBEX: -1.5% at 9,345 Europe’s STOXX 600: -1.5% at 364 Wall Street is also expected to open down: Dow Jones futures: -0.7% S&P futures: -0.5% Nasdaq futures: -0.9% For more read the full of article at The Guardian
For a person who’s been obsessed with stock market gains since his election victory 16 months ago, US President Donald Trumpdoesn’t appear too concerned about the impact his tariffs are having at the moment.
Trump may be prepared to add the European Union to the list of those that are temporarily exempt from the tariffs – with Canada, Mexico and Australia having been allowed similar exemptions – but that has barely cushioned the blow for investors.
Understandably, the prospect of a trade war between the world’s two largest economies is not particularly desirable for investors. The global economy is finally starting the tick along nicely after a decade of efforts to repair the damage of the global financial crisis and the issues that followed and now we’re potentially having to deal with an entirely self-inflicted and avoidable problem.
Losses have widened across European market as investors digest the prospect of a US-China trade war.
Here are the latest scores:
Wall Street is also expected to open down:
For more read the full of article at The Guardian
