Europe suffers more losses on trade war concerns

2019-08-05 17:26:12 GMT (

The European shares open lower in the first session of this week, to head for more losses amid increased worries over the US-China trade wars.


Last week, Trump announced that an additional 10% in tariffs will be imposed on Chinese imports worth $300 billion, as he pointed out that this decision will come into effect starting from September 1st.


Trump justified the decision on China's stalling and its postponement of an agreement, while not abiding by its pledges which was made during the previous rounds of talks.


Otherwise, Trump announced that the US and the EU have reached a deal on the increase American beef purchases by The Europen countries.


The Brexit continues to overshadow the markets in the European Union, after British Prime Minister, Boris Johnson, is seeking a no-deal Brexitt.


As of 12:32 GMT, Stoxx Europe 600 Index fell by 1.9% (7 points) to 371 points.


The British FTSE 100 fell by 2.2% (163 points) to 7,244 points, with Germany's DAX falling by 1.5% (185 points) to 11,687 points.

More News

Risk Disclaimer : Economies would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Economies does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.