The start of the US trading session has been positive for traders of Tesla and Microsoft.
European equities head south, as trade concerns bite
On Monday, European stocks started lower because concerns as for American trade policies as well as worries as for German Chancellor Angela Merkel's coalition government impacted market sentiment.
Economic data didn’t manage to have investors reassured with euro zone factory surge speeding down to an 18-month minimum in June in the face of widespread worries as for fresh trade barriers.
The STOXX 600 slumped by nearly 0.8%, with losses across the European continent as well as sectors.
The European Union has warned America that imposing import duties on vehicles as well as auto parts would affect its own automotive industry and probably provoke corresponding counter-measures.
In addition to this, Germany's trade-sensitive DAX slipped by 0.6%. Merkel is expected to make her last effort to conclude a migration row with her conservative CSU allies by simply holding negotiations with her interior minister. The minister’s offer to resign brings up an issue whether her vulnerable government is able to survive or not.
In Frankfurt, the equities of consumer electronics retailer Ceconomy managed to ascend by up to 10% after news that telecoms company Freenet would purchase a 9% stake.
Airbus equities dived by 2.2% in Paris after Bloomberg News informed that the European plane maker would miss its delivery objective for A320 narrow-body jets powered with Pratt & Whitney engines this year.
In addition to this, French supermarket retailer Carrefour along with edged down respectively 0.7% percent and 0.4% after they uncovered plans to create a global long-term purchasing alliance because they’re concerned with cutting costs.
The FTSE 100 edged down 0.9% because tensions over Brexit intensified within Prime Minister Theresa May's cabinet, while a fresh survey disclosed a record 75% of key UK companies were currently pessimistic as for leaving the European Union.
During today's Turkish central bank meeting, the market anticipated a rate cut between 200-300 pips.
More tariffs were introduced
The remarks by Nigel Farage during the Brexit party's election event have sent the British pound higher…
The Reserve bank of New Zealand will release the monetary policy statement and its interest rate at 3:00 MT on November 13.
A calm trading session with the US-China trade updates in focus