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On Wednesday, European markets started lower because market participants focused on a batch of euro zone economic reports expected to be published early in the trading session, while worries over new American tariffs affected market sentiment.
The EURO STOXX 50 went down 0.09%, Germany’s DAX 30 dipped 0.02%, France’s CAC 40 lost 0.17%.
Financial markets were jittery after on Tuesday Donald Trump approved tariffs on solar cells as well as washing machines imported to the United States.
Research group Markit told that its German manufacturing purchasing managers index headed south to 61.2 in January versus December’s outcome of 63.3, while the services PMI soared to 57.0 from 55.8.
Markit added that in January French manufacturing PMI lost 58.1 from 58.8 in December, while the services PMI inched up from 59.1 to 59.3.
Market particiapnts were still waiting for data on manufacturing as well as service sector activity for the whole euro zone.
FTSE 100 dived 0.26% in London.
On Wednesday, European equities reached their lowest value for two weeks because data disclosing that the German and Japanese economies shrank in the third quarter drove fears about global surge in the face of a dive in crude prices…
On Tuesday, European equities managed to rally, tracking global profits, although advances were tamed by weakness for key crude companies because oil prices go down…
On Tuesday, Asian equities pared losses due to the fact that expectations for a de-escalation of the China-US trade conflict gained support from reports that China's major trade negotiator was about to visit America ahead of a gathering between the two…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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