The European stocks took a blow Wednesday, after Asian stocks were lower than the economy and the US-China trade war…
The European stocks took a blow Wednesday, after Asian stocks were lower than the economy and the US-China trade war barriers grew the financial markets.
In the US, Nasdaq and S & P 500 each lost more than 3.2% among growing doubts that a trade agreement could be eliminated between the US and China. A wonky indicator called “yield curve” also flat, signaled a weaker outlook for economic growth and fear of a recession.
President Donald Trump threatened Tuesday to place “big tariffs” on Chinese goods entering the United States, and raised an uplift in the market sentiment after last week’s G20 summit in Argentina.
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1; and it may indicate an American recession
The Shanghai Composite Index closed down 0.6% Wednesday. The European shares followed, with Euro Stoxx 50, Germany’s DAX and France’s CAC all down 1%. The fear remains that a US-China trade agreement will not meet in the 90-day negotiation window agreed by both parties.
Some analysts suggested that Monday’s profits were exaggerated, given Trump’s previously tagged comments.
A minor relief figure in US index futures can mask still market uncertainty among the longest bull market since the deepdown of the financial crisis.
“There is a strong chance now that buying the dip mentality has turned to selling the rally method,” says Neil Wilson, Chief Market Analyst for markets.com.
The feel of the oil beetle traced over the shares. Brent crude oil is down 1.6% at 8.45 am in London (3.45 a.m. EST), as renewed uncertainty about the substance of potential freezes or sausages from Saudi Arabia linged on markets prior to the OPEC summit in Vienna on Thursday.