Europe starts mixed as trade tensions resurface

Tuesday, 07. May 2019 09:17

European stock markets traded mixed early on Tuesday amid the resurfacing trade tensions between the United States and China. Over the weekend, US President Donald Trump threatened to increase the existing tariffs on goods from China to 25%, blaming Beijing for slowing the negotiations down. Following the announcement, the Chinese government confirmed Vice Premier Liu He would participate in the talks in Washington expected to take place later in the week.

The FTSE 100 dropped 0.33% at 9:15 am CET. The worst performer was Standard Charteed Plc, which decreased by 2.48% at 9:15 am CET. The DAX was up 0.20% at 9:16 am CET with Wirecard AG adding 2.13% at 9:18 am CET. The CAC 40 added 0.10% at 9:16 am CET.

The euro was 0.11% higher compared to the dollar, changing hands for 1.1212 at 9:18 am CET.

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Breaking the News / SS