European markets hit by trade war anxiety.
European stock markets are a sea of red in early trading after Donald Trump rattled investors by signing off on tariffs on China, Canada and Mexico last weekend.
Germany’s DAX index has fallen by 2% at the open, while France’s CAC 40 share index is down 1.9%.
Spain’s IBEX has dropped by 1.7% and Italy’s FTSE MIB has lost 1.4%.
Naeem Aslam, chief investment officer at Zaye Capital Markets, says investors are bracing for heightened uncertainty in global trade and economic stability, adding:
These downturns are driven by investor anxiety about the broader impact of tariffs on the global economy, particularly as European economies are highly intertwined with U.S. trade policies.
Source: The Guardian
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