The European stock exchanges started the last session of the week under par, just like the Asian session.
All this occurred because of latest news from the USA, where several doubts have been raised regarding the concrete elimination of the duties announced yesterday and where the fate of the trade war has been brought into question again.
Trade war: the latest news from the USA
Yesterday China and the US confirmed the intention to reciprocally remove the tariffs imposed during the last very long months. However, no additional details emerged regarding the procedures for canceling duties.
This has already helped to partially reduce the optimism regarding the imminent conclusion of the US-China trade war.
Moreover, according to reports by Reuters, several US administration officials have already attacked the idea of eliminating tariffs. A novelty that has definitively erased the positive sentiment on the markets.
And it was these last ones that were affected by the news coming from the United States. All the indices of the Dragon have closed down the session:
- Shanghai: -0.49%
- SZSE Component: -0.22%
- China A50: -0.49%
- DJ Shanghai: -0.54%
- Hang Seng: -0.70%
It certainly did not go better for European stock exchanges, all below parity at the start of the session, and for Wall Street futures, which bode a weak opening.
In short, the trade war had a decisive impact on the markets again.