Europe's stock market sharply down, showered by Trump

1. European stock markets are expected down sharply at the opening in the wake of Asian markets, the abrupt reversal of Donald Trump in the trade confrontation between the United States and China leading to a general movement of aversion for risky badets.

2. The US president announced Sunday that 200 billion dollars of Chinese products hitherto submitted to 10% customs duties upon their entry into the United States would be 25% taxed starting on Friday.

3. According to the first indications available, the Paris CAC 40 and the Dax in Frankfurt could lose around 1.6% at the opening. The London Stock Exchange is closed due to a holiday.

4. These developments eclipse the announcement of a China's services activity accelerates in April, pending the results of PMI services surveys for the euro area economies.

5. The reversal of Donald Trump erases this good news and the futures on the benchmarks of Wall Street decline Monday by around 2%.

6. Chinese equities are on the upswing, with the Shanghai Stock Exchange SSE composite index dropping more than 5%. The MSCI index for Asia Pacific excluding Japan is down 2%.

7. The futures on the Tokyo Stock Exchange indices, closed until Tuesday due to holidays, lose more than 2%.