European markets will open in a mixed way as investors watch the escalation of the trade war

European markets are expected to open on a mixed note on Thursday after the pan-European Stoxx 600 hit its lowest level since March 11, as investors navigate the latest escalation of the US-China trade war.

The FTSE 100 should be stable at around 7,189, while the DAX should open at around 40 points, or 11,876 more. According to IG data, the CAC 40 is expected to exceed about 12 points to 5,234 points.

The Chinese state newspaper on Wednesday used the phrase steeped in history "do not say we did not warn you," indicating trade tensions between the world's largest economies. Chinese Vice Foreign Minister Zhang Hanhui continued Thursday comparing US trade provocations to "bare-bones economic terrorism."

Asian equities traded mainly afternoon on Thursday afternoon, with mainland China's leading losses, with the Shenzhen component losing 1.27%.

The renewed threat from China has been focused on its dominance in rare earth minerals, which are essential to the production of a multitude of technological products, including iPhones and electric vehicles. The Pentagon would work to reduce US dependence on rare earth minerals in the light of the threat.

US investors will also follow the evolution of the national political situation, after US Special Adviser Robert Mueller said Wednesday that his investigation into Russia's interference in the 2016 elections has not clarified President Donald Trump, while the Congress weighed in the impeachment procedure.

Back in Europe, a poll conducted Wednesday in Germany revealed that most Germans did not see the heiress of Angela Merkel, Annegret Kramp-Karrenbauer, as fit to replace it, thus nullifying the party's hopes to come to power.

A Reuters poll also revealed that investors were still dissuaded from acquiring cheap FTSE 100 shares, while the UK's exit from the European Union remained undetermined.

On company news, the Financial Times announced that German prosecutors had raided the offices of luxury car maker Porsche as part of an investigation into suspicions of misuse. company funds by company executives. Nissan CEO Hiroto Saikawa said he did not see any major drawback to a proposed $ 35 billion merger of alliance partner, Renault, with Fiat Chrysler. .