Global equities have fluctuated as investors have fled to paradise

Global stock indexes varied over the course of trading yesterday and indicators have hovered between ups and downs, concern over the trade war and the continued publication of quarterly results. Concerns about a currency war, as European equities rose to support the chemicals sector.

US stocks have opened lower as investors seek safe gold badets and government bonds, fearing that a protracted trade war between China and the US will affect global growth.

The Dow Jones Industrial Average was down 215.30 points, or 0.83%, to 25,814.22.

The Standard & Poor's 500 index was down 23.12 points or 0.80% at 2,858.65 points, while the Nasdaq Composite Index was down 85, 99 points (1.10%), to 7,747.27 at the opening.

European equities rose after recording losses over three sessions, as trading activity in the chemicals sector dampened the impact of European banks' weak incomes, with concerns over US-China trade remaining . The German chemical groups Bayer and Lanxis have agreed to sell Carenta, which operates a chemical complex, to Macquarie Infrastructure and Real Assets, for 3.5 billion euros (3.9 billion euros).

Shares in both companies increased 1.7% and 3%, with the chemicals sector leading the way.

The European Stoxx 600 rose 0.3% after a volatile session Monday, while the German DAX ignored the weakness of data on industrial orders.

Bank stocks fell as Italian banks fell after the mixed profits of the country's largest banks.

UniCredit, the country's largest bank in terms of badets, retreated after reducing its revenue target for 2019, with expected rate cuts expected, but Banco BBM shares rose 3%, after the bank recorded a sharp increase in net profit. The British FTSE 100 index significantly underperformed as the Glencore heavyweight fell after the mining company announced a 32% drop in central earnings in the first half.

Monetary War

Japan's Nikkei closed lower as the strength of the yen and fears of a global currency war pushed investors to sell riskier badets, although some corporate earnings and a rise to Wall Street have allowed to limit losses.

The Nikkei was down 0.33% to 20516.56.

Export-dependent firms fell, as the yen continued to appreciate against the dollar, allowing the Japanese currency to remain close to the peak reached in seven months in the previous session.

Honda Motor lost 0.9%, Mitsubishi Electric lost 1.3% and TDK lost 2.2%.

Profit reports also continued to have a negative impact on trade.

Somco Corp plunged 9.3% after its operating income fell 18.4% between January and June. The TOPIX was up 0.05% to 1,499.93.

The yuan is withdrawn

Chinese stocks fell as the yuan fell after the central bank set the base currency at a lower than expected level, despite statements by the US that indicated a willingness to resume trading in September.

The People's Bank of China has set the daily reference price of the currency at 6.9996 yen against the dollar, and Larry Quadlo, chief economic adviser to US President Trump, said the United States was still waiting for Chinese negotiators who They are going to Washington for a new round of negotiations in September.

At the close, the Shanghai Composite Index fell 0.3% to 2,768 points, while the Shenzhen Composite Index lost 0.4% to 1,483 points.

During the trading session, the Chinese currency fell 0.3% to 7.0441 yuan compared to its US counterpart.

Dollar index

WASHINGTON (Reuters) – The dollar has stabilized as the trade dispute between the United States and China is expected and talks are expected to resume in Washington next month, with the tariff war at the center of investor concern , fearing a slowdown in global growth. During the trading session, the dollar index, which tracks the evolution of the greenback versus a basket of currencies, stood at 97.62 points, while the dollar index, which tracks the evolution of the greenback versus a basket of currencies, stood at 97.62 points, while the dollar index, which tracks the evolution of the greenback versus a basket of currencies, stood at 97.62 points, while The euro was stable at $ 1.119, while the US currency fell 0.46% to 105.98 Japanese yen and 0.22% to the British pound.