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Trade tensions between the US and China have continued to put pressure on global equity markets, as weak economic data indicates a slowdown in major economies and the fall in the red of most European indices , Asian and American.
NEW YORK (Reuters) – Wall Street has yielded Friday under the influence of technology. Investors had to face new trade tensions between the United States and China, the political turmoil in Italy and a sudden contraction of the British economy.
The Dow Jones Industrial Average was down 100 points, or 0.39%, to 26,337.09 points, while the Standard & Poor's 500 was down 7.58 points, or 0, 47%, at 2,930.51 points.
LONDON (Reuters) – European stocks fell on Friday, causing losses for the second week in a row, as worries over the Italian government's stability made investors nervous and worries about trade tensions between investors China and the United States persisted.
The MIP of Milan fell by 1.6%, the Italian banks having suffered the biggest shock after Matteo Salvini, the head of the ruling League, on Thursday withdrew his support for the governing coalition in power. The benchmark European STOXX 600 index lost 0.2% after posting its best daily performance in almost two months on Thursday, as a result of China's positive trade data and the stability of its currency.
The health care sector helped to limit losses in the benchmark, supported by Novo Nordisk, whose quarterly operating profit exceeded expectations and after the company raised its sales forecast for 2019.
In Asia, Japanese equities closed higher on Friday, the Nikkei squeezed out of a seven-month low, as investors are encouraged by the Wall Street rebound, new worries about global trade weighed on trust.
The gains were limited by renewed concerns over the China-China trade dispute after a report indicates that the White House is delaying the decision to allow US companies to work with Chinese company Huawei technologies.
The Nikkei <.N225> rose 0.44% to 20,684.82, falling to 21,110.76 on Tuesday, its lowest level since Jan. 10, as investor sentiment was affected by escalating trade war between China and the United States.
The Topix index broadly gained 0.35% to 1,503.84 points. The problems in progress have exceeded the shifters 1209 to 837.
Of the 33 sub-indices of the Tokyo Stock Exchange, 24 ended up higher, led by the textile and mining sectors.
(Agencies)
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