European stock markets turn red at Monday close



[ad_1]

European stock markets took a red color on Monday after the opening of the session by nearly 1%, driven by a fall in the banking sector which was the main loser, while shares in the chemicals sector posted the better performance.

Last week, trade led investors to lose risk appetite and turn to safe haven markets, such as gold and government bonds.

China continues to fix its exchange rate above 7 yuan per dollar for the third day in a row, although it is better than expected.

It is planned to resume trade negotiations in Washington in early September, after the US tariffs were about 10% on Chinese goods worth $ 300 billion.

Goldman Sachs said Sunday that fears of a recession resulting from the trade war were growing and that Wall Street was no longer expecting a trade deal before the 2020 presidential election.

Advertising

Back in Europe, investors pay particular attention to political developments in Italy after Deputy Prime Minister Matteo Salvini proposed a vote of no confidence last week.

At the end of today 's session, the "Stox 600" index rose 0.3% to close at 370.4 points.

The British FTSE shed 0.4% to 7,226.7 points, while the Italian FTSE MIB closed at 20,263.8 points, down 0.3%.

The DAX <.DJI> German lost 11% to 11,679.7 points, while the CAC 40 <.FCHI> lost 5.3% to 5.310.3.

At 16:04 GMT, the euro is appreciated more than 0.1% against the US dollar, to stand at 1.1215 USD.

This is the detail of the news that European stock markets turn red at the end of negotiations Monday for this day. We hope that we will have succeeded in providing you with all the details and information.

It should also be noted that the original information has been published and is available on Sudan News 365. It has been confirmed by the Gulf 365 editorial team. It may have been modified and fully transferred. You can read and follow the developments of this information from their main source.

[ad_2]
Source link