[ad_1]
Direct: European stock indexes fell at the close on Monday as investors waited for the escalation of the trade war between the United States and China.
European stock markets turned red at the end of trading after a rise of nearly 1% of the session, driven by the decline of the banking sector, which was the biggest loser, while the shares of chemical companies recorded 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.
Trade negotiations between the two sides are expected to resume in Washington in early September after the entry into force of US tariffs of 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.
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.
[ad_2]
Source link
