[ad_1]
The European Stock Market records red numbers in part-time operations, at the beginning of a crucial week for world trade due to escalating trade tensions between the United States and Europe, added to the political crisis in Germany
Political risks weighed on the euro and fell, while Treasury bonds rose and the strength of the dollar shook markets emerging.
Migration Policy caused an unprecedented crisis in the German government. Horst Seehofer, Minister of the Interior and President of the Bavarian Conservatives, threatened to resign and withdrew his support for A ngela Merkel, and in case the Chancellor would not step back on the lorry. European agreement on immigration, endangering the German government, says Cinco Días.
In addition, the trade tension between Washington and Europe increases. On Sunday, Donald Trump resumed his attacks by pointing out that the European Union is "as bad" as China in trade, even though his country spends "a fortune on the Treaty Organization". North Atlantic (NATO) to protect them.
The Stoxx Europe 600 index dropped 0.78%, after recording its level over in a week. While the FTSE-100 London index fell 0.82%, while the Mibtel of the Milan Stock Exchange loses 1.6%, followed by the Frankfurt Stock Exchange, it yields 0.37%.
For its part, the index Ibex -35 of the Madrid Stock Exchange loses 0.63% and the CAC 40 of Paris falls 0.71% and the index PSI Lisbon withdraws 0.52 %.
While 10-year treasury bills fall from a basic three point point to 2.83 percent. Germany's 10-year performance dropped from less than a base point to 0.33%, the lowest level in nearly five weeks. Britain's 10-year yield fell two basis points to 1.27%.
On the currency market, the euro was affected by a strong dollar and new controversies in Germany around the migration policy. Given the strength of the dollar, BNP Paribas has reduced its projection for the euro and the pound sterling by the end of 2018.
The European currency falls from 0.67% to 1,000 1607 units per dollar [19659010] With information from Notimex and Bloomberg.
Source link