European stock exchanges suffer "negative impact" from EU-China trade war

The main European stock exchanges wound up Wednesday in negative territory, ending a series of six-day victories

The shares were impacted by the escalation of trade tensions between the two countries. United States and China. , after the United States threatened to impose duties on other Chinese products worth $ 200 billion.

The index Stoxx Europe 600, which includes the 600 largest companies The stock markets of 18 European countries lost 1.26% to 381.40 units, the largest decrease in more than two weeks.

The FTSE 100 index in the United Kingdom fell 1.26% to 7,591.96 units, the first decline in a week and the largest decline in more than a week; while the CAC-40 in Paris lost 1.48 percent to 5 thousand 353.93 units and the DAX of the Frankfurt Stock Exchange fell 1.53 percent to 12 thousand 417.13 units.

For its part, the Madrid stock market, with its Ibex-35 index fell by 1.57%, to 9,733.60 units, followed by Milan which fell by 1.58%, for its own sake. set at 21 thousand 708.06 units; while the SMI of Switzerland lost 0.98%, to 8 thousand 682.93 units and the Lisbon PSI finished in the bottom of 0.44%, in the 5,636.79 units.

Although investors were optimistic about the Q2 earnings season, increasingly aggressive trade talks between Beijing and Washington have put pressure on stocks over the past period.

All sectors are listed in negative territory. The most punished newspapers are those most exposed to trade. The core resource subindex decreased by 3.3% and the sub-index by 1.7%.

In addition to car manufacturers, already affected by the effects of the trade war.

Technology companies and semiconductor manufacturers, as well as textile manufacturers, will not be satisfied either, as the new tariff cycle includes products such as clothing, televisions and appliances.

In mergers and acquisitions, Sky's shares fell by 0.5% after Rupert Murdoch's 21st Century Fox announced it had reached an agreement to buy out the British company, beating rival bid from Comcast. 19659011] On the foreign exchange market, the euro progresses with a marginal increase of 0.03% against the dollar and marks a variation of 1.1747 units.

Previously, the European currency was down 0.58% to 1.1728 dollars, the largest decline in more than a week

With information from Reuters and Notimex.