RE: Lloyds SP2 Aug 2019 09:25
European shares dive premarket on trade tensions
Shares in major European stock markets posted sharp losses in premarket trading on Friday, following the announcement of more tariffs on Chinese goods by United States President Donald Trump. A 10% duty will be placed on imports from China to the US from September 1, he stated, as trade talks and "positive dialogue" between the two countries continue. Later, he also threatened that the announced tariffs could be raised to 25% if required.
The DAX fell 1.81% in premarket trade, as the FTSE 100 tumbled 1.16%. The CAC 40 dropped 2.06%.
The euro was flat against the dollar at 8:07 am CET, buying $1.10839, while the pound declined 0.16% compared to the greenback, selling for $1.21099.
Breaking the News / NI