European stocks drop as China ups stakes in trade war with U.S.

- European stocks continued their decline on Monday, on the heels of this year’s biggest weekly loss, as an escalation in the U.S.-China trade war battered sentiment and prompted investors to shift into safer bets.

Graham Secker, European equity strategist at Morgan Stanley, said the near-term worsening in the risk-reward outlook for equity markets, amid rising trade tensions, may drive more traditional defensive sectors to outperform. Stocks of tariff-exposed auto-makers and their suppliers dived 2.7%, as all stocks on the sector index fell.

The US and China, trade war, must finish, it’s impact in the fragile🌎economy is negative.

Two pit bulls dominance fighting over a steak and the European poodle's doggy treat loses flavor? Something doesn't smell right.

RayDalio

Lol

isn’t this how the Great Depression started and then rippled throughout the world?

..and the bitcoin goes up :)

Thank you mr carrot face!

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Source: MarketWatch - 🏆 3. / 97 Read more »