US-China tensions hit European cyclical stocks | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 86%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

LONDON, Aug 7 — European shares were trading largely flat today after their Asian peers were hit by an escalation in US-China tensions, but an upbeat earnings season and hopes of more stimulus kept most regional indexes on course for weekly gains. The pan-European STOXX 600 index opened lower...

A photographer takes pictures of the German share price index board at the stock exchange in Frankfurt, Germany, February March 9, 2020. — Reuters pic

US President Donald Trump yesterday moved to ban US transactions with popular Chinese apps, Tencent’s WeChat and ByteDance’s Tiktok, calling them “significant threats.” In a note to clients, Citi analysts said they viewed Trump’s moves as less “significant the consulate closure two weeks back continue to expect China to stay restrained in terms of a retaliation.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in CA

Canada Canada Latest News, Canada Canada Headlines