A financial trader at his desk at CMC Markets in the City of London, Britain, on April 11 2019. Picture: REUTERS/PETER NICHOLLS
European markets made a subdued start, mirroring a disappointing day for Asian bourses that broke four days of gains. European stocks fell 0.4%, with bourses in London and Frankfurt losing ground, though Paris held steady. Looming in the background have been concerns of a retreat to protectionism, with US President Donald Trump threatening new tariffs on the EU n while the China-US trade dispute rumbles on.
The Easter holidays are ahead, and Japan is due for an unprecedented 10-day break from late April to mark the ascension of its new emperor — the longest hiatus ever for the country’s share and bond markets.After the dovish monetary signals, the dollar hovered near two-week lows and the euro was trading flat. Sterling was also struggling for direction after EU leaders extended the deadline for Britain to leave the bloc to October 31.
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