European stocks slump as Trump lashes out at China

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LONDON: European stock markets slumped on Tuesday (Jul 30) after US President Donald Trump lashed out at Beijing just as trade talks resumed, ...

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Renewed jitters over trade compounded a cocktail worries already weighing on stocks, said Fawad Razaqzada, market analyst at Forex.com. London's FTSE 100 index, meanwhile, outperformed eurozone markets as the weak pound lifted UK-based multinationals who sell their goods abroad. "If the intention of the government was to make the pound more competitive ahead of a no-deal Brexit, it has been stunningly effective," quipped analysts at Moneycorp.

 

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