European stocks outperform Wall Street as China trade row intensifies

LONDON - Since U.S. President Donald Trump’s tweets derailed U.S.-China trade talks ten days ago, European stocks have outperformed Wall Street in a sign that investors are pinning their hopes on the region’s battered equities weathering the protracted trade spat.

Both the pan-European STOXX 600 and the S&P 500 have fallen since May 3, the trading session before Trump slammed China on trade and threatened more tariffs on billions of dollars of imports from the world’s No. 2 economy.Though only a small margin, that’s a marked change from the past year during which the index has lagged the U.S.

Hopes the euro zone economy is through the worst and bottoming out, relatively low valuations and optimism that a U.S.-China deal will soon be brokered are helping fuel the gains, said Lukas Daalder, BlackRock’s chief investment strategist for the Netherlands. “There’s a bit of sentiment around that. It means we’re not going to be in rough territory immediately, but that’s a silver lining to a really dark cloud,” said Daalder.

Harvest🔻 of the Soldiers 🌄During the Week of the 27th of Sha‘ban Through 3rd of Ramadan 1440 HA NBADraftLottery BillsMafia

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The trade war may be just getting started, but the market damage is already doneWall Street is increasingly concerned that this more about the 2020 election than U.S.-China trade. BobPisani 2% drop for crying out loud. BobPisani 😂 they are pulling up despite danger... it’s insane fo destroy all small traders...
Source: CNBC - 🏆 12. / 72 Read more »

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&03... Thank you mr carrot face! ..and the bitcoin goes up :) isn’t this how the Great Depression started and then rippled throughout the world?
Source: Reuters - 🏆 2. / 97 Read more »

Asian stocks are following Wall Street's bloodbath as the US-China trade war heats upAsian equities slumped after US indexes tanked at least 2% on Monday. 'Markets are likely to take Trump's words with a few pinches of salt.' I honestly would not accept that China does not have a deal lucrative enough on the backburner that enables them to play hardball with the US like this
Source: BusinessInsider - 🏆 729. / 51 Read more »