European Stocks Fall as Trade War Fears and Economic Data Weigh

📆 2024-12-20 10:42:00

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TRADE WAR,ECONOMY,FEDERAL RESERVE

European stock markets declined on Friday, driven by anxieties over a potential trade war with the US sparked by President-elect Donald Trump's tariff threats and digested less-than-optimistic economic indicators. The eurozone's slow growth, particularly in Germany, is exacerbated by these trade tensions. Adding to the unease, a partial US government shutdown looms due to political impasse over a spending bill, further amplifying market uncertainty. Additionally, the Federal Reserve's indication of slower rate cuts next year strengthened the dollar and pressed down oil prices.

Investing.com -- European stock markets fell Friday, as investors fretted about the potential of a trade war with the US, while digesting more important economic data.US President-elect Donald Trump reignited tensions with the European Union on Friday by threatening to impose tariffs if the EU didn't make sme atempts to address its substantial trade deficit with the US by buying American oil and gas.

Additionally, concerns over the impending U.S. government shutdown added to market anxiety, with expectations of disrupted travel and economic activity. On Friday, investors await several important economic updates, including the U.K.'s retail sales figures for November, France's Producer Price Index for the same month, and Italy's latest consumer confidence index.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

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