European stocks open higher but Asian markets and Wall Street fall as Trump says trade war with China could extend beyond the 2020 US election
London — European stocks opened higher on Wednesday, recovering some of the losses made in the previous session when US President Donald Trump surprised world markets by saying a trade deal with China could wait until after the 2020 presidential election.
“Any doubts about the vulnerability of equity markets to the mood of the US president should have been dispelled, as his recent tweets and comments have nearly wiped out the entirety of November’s gains,” said Ian Williams, economics and strategy analyst at Peel Hunt. “For some months now there has been a concern that the weakness in the manufacturing sector might start to weigh on services activity and there has been some evidence of that in recent months, though not quite to the same extent,” wrote Michael Hewson, chief market analyst at CMC Markets, in a note to clients.
The US House of Representatives’ passage of a bill proposing a stronger response to a crackdown on Muslims in China’s west also added yet another layer of tension, drawing swift condemnation from Beijing on Wednesday. Beijing’s handling of civil unrest in Hong Kong has also drawn criticism from Washington.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
World markets rattled as Trump says no trade deadlineGlobal equities mostly retreated after US President Donald Trump warned there was no deadline for doing a trade deal with China.
Read more »
Ukrainian beauty queen barred for being mother sues Miss WorldA former Miss Ukraine stripped of her crown and barred from competing for Miss World because she is a mother has launched legal action.
Read more »
World Cup winner Elton Jantjies unfazed by the possibility of leading the Lions next seasonElton Jantjies admits his Rugby World Cup winner’s medal is as heavy as a gong.
Read more »
SA among the most spammed (and scammed) in the world, study revealsSouth Africans receive 114 spam SMSs every month, making us one of the most spam-plagued nations on earth, according to a recent report by Truecaller.
Read more »
Formula E given FIA world championship statusThe all-electric Formula E series will have full FIA world championship status from the start of the 2020-21 season after approval by the sport's governing body, it announced on Tuesday
Read more »
Beauty queen reportedly suing Miss World after being banned from pageant because she has a child24-year-old model Veronika Didusenko is allegedly taking legal action the Miss World organisation after being banned from taking part in the competition because she is divorced and has a five-year-old son.
Read more »