country flagالعربية
0

European stocks opened slightly lower on Friday as investors worried about the impact of trade wars

2018-08-10 08:09 am | Resource: NEWS | No Views : 116



European stocks open slightly lower on Friday as investors worried about the impact of trade wars and sanctions on Russia.

Asian markets are trading lower on concern that trade tariffs will destroy trade between the world's two largest economies.

The second tranche of tariffs, which will take effect from August 23, will come in the first tranche of tariffs on the $ 34 billion of Chinese imports that went into effect on July 6.

The yen rose against the dollar after data showed the country's economy grew more-than-expected in the second quarter, driven by increased consumer spending and corporate investment.

The yen maintained its stability against the euro while oil rose on expectations that the recent US sanctions on Iran would tighten supplies.

The pound fell at its lowest level against the dollar and the euro in about a year after a survey showed more people were backing a second referendum on Britain's exit from the EU if talks with Brussels collapsed.

Overnight, US stocks closed mixed for a second consecutive session as investors weighed on fears of a continuing trade war against corporate earnings news that is largely optimistic.

The Dow fell 0.3 percent and the S & P 500 fell 0.1 percent, while the Nasdaq Composite Index rose sharply.

European markets ended a mixed session on Thursday after they faced difficulties earlier in the day as China imposed retaliatory tariffs on US goods.

The European Stoxx 600 index rose 0.1 percent. Germany's DAX rose 0.3%, France's CAC 40 fell marginally while the FTSE 100  fell 0.5%


Other analysis

NASDAQ Technical Analysis 10 December 2018

Time frame Used - four hours The NASDAQ 100 is moving in a bearish direction in the near term. The bears managed to control the movement of the NASDAQ 100 index to retreat to the 6590 level as it faced resistance and selling pressure around the important resistance level of  7100 which pushed it back down again. In view of the technical indicators Both the RSI and Stochastic are indicating…

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any doubts.TradingPekk.com does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.