country flagالعربية

European stocks fell due to continuing trade concerns

2018-12-04 09:58 am | Resource: News | No Views : 197

Most of Europe's major stock markets traded losses early in the session on Tuesday as concerns about US-China trade negotiations reappeared. In accordance with the agreement reached at the G-20 summit.

The two largest economies in the world have 90 days to reach a comprehensive deal on trade, intellectual property, technology transfer and cybersecurity issues, which worries investors that it will be possible not to break the deadline. Meanwhile, the government in Paris suspended the price hike of fuel, according to AFP, as protests against this measure increased.

Euro group agrees to call for "stability"

Eurozone finance ministers, led by Mario Sentino of Portugal, ended the meeting on Tuesday after a full night of deliberations, with news outlets contained with quotations from those familiar with a hesitant consensus reached on the public budget. Mehrin Khan, writing for the Financial Times, wrote that the Eurogroup document included a paragraph for the "stabilization" efforts to be pursued, for which France was struggling, but also "a reinsurance component, and no one agrees" to Germany and the Netherlands , Respectively.

It was said that the Government's initiative in Paris led to the call for "further substantive work". Italy remains particularly curious, with the European Union maintaining pressure on what the administration in Brussels sees as excessive spending.

 MaCron will review the increase in fuel prices

In the framework of the framework, local reports in France indicated that the government will stop raising the fuel tax, which has sparked violent protests in several French cities over the past three weeks. French Prime Minister Edward Phillip is expected to announce the decision later today,

According to the Associated Press, quoting sources. The protests were raised after French President Macaron said in November that fuel taxes would rise as efforts to push individuals to switch to non-fossil fuels.

European Indices
  • The DAX fell 0.21% at 9:15 CET.
  • The FTSE 100 rose 0.28% at the same time.
  • Where the CAC 40 index was 0.28% in the red zone.
  • The Euro STOXX 50 fell 0.15% at 9:16 CET.

  • The euro rose 0.41% against the dollar at 9:17 am CET, rising to $ 1.13915.
  • While sterling rose 0.31% against the US dollar, changing hands against $ 1.2767.

Other analysis

Best Opportunities, Vision and Technical Analysis for The NASDAQ100 17 April 2019

We offer you the analysis of the NASDAQ 100 index on Wednesday , April 17, 2019 with the most important forecasts for the NASDAQ 100 index in the US market. Time frame Used - four hours The NASDAQ 100 is moving in a bullish direction in the near term. The Nasdaq 100 is still facing resistance and selling pressure around 7670 levels, forming a negative candlestick pattern as the indices…

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 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.