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European markets are trading lower with a focus on trade tensions

2019-06-12 07:54 am | Resource: News | No Views : 14

 European markets are trading lower with a focus on trade tensions

Stocks fell on Europe's main stock markets shortly after the start of trading on Wednesday as investors focused on the ongoing trade war and the upcoming UK prime minister's election. Irish Prime Minister Leo Varadkar warned that the withdrawal agreement would not be renegotiated despite the change of British leadership.

 Definitions are an important part of Trump's strategy

The import tariffs are an important part of US President Donald Trump's policy and strategy, White House director of trade and manufacturing policy Peter Navarro told CNN on Tuesday. Navarro went on to defend Trump's use of the induction threat to make Mexico agree to limit the flow of migrants from crossing its territory, saying the president's position in the negotiations was "entirely appropriate." Tariffs have been used many times in US history, making the country "great," he said.

Turning to China, Navarro said the two countries would either agree to a trade deal or the United States would impose more tariffs on Chinese imports. He also denied that US consumers pay fees, saying that China bears the costs because it has to devalue its currency to remain competitive in the US market.

Dassault Systems Acquires Meddata for $ 5.8 Billion

The European software firm Dassault System will acquire US technology company Meddata in a deal worth $ 5.8 billion, the two companies said in a press release on Wednesday.

Dassault will receive Meddata for $ 92.25 per share, representing an enterprise value of $ 5.8 billion. The last fiscal year ended December 31 last year with revenues of $ 636 million. The board of directors of both companies has approved the transaction, which is expected to be completed in the fourth quarter of this year subject to regulatory approvals and shareholders as well as normal closing conditions.

European Stocks Open
  • The FTSE 100 fell 0.35% shortly after the opening bell, with British American Tobacco losing 1.60%.
  • The DAX was down 0.30%, weighed down by Adidas AG by 1.56%.
  • At the same time, the CAC 40 index fell 0.47% as TechnipFMC fell 1.62%.

The Euro and GBP were almost steady at 9:14 am CET, trading at $ 1.1315 and $ 1.27265, respectively.


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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…

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