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DAX index drops more than 1 percent as trade tensions escalate

2019-07-18 07:51 am | Resource: News | No Views : 69

 DAX index drops more than 1 percent as trade tensions escalate

Europe's main stock markets fell, with Germany's DAX falling more than 1 percent on Thursday after US President Donald Trump said the EU was "tougher" than China on trade with the United States, and investors feared Britain would leave the EU on the deal after Warnings from EU officials that the UK is not ready for such a scenario.

The European Union offered to freeze Britain's exit from the EU for 5 years to the UK

On the other hand, reports reported that in 2018, the European Union offered to freeze the United Kingdom leaving the bloc for five years and try to negotiate a "new deal for Europe," as the actual deputy prime minister in the UK, the BBC said in an interview with BP C. Will be broadcast on Thursday evening.

"Let's see how things are going, let's share the UK with France and Germany, let's see how the dust settles and we talk about whether we can reach," Leidington said in May in the BBC Panorama. A new deal for Europe. "In the same program, the EU noted that the UK was not prepared for Brixset no deal at all, while the European Union took the necessary measures to ensure that everything worked well on its part in the event of Britain leaving the EU.

European Stocks Open
  • The CAC 40 lost 0.50% at 9:22 CET.
  • The FTSE 100 was down 0.48% at 9:22 CET.
  • The DAX was 0.94% in the red zone at 9:22 CET, leading a fall of 6.78% in SAP shares after the company posted its quarterly profit that was below market expectations.

On the currency front, the euro rose 0.12% against the dollar to reach 1.12382 at 9:26 CET. The pound was up 0.25% against the US dollar at 1.24642 ​​at (26:00 CET).

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