LONDON - Since U.S. President Donald Trump’s tweets derailed U.S.-China trade talks ten days ago, European stocks have outperformed Wall Street in a sign that investors are pinning their hopes on the region’s battered equities weathering the protracted trade spat.
Both the pan-European STOXX 600 and the S&P 500 have fallen since May 3, the trading session before Trump slammed China on trade and threatened more tariffs on billions of dollars of imports from the world’s No. 2 economy.Though only a small margin, that’s a marked change from the past year during which the index has lagged the U.S.
Hopes the euro zone economy is through the worst and bottoming out, relatively low valuations and optimism that a U.S.-China deal will soon be brokered are helping fuel the gains, said Lukas Daalder, BlackRock’s chief investment strategist for the Netherlands. “There’s a bit of sentiment around that. It means we’re not going to be in rough territory immediately, but that’s a silver lining to a really dark cloud,” said Daalder.
Source: News Formal (newsformal.com)
Harvest🔻 of the Soldiers 🌄During the Week of the 27th of Sha‘ban Through 3rd of Ramadan 1440 HA NBADraftLottery BillsMafia
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.
Wall Street rout worsens as China hits back on tradeU.S. stock markets fell more than 2% on Monday after China announced retaliatory... In related news, realDonaldTrump briefly seems plausible. Blame realDonaldTrump realDonaldTrump, thank you for an unnecessary trade war which we can not possibly win since we are borrowing money from those we are bickering with. Middle and lower classes are happy for you to steal more of our tax dollars 💵 MAGA ..oh, wait no!! impeach this loser!!!
Source: Reuters - 🏆 2. / 97 Read more »
The trade war may be just getting started, but the market damage is already doneWall Street is increasingly concerned that this more about the 2020 election than U.S.-China trade. BobPisani 2% drop for crying out loud. BobPisani 😂 they are pulling up despite danger... it’s insane fo destroy all small traders...
Source: CNBC - 🏆 12. / 72 Read more »
Wall Street plunges after China announces plans to raise tariffs on $60bn of U.S. goodsThe escalating trade war between China and the U.S. continues to put Wall Street stocks under pressure. SocialControl So goes my retirement savings.
Source: Newsweek - 🏆 468. / 52 Read more »
Selloff deepens on Wall Street as China plans to hit back with tariffsWall Street's main indexes fell more than 2% on Monday after Beijing announ... Ha Ha Red Monday!!! Bleeding to the death 💀... who knows if China 🇨🇳 will remove retaliation due to humiliation on visit... fools think everyone is fools... wait for their actions to realize if they are!!! Trade wars are “easy to win!” So much winning!
Source: Reuters - 🏆 2. / 97 Read more »
European stocks drop as China ups stakes in trade war with U.S.European stocks continued their decline on Monday, on the heels of this year&03... Thank you mr carrot face! ..and the bitcoin goes up :) isn’t this how the Great Depression started and then rippled throughout the world?
Source: Reuters - 🏆 2. / 97 Read more »
Asian stocks are following Wall Street's bloodbath as the US-China trade war heats upAsian equities slumped after US indexes tanked at least 2% on Monday. 'Markets are likely to take Trump's words with a few pinches of salt.' I honestly would not accept that China does not have a deal lucrative enough on the backburner that enables them to play hardball with the US like this
Source: BusinessInsider - 🏆 729. / 51 Read more »
As Trump fights with China over trade, U.S.-China economic relationship already being redefinedThe trend of U.S. companies serving Chinese consumers with products made in China could pose a significant challenge to Trump’s “America First” agenda Whose side is WAshington Post on: America's or China's? it seems like China's. Boycott China. Even Chuck Shummer agrees. Paradise Lost - Trump
Source: washingtonpost - 🏆 95. / 72 Read more »
US tariffs on China jump as deadline passes, China immediately says it will retaliateThe Trump administration is hiking duties on $200 billion worth of Chinese products to 25% from 10%. Futures are reacting based on your tweets . Do you guys have set any algorithms?
Source: CNBC - 🏆 12. / 72 Read more »
China's Sinopec, CNPC skip Iran oil buys for May as U.S. sanctions waivers end: sourcesChina Petrochemical Corp (Sinopec Group) and China National Petroleum Corp (CNPC... لكم السؤال ... The only language a bully (the US) understand is the power. Making a new deal with America is like playing chess with gorilla! 很明显，美国希望它们去购买美国石油。 我认为这也是贸易战的一部分，中国会接受，这样可以平衡一部分中美贸易逆差。
Source: Reuters - 🏆 2. / 97 Read more »
Sinopec, CNPC skip Iran oil purchases for May to avoid U.S. sanctionsChina Petrochemical Corp (Sinopec Group) and China National Petroleum Corp (CNPC... BREAKING 0530 Multiple Fighter jets, C-150s with equipment/military personnel taking off and flying overhead at my location. 0606: Fighter jets and C-150s take off. 0612: More of the same. I’m told this is an activation to the Middle East for a strike.
Source: Reuters - 🏆 2. / 97 Read more »
What to watch today: Stock swoon Day 3, Trump taxes, Google privacy, and moreU.S. stock futures point to an extension at the open on Wall Street of this week's declines on China trade concerns.
Source: CNBC - 🏆 12. / 72 Read more »