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European stocks hammered on trade, geo-political worries

European stocks hammered on trade, geo-political worries

European stock markets saw a severe downturn yesterday as trade conflicts weighed on sentiment and US investors also sold shares on their return from a long holiday weekend.

“US stocks are lower in early action, returning to action following the long Labor Day holiday break, with global trade and geopolitical concerns appearing to dampen sentiment,” analysts at Charles Schwab said. Earlier, Asian equities mostly rose following recent falls but investors moved cautiously as they awaited the latest developments in US President Donald Trump’s trade disputes with China and Canada.

“Investors are focusing very much on US trade talks,” said AxiTrader chief market analyst James Hughes.

There remains a sense of nervousness after Trump said he wanted to impose fresh tariffs on a huge swathe of Chinese goods by the end of this week. Emerging markets “Topping investors’ agenda this week is the Sino-US trade dispute and Canada... talks, which are both threatening to escalate along with fallout as Argentina’s austerity measures shake emerging markets,” said analyst Dean Popplewell at Oanda trading group.




Most of region end firm

Most of region end firm

Most Middle Eastern stock markets were firm yesterday while Egypt rose sharply in active trade on buying of blue chips that was encouraged by strength in emerging markets, generally due to optimism over the Sino-US trade dispute. The E

KAIE signs exclusive deal with Butzbach

KAIE signs exclusive deal with Butzbach

Kanoo Automotive and Industrial Equipment (KAIE) a subsidiary of the Ebrahim K. Kanoo conglomerate, has signed an agreement with partners Butzbach to expand their portfolio to include hangar doors. The deal, on the sidelines of the Bah

Thais take ASEAN chair

Thais take ASEAN chair

Protests, broken windows and dignitaries forced to flee by helicopter -- Thailand’s last stint as host of Southeast Asia’s biggest summit was devoured by political chaos. But as the chairmanship of the Association of Southe

UK budget carrier FlyBe says for sale

UK budget carrier FlyBe says for sale

Struggling British no-frills airline FlyBe yesterday put itself up for sale, adding it was in talks with potential buyers in the face of a challenging market. “The board of Flybe Group Plc announces today that it is undertaking a


MMA stars prepare for title showdown

MMA stars prepare for title showdown

Brave 18’s main event headliners are willing to go to any length to be crowned as the undisputed champion of the lightweight division. Brazilian Lucas Mineiro is set to defend his championship against Palestinian Abdul Kareem Al

Most of region end firm

Most of region end firm

Most Middle Eastern stock markets were firm yesterday while Egypt rose sharply in active trade on buying of blue chips that was encouraged by strength in emerging markets, generally due to optimism over the Sino-US trade dispute. The E

KAIE signs exclusive deal with Butzbach

KAIE signs exclusive deal with Butzbach

Kanoo Automotive and Industrial Equipment (KAIE) a subsidiary of the Ebrahim K. Kanoo conglomerate, has signed an agreement with partners Butzbach to expand their portfolio to include hangar doors. The deal, on the sidelines of the Bah

Thais take ASEAN chair

Thais take ASEAN chair

Protests, broken windows and dignitaries forced to flee by helicopter -- Thailand’s last stint as host of Southeast Asia’s biggest summit was devoured by political chaos. But as the chairmanship of the Association of Southe