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.




Google defends Gmail data sharing

Google defends Gmail data sharing

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Singapore Airlines bans lion bones in cargo

Singapore Airlines bans lion bones in cargo

Singapore : Singapore Airlines said yesterday it has stopped accepting lion bones for cargo after the carrier was singled out in a report for transporting the animal parts from South Africa. Campaigners have long called for a ban on the controversial trade in big cat bones, which are s

Bug in cake gives Ikea India embarrassment

Bug in cake gives Ikea India embarrassment

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Turkey projects lower growth, high inflation

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Smuggling drugs into jail: Plea verdict date set

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Bahraini women ‘excelling in all fields’

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Google defends Gmail data sharing

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Singapore Airlines bans lion bones in cargo

Singapore Airlines bans lion bones in cargo

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Bug in cake gives Ikea India embarrassment

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Bahrain residents gather ‘to rebuild Kerala’

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Two drug addicts sentenced to one year

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Four charged after man dies of heroin overdose

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