Market News & Analysis
European Equity Market Handover: More trepidation on Trump tariff tweets
Ken Odeluga May 8, 2019 2:43 PM
Stock market snapshot as of [8/5/2019 2:26 PM]
- Financial market Déjà vu, or that sense we’ve been here before is difficult to shake
- Washington sticks with plans to load another 15 percentage points of tariffs on Chinese goods, currently set at 10%, issuing formal notice of this a short while ago
- Consequently stock markets are again tied to headlines, including Trump’s Twitter feed, just like the dark days from earlier in the trade war. A fillip that followed the U.S. president tweeting: "China has just informed us that they (Vice-Premier) are now coming to the U.S. to make a deal" lasted a few minutes
- Germany’s DAX outperforms major markets with the help of gains by industrial giant Siemens, which rises 5% on earnings and news that it will spin off its power unit
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