Escalating trade dispute sinks European shares

As it stated in MILAN/LONDON (Reuters) - European shares sank on Friday as a tariff dispute between the United States and China escalated, triggering a sharp selloff in trade-sensitive commodities stocks. Thursday's European Central Bank meeting had led investors to push back expectations for an interest rate increase, spurring a rally across European stocks. ADVERTISEMENTBanks .SX7P were the biggest drag on the market, falling 1.9 percent on souring sentiment over international trade and U.S.-China relations. Its gains helped Europe's aerospace and defense index .SXPARO, which also benefits from strength in the dollar, reach a record high before falling back 0.1 percent. ADVERTISEMENTPlane maker Airbus (AIR.PA) also reached a record high, but ended the day down 0.9 percent on the trade tariff fears.

European shares fall on US and China trade war fears

European shares fell on Monday as concern grew over the escalating protectionist standoff between China and the US, with CRH and Ryanair among heavyweight decliners in the Irish market. Shares in Ocado fell to their lowest in 10 days, down 7.8 per cent, on the online grocer's first day of trading on the FTSE 100. Virgin Money shares initially rose more than 2 per cent, before reversing course to end the day down 2.2 per cent. The Dow Jones Industrial Average was down 0.7 per cent, at 24,927.65, on track for a fourth straight session of losses. Among other stocks, Valeant Pharmaceuticals' US-listed shares fell nearly 8 per cent after the US health regulator declined to approval the company's plaque psoriasis treatment lotion.

European shares flat as trade worries weigh on tech

as informed in LONDON (Reuters) - European shares traded flat on Wednesday as worries over global trade persisted, with sentiment towards semiconductor stocks in particular souring after Micron Technology was banned from selling chips in China. The pan-European STOXX 600 index closed flat with Germany's exporter-heavy DAX .GDAXI and the UK's FTSE 100 .FTSE falling both 0.3 percent. News a Chinese court temporarily banned Micron Technology (MU.O) from selling chips in China, the world's biggest memory chip market, hit semiconductor stocks. "The biggest risks to the technology sector are regulation and global semiconductor disruption from an escalating trade war," Peter Garnry, head of equity strategy at Saxo Bank, said. Elsewhere, shares in Danske Bank (DANSKE.CO) were down about 2 percent.

European shares bounce but trade jitters linger on

LONDON (Reuters) - Better-than-expected euro zone economic data and energy stocks galvanized by an OPEC agreement on a modest increase in oil production helped drive a bounce in European shares at the end of a tumultuous week marred by trade war worries. Shares in European carmakers and Germany's DAX .GDAXI briefly tanked in afternoon trading after President Donald Trump threatened a 20 percent tariff on car imports from the European Union. Euro zone private business growth recovered in June and grew faster than expected, but manufacturing growth was the weakest in 18 months on trade worries, a PMI survey showed. ADVERTISEMENTThe better euro area data added to stronger figures from Germany and France to boost European benchmarks. The European banks index .SX7P climbed 1.3 percent with Italian lenders leading the gainers.

Poor data, trade jitters hit European shares as ECB meeting looms

MILAN (Reuters) - European shares fell on Friday as worries about global trade and an economic slowdown in the region weighed on investor sentiment ahead of a European Central Bank meeting next week that could signpost plans to wind down its massive monetary stimulus. ADVERTISEMENTHe said prospects for European equities were not particularly bright given the weakening economy and the possibility the ECB could debate whether to gradually unwind bond purchases. Trade war fears also weighed as U.S. President Donald Trump lashed out at Canada and the European Union, setting the tone for a hostile Group of Seven summit. "Italian turbulence is a problem but the ECB appears to be ignoring it and willing to go ahead with policy normalisation ... ADVERTISEMENTElsewhere in the banking sector, Deutsche Bank fell 0.7 percent and Commerzbank dropped 1.6 percent.

collected by :Ros Roger