collected by :Ros Roger
as declared 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.
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![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.
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LONDON (Reuters) - European shares fell on Monday as worries about U.S. trade policies and concerns about German Chancellor Angela Merkel's coalition government weighed on sentiment. Economic data also failed to reassure investors with euro zone factory growth slowing to an 18-month low in June amid widespread concerns about new trade barriers. The pan-European STOXX 600 ended the session down 0.8 percent with losses across the continent and sectors. In Paris, Airbus (AIR.PA) shares fell 2.5 percent after Bloomberg News reported the European planemaker would miss its delivery target for Pratt & Whitney-powered (UTX.N) A320neo narrow-body jets this year. British gambling technology company Playtech (PTEC.L) posted the worst performance, losing over 26 percent after it disappointed investors with a trading update.
as declared 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.
referring to
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.
referring to
LONDON (Reuters) - European shares fell on Monday as worries about U.S. trade policies and concerns about German Chancellor Angela Merkel's coalition government weighed on sentiment. Economic data also failed to reassure investors with euro zone factory growth slowing to an 18-month low in June amid widespread concerns about new trade barriers. The pan-European STOXX 600 ended the session down 0.8 percent with losses across the continent and sectors. In Paris, Airbus (AIR.PA) shares fell 2.5 percent after Bloomberg News reported the European planemaker would miss its delivery target for Pratt & Whitney-powered (UTX.N) A320neo narrow-body jets this year. British gambling technology company Playtech (PTEC.L) posted the worst performance, losing over 26 percent after it disappointed investors with a trading update.