European shares retreat on trade tensions
MILAN/LONDON (Reuters) - European shares fell for a second day on Monday as worries over a trade war between the United States and China continued to keep investors on the edge, while cable maker Nexans (NEXS.PA) plummeted after a profit warning. [MKTS/GLOB]"Investors continue to react to Friday's ramping of unwelcome US-China trade tensions," said Accendo Markets analysts Mike van Dulken and Artjom Hatsaturjants. Germany's DAX .GDAXI declined 0.8 percent, underperforming the broader European market amid worries that a crisis over migration policy could destabilize Angela Merkel's three-month-old coalition government. Adding to the pressure, Trump, who regularly complains about Germany's trade surplus and car exports, directly criticized Merkel's government. France's Nexans fell 16 percent after the company warned that an "abrupt deterioration" of its high-voltage activities was likely to translate into lower profits for the full year.as mentioned in
collected by :Ros Roger