Shares in Europe are recovering from several days of slump, and also strengthened exchanges in Asia
There is nervousness among investors.
London. Shares on European markets have begun today’s trading, but they have deleted only a small part of the losses from previous days.
There is nervousness among investors due to the introduction of duties and their impact on the development of the global economy.
They also strengthened exchanges in Asia, most in Japan, where the main index added more than six percent.
The Pan -European Stoxx Europe 600 index, which monitors trading in Britain stock exchanges and selected European Union countries, showed a 1.3 percent growth to 480.3 points shortly after 09:30 CEST.
From Wednesday last week to Monday he wrote about 12 percent and was the lowest in 14 months. From the maximum he was on March 3, the index fell by 17.9 percent by Monday.
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Concerns about recession
The United States began to select 25 % CLO for car imports last week and then a 10 % CLO for virtually all imports to the US.
President’s administration Donald Trump At the same time, she announced that it will start to choose the so -called reciprocal from Wednesday this week dutieswhich varies in each country and, for example, the European Union countries represent 20 percent.
There are concerns in the markets that the trade war will lead to an economic recession. In addition to the prices of shares in recent days, commodity prices such as oil have also weakened. In fact, the global recession would reduce business activity and thus the demand for raw materials.
The DAX Index, which is the main indicator of the development of stock prices on the Frankfurt Stock Settlement, after 09:30 CEST added about 1.2 percent to 20 025 points.
The previous day was very close to the so -called bear market, as the period of prolonged decline is indicated when the last maximum index descends by at least 20 percent. Thanks to subsequent growth, however, the DAX has avoided the bear market.
The Paris Stock Exchange CAC 40 had a good 1.1 percent to 7005 points, and the London FTSE 100 Stock Exchange then showed a growth of 1.4 percent to 7812 points. At the same time, the FTSE Mib Milan Stock Exchange added 0.7 percent to 33,069 points.
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The European Union is also threatened with dights
The European Commission said on Monday that if it is not able to agree with the US administration to remove duties, it is ready to introduce retaliates 25 % duties to import some goods from the US.
Care duties and steel imports and aluminum in the US are already falling on the Union. From Wednesday it should also be so-called reciprocal 20 % CLO for further goods.
The European banks’ stock index showed a growth of about one percent shortly after starting. Investors were also interested in armor shares, which is a sector who is the best in Europe this year. The partial index of this sector shortly after start showed about three percent growth.
Asian markets also corrected losses from previous days, the Nikkei 225 Tokyo Stock Exchange added 6.03 percent to 33,012.58 points. The Hang Seng Index, the main indicator of the development of stock prices in Hong Kong, showed a growth of more than 1.5 percent to about 20 128 points just before the end of trading.
On Monday he wrote more than 13 percent and recorded the deepest slump since 1997.
