European markets recovered steadily Thursday but remained on course for the year’s biggest monthly decline amid persistent escalations of the U.S.-China trade war. STOXX 600 is up 0.43%. The DAX is up 0.54% while France's CAC 40 is up 0.51% and London's FTSE 100 is up 0.46%.
U.S.tocks traded slightly higher erasing earlier gains on Thursday morning as bond yields curbed a recent drop that sparked fears over the global economy slowing down. The Dow Jones Industrial Average added 0.11%, putting the index on course to snap two consecutive days of losses. The S&P 500 added 0.13%, led by gains in real-estate and technology shares. The technology-heavy Nasdaq Composite rose 0.21%.
Asian shares extended a month-long slide and sovereign bonds surged on Friday after U.S. President Donald Trump ramped up trade tensions globally by suddenly slapping tariffs on all goods from Mexico, sending the peso tumbling. Further, China’s manufacturing data fell below analysts’ expectations. The Hang Seng falls 0.72%. The stock markets in Tokyo and Shanghai are in red 1.63% and 0.24% respectively, at this time. The Kospi is up0.14% and the ASX 200 has gained 0.08%.
Stocks in Asia finished generallylower today as China’s manufacturing data fell below analysts’ expectations. The Nikkei 225 is down 1.63% while Hong Kong's Hang Seng is off 0.79% and China's Shanghai Composite is lower by 0.24 The Kospi and ASX 200 are up 014 % and 0.08% respectively.
European shares sank to a more than three-month low on today morning, with carmakers taking the hardest hit after President Donald Trump opened a new front in global trade tensions by threatening tariffs on Mexican imports. The continent-wide STOXX 600 fell 1.09%, with Germany’s DAX, down 1.58% to its lowest in two months. Britain’s FTSE 100 and France’s CAC 40 all slipped 0.89% and 1.26% respectively.
President Donald Trump announced new tariffs against all products imported from Mexico, saying that they would stay in effect until the illegal immigration problem was solved, a move that immediately hit U.S. stock futures and the Mexican peso. Around 5:40a.m. ET, Dow Jones Industrial Average futures fell 281.00 points, S&P 500 futures and Nasdaq futures tumbled 34.50 and 112.25 respectively after Trump’s announcement, indicating a potentially rough day for Wall Street on Friday.