European Shares Fall As Trade Tensions Weigh | 3/2/2018 | Staff
Alenaaa (Posted by) Level 3
MILAN (Reuters) – European shares fell to new two-week lows on Friday after Donald Trump said the United States would impose tariffs on imported steel and aluminum, prompting worries over a global trade war.

Such concerns sparked a broad sell off in Europe, sending the pan-regional STOXX 600 index down 0.7 percent by 0825 GMT. Germany’s DAX fell 1.1 percent and Britain’s FTSE dropped 0.3 percent.

Sectors - Territory - Autos - Drop - Slump

All sectors were trading in negative territory, with autos leading the drop and weighed down by a 3.7 percent slump in Fiat Chrysler shares on concerns that the U.S. tariff move could increase raw material costs.

Steel and aluminum stocks were also generally lower with ArcelorMittal ,...
(Excerpt) Read more at:
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!