European Shares Fall As Trade Tensions Weigh

www.oann.com | 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 ,...
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