Global Markets Tumble As Trade War Hots Up

Published / Last Updated on 24/06/2018

At the time of writing, 12 noon today, globally ‘blue chip’ indices were all trading significantly down ahead of the US markets opening this afternoon 2.30pm (UK BST) as trade war news starts to heat up:

Stock Market Indices

  • FTSE 100 (UK) - closing last week at 7,682, currently at 7,589 (-1.21%)
  • Dow Jones (USA) - closing last week at 24,580, not open yet 24,580 (0%)
  • Dax (Germany) - closing last week at 12,579, currently at 12,392 (-1.49%)
  • CAC (France) - closing last week at 5,387, currently at 5,338 (-0.91%)
  • Shanghai Comp. (China) - closing last week at 2,889, currently at 2,859 (-1.04%)
  • Hang Seng (Hong Kong) - closing last week at 29,338, currently at 28,961 (-1.29%)
  • Nikkei (Japan) - closing last week at 22,516, currently at 22,338 (-0.79%)

Headlines this week on Microsoft Money (powered by yahoo finance) tells a story:

  • FTSE dips as fresh trade war fears rattle global markets
  • FTSE 100 falls as trade fears show no sign of abating
  • FTSE 100 slides
  • FTSE falls US/China tensions at ‘point of no return’
  • FTSE 100 in red as EBA warns banks are not prepared for hard Brexit
  • There are another 10 to 15 headlines just like this.

China, India and Europe have now all deployed sanctions against the US as the US prepares to introduce additional tariffs that will hit the German and French car industry.

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