European sharemarkets were weaker on Tuesday with tariffs in focus. Investors were focussed on new threats by the US President to apply tariffs on China. And Germany's Wirtschaftswoche magazine reported that the US could announce new taxes on imported cars at the G20 meeting. The pan-European STOXX600 index fell by 0.3%. The German Dax index lost 0.4% and the UK FTSE index fell 0.3%. In London trade, shares of Rio Tinto fell by 2.1% and shares in BHP were down by 1.4%.
European sharemarkets were weaker on Tuesday with tariffs in focus. Investors were focussed on new threats by the US President to apply tariffs on China. And Germany's Wirtschaftswoche magazine reported that the US could announce new taxes on imported cars at the G20 meeting. The pan-European STOXX600 index fell by 0.3%. The German Dax index lost 0.4% and the UK FTSE index fell 0.3%. In London trade, shares of Rio Tinto fell by 2.1% and shares in BHP were down by 1.4%.
* US sharemarkets moved into positive territory after US President Trump and chief economic adviser Larry Kudlow remained hopeful about a trade deal being secured with China. Trade-sensitive Boeing was up 0.6%. With an hour of trade to go, the Dow Jones was up by 65 points or 0.3% after being down earlier by 224 points. The S&P500 index was up 0.2% and the Nasdaq index was higher by 4 points or 0.1%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank). The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice. This report is produced by Commonwealth Research based on information available at the time of publishing. We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
View more
