European sharemarkets fell on Thursday on fears of a trade war over aluminium and steel tariffs. Also shares in Deutsche Bank fell to a record low, down by 7.1% on a report that the US Federal Reserve last year deemed its US operations as troubled. The broad STOXX600 index fell by 0.6%, the German Dax fell by 1.4% and the UK FTSE lost 0.2%. In London trade, shares of Rio Tinto fell by 0.5% and BHP rose by 1.2%. US sharemarkets fell on concerns that a trade war...
European sharemarkets fell on Thursday on fears of a trade war over aluminium and steel tariffs. Also shares in Deutsche Bank fell to a record low, down by 7.1% on a report that the US Federal Reserve last year deemed its US operations as troubled. The broad STOXX600 index fell by 0.6%, the German Dax fell by 1.4% and the UK FTSE lost 0.2%. In London trade, shares of Rio Tinto fell by 0.5% and BHP rose by 1.2%. US sharemarkets fell on concerns that a trade war could be sparked by the US decision to impose tariffs on steel and aluminium imports. A weaker US oil price weighed on the energy sector. US Steel rose by 1.7%. The Dow Jones finished lower by 252 points or 1.0%. The S&P 500 index fell by 0.7% and the Nasdaq index lost 20 points or 0.3%.
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