The Stock Markets were down in today´s trading in Europe and in New York. In Asia the stocks ended up in Japan and in Hong Kong.

The market were pushed down by the news of the new possible tariffs in the US EU trade talks. Also the news that IMF, the International Monetary Fund, has lowerd the global and EU economic growth forecast for this year fueled the stocks down. The global economic forecast is now 3,1 % for this year (3,3 %).

According to the US Goverment they are proposing new tariffs worth 11 billion dollars in to the production from the EU. This would include for example civilian aircraft and agricultural products. The reason for this new stage in the negotiations is  the WTO , which has shown that the EU subsidies to Airbus (AIR) have had negative impact on the US trade.

Dow Jones was down 0,72 % to 26151 points, S&P 500 -index was down 0,61 %to 2878 points and Nasdaq-index was down 0,56 % to 7909 points.

In Europe the FTSE 100 ended down 0,35 % to 26151 points, the German DAX-index ended down 0,94 % to 11850 points and the Frensh CAC 40 -index ended down 0,65 % to 5436 points.

In Asia the Nikkei-index ended up 0,19 % to 21 802 points and the Hang Seng -index in Hong Kong ended up 0,27 % to 30 157 points.

The UK sterling was trading down 0,06 % to 1,205 dollars and the euro was unchanged at 1,1263 dollars. Dollar was down 0,29% to 111,16 yens today.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s