Global stocks were lower on Monday due to the comments from the US President Donald Trump. He said, that the US could consider raise tariffs on 200 billion dollars worth of Chinese goods. It would mean that the tariffs would increase from 10 % to 25 % on Friday. And also that new tariffs, worth of 325 billion dollars of Chinese goods, would be placed as well.
The US China trade talks are still expected to continue this month and according to Reuters the negotiators are expected to meet during this week.
The Asian Stock Exchanges were hit on Monday by 3-5% plunge. In Shanghai the stocks ended down 5,5 % and in Hong Kong the slide was 2,9 %.
In Europe the German DAX index ended down 1,01 % to 12 286 points and the France CAC index ended down 1,18 % to 5483 points. In London the FTSE ended up 0,40% to 7340 points.
In Wall Street the trend was not that dramatic while the Dow Jones was down 0,66 % to 26330 points and Nasdaq -0,86 % to 8094 points. S&P 500 was also trading down 0,85 % to 2920 points.
The British sterling was trading down 0,50 % to 1,31 dollars.