The global stock markets were on sell-side and declined before the approaching deadline of the  US-China trade tariffs on Friday. The Wall Street opened by over 1 % decline today. Dow Jones was down 1,22 % to 25 649 points, S&P 500 index was down 1,13 % to 2847 points and technology index Nasdaq down 1,46 % to 7827 points.

In Europe the FTSE 100 index was down 0,65 % to 7223 points in London, the CAC 40-index was down 1,63 % to 5239 points in France and German DAX index down 1,30 % to 12021 points.

The euro was trading  at 1,11 dollars, the dollar was trading at 112 yens and sterling at 1,29 dollars. The yen climbed somewhat against dollar while the investors sought heavens before the Friday deadline.

According to Bloomberg News, the US trade deficit with China decreased to 28,3 billion dollars in March. If the trade talks fall, the US is said to lift the tariffs of Chinese goods valued 200 billion dollars to 25 % from 10 %.

Friday is also the IPO day for the US ride-hailing company Uber. It is expected that the listing the company is one of the biggest tech IPOs since Facebook and the company value is estimated to be around 90 billion dollars.

 

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