Media iN / London 06 -05-2019
European stocks opened sharply lower today after news of trade tensions between the world’s two largest economies, the United States and China.
The downward trend was led by German Dax and French CAC, down 1.7% and 1.8%, respectively.
The STOXX 600 index of European equities lost 1.2 percent by 0720 GMT, marking the biggest drop in six weeks.
Italy and Spain shed more than 1 percent while markets in Britain closed due to a banking holiday.
The prospect of a deal between China and the United States was one of the reasons for the strong rally this year.
