American uncertainty keeps European markets subdued
DSIJ Intelligence / 21 Aug 2017
With investors across the globe still unsure about US President Donald Trump’s ambitious economic agenda, the European markets opened at a lower note during the early hours of trade on Monday.
With investors across the globe still unsure about US President Donald Trump’s ambitious economic agenda, the European markets opened at a lower note during the early hours of trade on Monday.
The FTSE 100 index was trading at 7,311 levels, down by 13.19 points; CAC 40 index was trading at 5,087 levels, down by 27.43 points; while the German DAX was at 12,116 levels, down by 48.98 points. The pan-European Stoxx 600 was down by 0.33%.
In the US, shares of Wall Street got a short-lived boost after Trump fired his controversial policy strategist, Steve Bannon. This was followed by the resignation of his Special Advisor on Regulation, Carl Icahn, on Friday. Meanwhile, the tension between the US and North Korea continues to simmer in the background.
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