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Global stock markets buffeted by trade tensions

Major world stock markets fell further in a context marked by China-US trade tensions and Donald Trump’s statements on the Chinese currency.

In Europe, the CAC 40 (Paris) fell by nearly 2% after -4% during the past week. The London Footsie also fell by 2.10% and the Dax of the Frankfurt Stock Exchange by 1.50%.

On Wall Street, the Dow Jones fell back by 2.14% to 25,918.96 points, while the Nasdaq with strong technological connotations dropped 2.88%. The broad S&P 500 index lost 2.22%. Last week, Wall Street had already been affected by trade tensions between China and the United States, the Nasdaq and the S&P 500 recording their worst weekly decline of the year.

Lastly, Asian stock markets were not spared, with declines noted on the Shanghai Stock Exchange (-1.62%), and on the Shenzhen Stock Exchange (-1.47%). The Nikkei loses -1.74%.

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