Europe’s main stock markets were trading without much conviction on Tuesday, buoyed by modest gains against a backdrop of weak macroeconomic news and growing caution in the face of trade uncertainties between the United States and the European Union.
In Paris, the CAC 40 nibbled just 0.01% around 7,828 points, following yesterday’s clear rebound of +1.21%. Frankfurt was up 0.07%, while London, back after a bank holiday, posted a more sustained rise of 0.79%. The EuroStoxx 50 and FTSEurofirst 300 each gained 0.15%, while the Stoxx 600 appreciated by 0.22%, in line with Monday’s performance (+0.98%).
Persistent trade tensions : Europe remains on alert
The trade war between the US and the EU continues to fuel market nervousness. Last Friday, Donald Trump rekindled tensions by threatening to impose a 50% surtax on European products from June 1, triggering a sharp fall in European stock markets.
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