Global share prices fell on Monday on escalating trade tensions between
the United States and major economies while crude oil prices gave up
some of the hefty gains made after major oil exporters agreed to a
modest increase in production.
European shares, which hit multi-week lows last week, were expected
to extend declines, with financial spread-betters predicting Britain's
FTSE .FTSE and Germany's DAX .GDAXI would open 0.5 percent weaker, and France's CAC .FCHI to open 0.6 percent down.
In Asia, S&P500 mini futures ESc1 eased as much as 0.6 percent while MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 0.95 percent to 6 1/2-month lows. Japan's Nikkei .N225 lost 0.8 percent.
The Wall Street Journal reported that U.S. President Donald Trump plans to bar many Chinese companies from investing in U.S. technology firms and block additional technology exports to China.
As the threat of a full-blown trade war has become all the more real, MSCI’s gauge of stocks across the globe .MIWD00000PUS has fallen in five of the last six weeks, including last week, when it declined one percent - its biggest weekly drop in three months.
The index of global auto manufacturers .MIWO0AC00PUS remained soft after 4.7 percent fall last week,
Trump threatened to impose a 20 percent tariff on Friday on all imports of EU-assembled cars, a month after his administration launched an investigation into whether auto imports posed a national security threat.
A senior European Commission official said on Saturday that the European Union will respond to any U.S. move to raise tariffs on cars made in the bloc.
In Asia, S&P500 mini futures ESc1 eased as much as 0.6 percent while MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 0.95 percent to 6 1/2-month lows. Japan's Nikkei .N225 lost 0.8 percent.
The Wall Street Journal reported that U.S. President Donald Trump plans to bar many Chinese companies from investing in U.S. technology firms and block additional technology exports to China.
As the threat of a full-blown trade war has become all the more real, MSCI’s gauge of stocks across the globe .MIWD00000PUS has fallen in five of the last six weeks, including last week, when it declined one percent - its biggest weekly drop in three months.
The index of global auto manufacturers .MIWO0AC00PUS remained soft after 4.7 percent fall last week,
Trump threatened to impose a 20 percent tariff on Friday on all imports of EU-assembled cars, a month after his administration launched an investigation into whether auto imports posed a national security threat.
A senior European Commission official said on Saturday that the European Union will respond to any U.S. move to raise tariffs on cars made in the bloc.
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