Read more
10:14 · 19 June 2018

Stocks crater lower in Europe on trade concerns

Donald Trump seems to be ready to escalate Trade Wars as he proposed fresh tariffs on the Chinese imports overnight and caused a panic sell-off on the Chinese market (CHNComp, -3.1%). These moods have spread to Europe as the Old Continent may suffer if the Chinese economy slows. Russian RUS50 leads the markets lower at -2.5% while German DE30 sinks by 1.5%. DE30 traders should bear in mind the key support zone (12540 to 12610 points) that is currently being tested.

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Join over 2 Million investors from around the world