7:50 AM · 14 July 2020

Indices drop as China sanctions Lockheed Martin

DE30 and US500 deepened during the first hour of European session after China said it would impose sanctions on US aerospace company, Lockheed Martin (LMT.US). Lockheed is also one of top US defense contractors. The move reminded markets that coronavirus is not the only problem the global economy is facing right now.

DE30 deepened decline after announcement from China. Source: xStation5

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