European stock markets are taking a hint following remarks cominfg from the US President Donald Trump who has said that he is ready to put duties on all $500 billion of Chinese imported goods. He added that tariffs aimed at China are not politically motivated claiming at the same time that other countries are taking advantage of the US on trade. Trump also reiterated his view with regard to the Federal Reserve monetary policy saying that he does not agree with Powell as for hiking interest rates. He concluded that he is neither thrilled nor happy that the Fed is raising rates. In effect, the DAX (DE30) is declining 0.6% while the SP500 futures (SP500) are moving down amost 0.3% pointing to a red opening.
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