European Stock Markets Higher Over Delay on EU Car Tariffs - Forex News by FX Leaders

European Stock Markets Higher Over Delay on EU Car Tariffs

Posted Thursday, May 16, 2019 by
Arslan Butt • 1 min read

Trump’s decision to delay tariffs on EU cars have driven European stock markets higher since yesterday. The US government is expected to make an official announcement latest by Saturday about delaying tariffs on cars by up to six months.

German DAX was trading 0.9% higher and FTSE was up by 0.8% at the end of the trading session on Wednesday. However, Italian stock markets are trading 0.1% lower on account of economic woes building up in the country.

DAX30 has also opened higher at around 12093.0 at the time of writing.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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