Trade Tensions to Dominate in European Stock Markets
Arslan Butt•Thursday, July 18, 2019•1 min read
Global trade tensions are expected to keep global stock markets under pressure. On Thursday, European stock markets opened lower over reports that the US-China trade talks have stalled for now.
Asian stock markets also traded lower after Japan’s exports and manufacturers’ business confidence declined, according to latest reports released earlier today. NIKKEI225 lost 1% of its value over the release of this data.
The US earnings season also remains in focus with leading companies like Danske Bank, Novartis, Publicis and SAP due to release their earnings reports today. In addition, European stock markets will also focus on UK’s retail sales data due to release later today.
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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