Fallout from Huawei hurts European equities
The US decision to remove tariffs on Canadian steel provided some relief to global markets, but its crackdown on Huawei kept the mood sombre
London — European stocks slipped on Monday as concerns about an escalating fallout from a US crackdown on China’s Huawei Technologies offset a slightly more positive tone on trade. Asian shares managed to reverse some of last week’s heavy losses on Monday, after the US said it would lift tariffs in North America, as investors cheered apparent wins by Conservative incumbent parties in elections in Australia and India. But the mood did not carry over to European markets. The pan-European Euro STOXX 600 fell 0.1%, the German DAX slipped 0.17%, while France’s CAC 40 weakened 0.21%.
Podcast | Business Day Spotlight - Huawei vows it will not crack under pressure..
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