Equity markets down as US-China tension escalates
European and Asian bourses open slightly lower, with the US stimulus deal still at a stalemate, which is weakening the dollar
18 August 2020 - 11:11
London/Hong Kong — European shares slipped on Tuesday as simmering political tensions between the US and China escalated, while concerns over a deadlock on further US fiscal stimulus drove the dollar towards a two-year low against its rivals.
A weaker opening for the region’s blue-chip euro Stoxx 50 weighed on Asian stocks with MSCI’s broadest index of Asia-Pacific shares excluding Japan giving up early gains to trade flat...
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