European stock markets slump after trade war escalates
MG News | August 02, 2019 at 12:31 PM GMT+05:00
August 2, 2019: European stock markets tumbled at the start of business on Friday after US President Donald Trump dramatically escalated the trade war with China by slapping tariffs on $300 billion of goods.
London's blue-chip FTSE 100 index fell 1.6 percent in early trading, while the DAX 30 in Frankfurt slumped 2.2 percent and the CAC 40 in Paris tumbled 2.3 percent.
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