European markets remained cautious despite the fact that Wall Street closed at record highs on Wednesday. The markets have weakened with the closure of the United States for the July 4th holiday.
ABOUT MOVING MARKET
Chinese Ministry of Commerce spokesman Gao Feng said that existing US tariffs should be eliminated before a trade agreement is reached, but confirmed that the two nations had resumed negotiations.
The DAX DAX, -0.53% and the Stoxx 600 SXXP, -0.63% remained stable and the FTSE 100 UKX, -0.51% rose 0.1%, as the threat of escalation in the trade war was offset by continued optimism about the nomination of Christine Lagarde to replace Mario Draghi As president of the European Central Bank.
The selection of the managing director of the International Monetary Fund has reinforced the expectations of greater flexibility in monetary policy later this year.
Meanwhile, US President Donald Trump increased his rhetoric against Europe and China on Wednesday, accusing the pair of playing a “big coin manipulation game” and suggesting that the US They should use the same tactic.
The owner of British Airways International Consolidated Airlines (IAG) IAG, -0.24% fell 8% and Coca-Cola Coca-Cola HBCCCH’s largest European bottler, -0.10%, fell 7.5%.
The US homebuilder, Persimmon PSN, -2.72% posted a disappointing update of operations in the first half, as revenues decreased to £ 1.75 billion from £ 1.84 billion the previous year, which reflects the lowest housing market in the United Kingdom. Shares fell more than 2% before recovering.
Israeli oil and gas producer Energean Oil & Gas ENOG, rose 11.7%.