European scholarships closed a significant decrease on Friday (4) to expand the losses of the previous day, as markets are still digesting the effects of the new American definitions and evaluating the risk of climbing the trade war after the revenge announced by China. The Asian state responded with a 34 % rate promise to impose a 34 % rate on American products. The strong -related sectors and assets with the Chinese economy led the losses.
In London, FTSE 100 decreased by 4.95 % to 8,054.98 points. Frankfurt DAX also decreased by 4.95 %, as it decreased at 20,641.72 points, while CAC 40 Paris decreased by 4.26 %, and ended the session at 7,274.95 points. In Madrid, IBEX 35 decreased by 5.83 %, to 12,422.00 points, while PSI 20 fell from Lisbon by 4.75 % to 6,635.79 points. Indeed, MIB, from Milan, fell 6.53 %, closed at 34649.22 points. Initial quotations.
In the week, FTSE 100 6.97 % lost; DAX and Cac40 8.10 % decreased; FTSE MIB 10.56 % and PSI 20 gave 4.53 %. Ibex 35 was a decrease in accumulation of about 6.7 %.
The Stoxx 600 regional index fell 5.1 % on Friday, and was mainly pressed by the banking sector, which fell by 6.31 % after losing 5.53 % on Thursday. Bank of America has noted attention to the fact that banks are among the assets with the lowest global economy risk, making them more sensitive to potential slowdown or stagnation.
The luxurious retail sector has suffered again: the luxury Stoxx index fell by 3.81 %. LVMH decreased by 2.4 %, while KERING (the owner of Gucci) and Hermès lost between 3.7 % and 2.7 %, respectively, affected by dependence on the Chinese consumer market.
Among the sharp declines of today, the MAERSK (-10.5 %) and HaPag-LLOYD (-5.62 %), which are seen as heat scales for global activity. In the pharmaceutical sector, novartis decreased by 5.42 %, while Roche and Novo Nordisk were also working in the fall.
In the field of economic indicators, the orders of the German industry were stable in February, which thwarted the dropping of 3 % and contributing to the negative tone of the markets in this straight final of the week.