The rise of the trade war initiated by US President Donald Trump led to a sharp decline in world stock indices. Reporting this Financial times (Ft) reference to change data.
The European Stoxx 600 index lost 1.6%, British FTSE 100 -1.3%. Airlines were subjected to the largest losses: International Airlines group shares fell by 7.4%and TUI tourist group -3.8%. Investors are afraid to reduce the demand for air travel due to trade barriers.
As a “shelter ,, investors are largely transformed into gold, the price reaches 3128 dollars per troica ounce. The return of 10 -year -old US Treasury bonds has decreased, which confirms the increase in demand for safe assets.
28 March Russia Deputy Minister of Foreign Affairs Alexander Pankin announcedStrengthening tariff conflicts between countries can provoke a global conflict in international trade. Pankin stressed that existing trade restrictions, especially the latest hardening, is the risk of turning into a chaotic conflict between “against everyone ..
Previously, Goldman Sachs is almost doubled Raised The possibility of stagnation in the United States.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.