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The Breakfast Briefing: Global Shares Extend Fall On Trump Trade Threats
FYI: Stocks in Europe and Asia were mostly lower Monday after President Donald Trump issued another threat to leave Canada out of the North American Free Trade Agreement.
Some investors were looking at the Nafta renegotiation as a bellwether for how far the U.S. is willing to take its trade spat with China.
The Stoxx Europe 600 dipped 0.1% in early European trade, with the export-heavy German DAX index down 0.3%. Car makers were the worst-performing sector, falling 0.9%.
Stock markets in Asia-Pacific were also weaker, with Japan’s Nikkei Stock Average closing down 0.8%, Hong Kong’s Hang Seng falling 0.8% and Australia’s S&P ASX 200 dropping 0.1%.
U.S. markets were closed for Labor Day. Regards, Ted
