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European stock markets slump after trade war escalates

Aug 02 2019 11:27

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 $300bn 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% and the CAC 40 in Paris tumbled 2.3%.

european markets  |  equities  |  markets
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