European stocks are set to open slightly higher Friday morning, after the U.S. hiked duties on $200 billion of Chinese products Thursday.
European stocks are set to slightly open higher Friday morning, however setting a cautious tone, after the U.S. hiked duties on $200 billion of Chinese products Thursday.The FTSE 100 is seen 25 points higher than its Thursday close, opening around 7,232. Meanwhile the CAC is expected to open around 17 points higher at 5,330, while the DAX is poised to start up around 33 points at 12,006, according to IG.
Upon the passing of the midnight ET deadline, Washington increased tariffs on Chinese goods from 10% to 25%. China immediately said it would retaliate, though did not specify how as yet. On Wall Street, the Dow fell 138 points, while the S&P 500 dropped for a fourth consecutive day ahead of the looming trade deadline.
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