European shares fell sharply on Monday after U.S. President Donald Trump unexpec...
- European shares fell sharply on Monday after U.S. President Donald Trump unexpectedly ratcheted up trade tensions between the world’s largest economies by vowing to hike tariffs on Chinese goods by this week, prompting investors to flee riskier assets.
Bourses in Italy, Spain and France also fell more than 1 percent while markets in Britain remained shut for a bank holiday. Auto stocks’ 3 percent slump led broad based declines among European sectors. In a relatively light day for earnings, dealmaking was in focus. ThyssenKrupp lost 3.3 percent after the company said it still saw scope for agreement with European antitrust regulators on a planned joint venture with Tata Steel despite a report that Brussels was likely to block the deal.
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