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European stock indices recorded a collective decline in today’s trading, as investors awaited developments in the US-China trade talks. The declines were as follows:
- The STOXX 600 index fell 0.22% to 552.40 points.
- The German DAX index fell 0.72% to 24,129.83 points.
- The British FTSE index fell by 0.24% to 8,817.14 points.
- The French CAC index fell 0.33% to 7,779.13 points.
- Italy’s FTSE MIB index fell 0.47% to 40,410.28 points.
Reasons for the decline:
Markets are awaiting the outcome of trade talks that began in London, with the United States seeking Chinese commitments to resume rare earth exports. Despite some positive signs, such as China’s resumption of exports of some rare earths and Boeing’s first commercial order from China, markets remain cautious about the outcome of these negotiations.
Asian and American market movements
Asian markets rose overnight as investors were optimistic about upcoming trade talks and the release of inflation and trade data from China. US futures remained largely steady, with the S&P 500 trading near record highs.
Expected economic data
US inflation data is expected to dominate investor attention this week, with the Consumer Price Index (CPI) released on Wednesday, followed by the Producer Price Index (PPI) on Friday. Investors are looking for clues about the impact of current tariffs on the economy.
Global markets are in a state of caution and anticipation, driven by developments in trade talks between Washington and Beijing, along with awaiting US inflation data. Meanwhile, some companies are experiencing strong movements due to acquisition deals or divergent valuations by analysts, reflecting divergent appetite for risk and investment.
