Economic news

Stock in Europe fall, all eyes on Sino-U.S. trade row

European stocks dropped on Tuesday after the U.S. president threatened to raise tariffs on $200 billion in Chinese imports.

Photo: Reuters

The pan-European STOXX 600 index slipped 0.2 percent, retreating from the one-week top touched overnight on optimism over political and economical issues in region.

Miners led the decline on Tuesday, losing 1 percent as copper prices fell for the third session, dragged down by Trump comments. The export-oriented auto stocks tumbled 0.6 percent.

Travel sector was under pressure after Thomas Cook suspended its final dividend for fiscal 2018 and lowered its profit forecast.

Shares in Tele2 rose for a second session, up 7.5 percent, as the sale of its Dutch unit to Deutsche Telekom is likely to be approved by the European Commission.


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