Stocks rally stalls as U.S.-EU trade war threat simmers
World stocks slipped below the six-month high they reached earlier this week as U.S. President Donald Trump threatened more tariffs against the European Union, though the prospect of European Central Bank largesse kept them from falling too far.
Trump threatened on Tuesday to impose tariffs on $11 billion worth of EU products in a long-running dispute over aircraft subsidies, opening a new front in his global trade war.
U.S. and Asian stocks fell, and the MSCI world equity index, which tracks shares in 47 countries, dropped below the six-month low reached earlier in the week.
A pan-European index of shares was up 0.3 percent, partly reversing Tuesday’s losses.
Article source: http://www.dailystar.com.lb//Business/International/2019/Apr-10/480847-stocks-rally-stalls-as-us-eu-trade-war-threat-simmers.ashx