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European stocks open higher amid new U.S.-China tariffs

By Yana Berman

Major European indexes opened slightly higher on Monday, Sept. 2, amid a new turn in the trade war between the United States and China.

According to CNN data provided, FTSE 100, the London Stock Exchange market index, has gained 1.44% over the past 24 hours.

Germany’s DAX was up 0.39%, while French CAC 40 saw an increase of 0.34%. New tariffs on $112 billion of Chinese goods were introduced by the administration of the U.S. President Donald Trump on Sunday, Sept. 1.

The retaliatory measures imposed by China also kicked in last weekend. Beijing responded with tariffs that targeted a total of $75 billion of U.S. goods.

Per CNBC, European investors are closely monitoring the situation in Britain as the Queen has approved Prime Minister Boris Johnson’s plan to suspend the Parliament in September amid fears of a no-deal Brexit.

Some attention is also focused on the ongoing political crisis in Italy, where PM Giuseppe Conte, the head of a coalition government between the Five Star Movement and the League, announced his resignation on Aug. 20.

Tokenised securities are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how tokenised securities and leverage work and whether you can afford to take the high risk of losing your money. Nothing in the above article should be regarded as a recommendation to trade generally, to trade on a particular platform or to trade in a particular asset. Asset prices can go down as well as up and past performance is not a guide to future performance. Investors and traders should thoroughly research an asset or strategy before making any trading or investment decision and if necessary seek professional advice.

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