The Milan bourse seesawed early
Friday amid a tariffs clash between the USA and China.
After opening 0-98% up, the FTSE-Mib then posted a trading loss
of 1.5% amid the stand-offs that has seen US President Donald
Trump raise tariffs on Chinese goods to 145% and China respond
by raising tariffs on American products to 125%.
Also currently falling are Frankfurt (-1.4%), Paris (-0.9%),
Madrid (-0.5%) and London (-0.3%).
On the currency front, the dollar is accentuating its weakness
against the main currencies.
The euro has risen by 2% to 1.1447 against the greenback.
The pound also strengthened to $1.3120 and the Swiss franc to
$1.2320, with the latter at an all-time high.
There are fears of an all-out trade war between the Unites
States and China sparking a global recession.
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