"Global stock markets are bracing for falls when trading resumes on Monday after Donald Trump threatened eight European countries with fresh tariffs until they support his ambition to acquire Greenland. The US president's plan to impose new trade levies of 10% on goods from Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands and Finland from 1 February, rising to 25% on 1 June, is creating fear in the markets, and among European businesses."
"Britain's FTSE 100 index was on track to fall by 0.9% on Monday, IG's weekend market suggested, while its Weekend Wall Street market indicated a 0.5% fall on the Dow Jones industrial average, which tracks 30 large US companies. Gold was trading 0.6% higher at $4,625 an ounce on IG's weekend bullion market, nudging the record high of $4,642 an ounce hit last week, while spot silver was trading 0.5% higher at $90.41/oz."
Threatened US tariffs of 10% from 1 February and rising to 25% from 1 June on goods from Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands and Finland are causing international market unease. Weekend brokerage IG markets signal likely falls on the FTSE 100 and the Dow when trading resumes. Rising geopolitical fears are lifting demand for safe havens, pushing gold and silver toward record levels. Leaders across Europe criticised the move as damaging to Nato cohesion and existing trade agreements. Analysts warn the policy could unsettle political negotiations and impose new economic costs on affected European businesses.
Read at www.theguardian.com
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