European Daily Market Review 9.12.19

European stocks lost some ground today amid low Chinese export data, which is the result of the long trade dispute with Washington.

The French CAC-40 slipped around 0.32% while the British FTSE-100 lost 0.18% and Germany’s DAX dropped 0.12%.

The pan-European Stoxx 600 fell 0.1% earlier today with oil and gas stocks losing 0.7% to lead the tumbling mode.

French Finance Minister Bruno Le Maire reported that the country is ready to handle the threats from U.S. President Donald Trump to impose tariffs on French goods to the World Trade Organization (WTO).

The European Union levied five-year tariffs on biodiesel from Indonesia to fight against alleged subsidies to producers in the country.

The EU duties on Indonesian exporters of this type of biofuel, which is made from vegetable oils and animal fats for use in diesel engines, ranging from 8% to 18%, according to the European Commission.


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