Tuesday, 07 July 2020
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European markets fall but still close out the month over 3% higher
Friday, 29 May 2020 23:32 WIB | MARKET UPDATE |Saham Eropa

European markets fell Friday as escalating tensions between the U.S. and China pushed back on the week™s positive sentiment amid the reopening of economies across the continent.

The pan-European Stoxx 600 provisionally closed down by 1.6%, but the index was still up over 3% since the start of May, on pace to register its second straight positive month following April™s more than 6% gain.

U.S. President Donald Trump is expected to hold a press conference Friday œon China and markets are expecting a further souring of relations between the world™s foremost economic superpowers.

The White House has been ratcheting up pressure on Beijing for weeks over blame for the coronavirus and, more recently, a new security law for Hong Kong that threatens the special administrative region™s autonomy, according to Secretary of State Mike Pompeo.

Source: CNBC

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