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LAST UPDATE: 10.47
With heavy losses, the week opened for European stock markets, in the context of the escalating conflict between the United States and China over responsibility for spreading the coronation.
On the board, the pan-European index Stoxx 600 It was down 3.19%, with the automotive and energy sectors falling more than 4%, while all major industries and stock markets are moving in a negative direction. The other pan-European index Eurostoxx 50, with the “heavy papers” of the Eurozone, “loses” 3.58%.
The German DAX decreases sharply by 3.10%, with the French CAC “lose” 3.61% and the British FTSE 100 to clearly decrease more “slightly”, by 0.34%.
In the region, Italian FTSE MIB registers losses of 2.93% and the Spanish IBEX 35 largest, at 3.15%.
European stock markets are following the trend in Asian stock markets, reacting to escalating tensions between Washington and Beijing.
United States President Donald Trump said a “mistake” by China was the cause of the massive expansion of the crown on the planet, although he did not provide any evidence to back up his claim.
Speaking to Fox News, the head of state said: “I think they made a tragic mistake and do not want to admit it.”
On Thursday, US intelligence officials said they had concluded that the virus was not “man-made,” but were still examining whether its spread could be the result of some kind of “accident in a Uhan lab.” China has denied the allegations.
The number of new virus cases worldwide has exceeded 3.5 million, with more than 247,000 deaths. Although the number of new cases and daily deaths continues to decline in both Europe and the United States, in Latin America and Africa the trend is increasing.
In terms of macroeconomic data, IHS Markit’s manufacturing PMI in Spain for April fell to 30.8 points, from 45.7 in March, while analysts expected it to average 35 points.
The corresponding manufacturing index in Italy, which was announced a little later, moves to 31.1 points for April, from 40.3 in March, while analysts expected a further drop, at 30 points.
The French manufacturing PMI was stable at 31.5 points, the same as last month, as analysts had forecast.
