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Global Market Overview: Asia equities under pressure as trade jitters persist. Yen gains while dollar holds losses and oil retreats as global markets remain on edge.
StockMarketNews.Today – Fresh concerns on Friday about the prospect of a global trade war further unsettled financial markets after President Donald Trump said he was ready to slap tariffs on all Chinese imports to the US.
Equity market bulls, particularly in Europe, justify their stance on the claim that recent economic weakness represents a temporary soft patch.
Such optimism looks increasingly misplaced. In particular, the long-running poor performance of eurozone banks has been intensified by the latest escalation in trade protectionism by Donald Trump’s administration.