"European markets fell sharply on Friday after a closely watched summit between Donald Trump and China ended with limited tangible progress, leaving investors to reassess the geopolitical outlook and trade positioning across global asset classes."
"Stocks across the continent were sold broadly, with the FTSE 100 down around 0.8 per cent and Germany's DAX off about 1 per cent, as traders reacted to what was seen as largely "performative" diplomacy rather than substantive agreement."
"Mining stocks were among the hardest hit in London, with firms such as Anglo American , Antofagasta and all sliding as industrial metals weakened. Silver fell sharply while copper also came under pressure, adding to the sector-wide drag."
"In fixed income, US Treasury yields moved higher following stronger-than-expected producer price figures, reinforcing expectations that the Federal Reserve may need to maintain restrictive policy for longer. The move added further strain to global rate-sensitive assets."
European markets declined broadly after Trump–China discussions produced limited tangible progress. Investors reassessed geopolitical and trade expectations, selling equities across the continent, including the FTSE 100 and Germany’s DAX. Mining and industrial metals stocks fell as silver and copper weakened. Gold eased as investors trimmed positions after recent highs, while crude oil rose amid renewed geopolitical uncertainty and changing expectations for Middle East supply routes. Asian markets also weakened earlier, especially technology and semiconductor names, after US officials indicated chip export controls were not meaningfully addressed. Foreign exchange markets reflected risk-off sentiment, with the US dollar firmer and sterling and the euro weaker. US Treasury yields rose on stronger producer price data, reinforcing expectations for restrictive Federal Reserve policy and pressuring global rate-sensitive assets.
Read at London Business News | Londonlovesbusiness.com
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