European shares steadied on Tuesday after posting their biggest two-day drop in ...
- European shares steadied on Tuesday after posting their biggest two-day drop in over 3 years, as upbeat German data soothed some of the nerves around the past week’s escalation of U.S.-China trade tensions.
German industrial orders rose 2.5% in June, the biggest jump since August 2017, although the government of Europe’s biggest economy said it was yet to reach a turning point after months of weakness which have worried investors. [nL8N2521BV] London's FTSE 100 index, packed with miners and commodity-focused firms who are heavily exposed to Chinese demand, fell another half a percent in morning trade.“The decent increase in June is good news, but is no cause for immediate celebration. In view of the trade conflicts, humility is required,” said Thomas Gitzel, economist at VP Bank.
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