European stocks continued their decline on Monday, on the heels of this year...
- European stocks continued their decline on Monday, on the heels of this year’s biggest weekly loss, as an escalation in the U.S.-China trade war battered sentiment and prompted investors to shift into safer bets.
Graham Secker, European equity strategist at Morgan Stanley, said the near-term worsening in the risk-reward outlook for equity markets, amid rising trade tensions, may drive more traditional defensive sectors to outperform. Stocks of tariff-exposed auto-makers and their suppliers dived 2.7%, as all stocks on the sector index fell.
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