Trade war worries and the prospect of early elections in Italy and Britain hit E...
LONDON - Trade war worries and the prospect of early elections in Italy and Britain hit European markets on Friday, while the week’s search for safety left gold on course for its best week in three years, Japan’s yen at an eight-month high and bonds surging.
Europe was then led lower by a 1.6% slump in Italian stocks after Matteo Salvini, the leader of one of the country’s ruling parties, the League, pulled his support for the governing coalition on Thursday. [.EU] London’s FTSE and the pound were under strain, too, after reports the new UK Prime Minister, Boris Johnson, was planning for an election after an Oct. 31 Brexit. Sterling fell to two-year lows against the euro.
MSCI’s broadest index of world shares, which tracks 47 countries, was drifting back into the red and heading for its second straight week of declines, after one of its worst days in years on Monday.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European stocks seen lower on trade worries and political turmoil in ItalyEuropean stocks are seen lower Friday as investors monitor trade war developments and a possible collapse of the Italian government.
Read more »
Britain will face some food shortages in a no-deal Brexit: trade bodyA disorderly no-deal Brexit would disrupt some food supplies for weeks or months...
Read more »
As UK accelerates post-Brexit freeport plans, trade secretary takes lessons from U.S.Britain is accelerating its post-Brexit plans to develop freeports to boost trad...
Read more »
Kylie Jenner and Travis Scott Are Probably Not Getting Married in Italy, Maybe?I’m not a soothsayer and would certainly never profess to be one, but something tells me that Kylie Jenner and Travis Scott are NOT getting hitched in Italy, despite what the photos published by TMZ seem to show.
Read more »
Kylie Jenner, Travis Scott Shop in Italy Before Boarding Birthday YachtKylie Jenner and her crew have arrived in Italy and look ready to party for her 22nd birthday.
Read more »
Italy PM meets president as coalition close to collapsePrime Minister Giuseppe Conte met President Sergio Mattarella on Thursday to dis...
Read more »