US, EU and UK stock markets hit by global trade war fears as JPMorgan says Trump administration may be ‘business unfriendly’ – as it happened | Business
Wall Street joins the sell-off
Ding ding rings the Wall Street opening bell, to signal the start of trading in New York.
And stocks are sliding, as investors react to the imposition of tariffs on Canada, Mexico and China by the US.
The Dow Jones industrial average, of 30 large US companies, is down 1.26% at the start of trading, falling by 561 points to 43,982 points.
The broader S&P 500 index fell by over 1.6%, as stocks are roiled by Donald Trump’s tariffs.
The tech-focused Nasdaq index has dropped by 1.9%, while the Russell 2000 index of small US companies has dropped by 2.4% at the open.
Fawad Razaqzada, market analyst at City Index, says investors are defensive:
Overall, risk-off trade has dominated in the first half of Monday’s…
