5/31/2019, 9:15 AM (Source: TeleTrader)
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Europe slides in early trade, DAX loses 1.51%

Major stock markets in Europe were trading in the red shortly after the beginning of Friday's session, amid the global trade uncertainties and somewhat underwhelming economic data published before the opening bell. United States President Donald Trump sparked fears of the trade war escalation after he announced that Washington will impose a 5% tariff on all Mexican goods on June 10. United Kingdom house prices slumped in May, as did Germany's ten-year rate, which is nearing its ten-year low. During the session, data on Germany Consumer Price Index will be published as well.

The DAX lost more than 180 points, sliding 1.53% at 9:14 am CET, driven down by Wirecard's losses of 4.66%. In London, the FTSE 100 lost 0.81% shortly after the opening bell, while the CAC 40 lost 1.15% due to losses of the automotive industry and Valeo's 4% plunge.

The euro traded 0.07% higher against the dollar, changing hands for 1.1138 at 9:14 am CET, while the pound rose 0.04% against the greenback, going for 1.2613 at the same time.

Breaking the News / MA