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European markets are expected to open mixed, as investors monitor the trade war escalation


European markets are expected to open mixed Thursday after the pan-European Stoxx 600 has reached its lowest point since March 11 as investors navigate the latest escalation of the US-China trade war.

European markets: FTSE, GDAXI, FCHI, IBEX

FTSE 100 seen flat around 7189, while the DAX index is expected to open around 40 points higher at 11,876. CAC 40 is expected to edge by about 12 points higher at 5,234 for IG data.

Chinese state newspaper "does not say that we did not warn you" among the use history-laden phrases indicating trade friction between the world's largest economies. Chinese Vice Minister of Foreign Affairs Zhang Hanhui Following this Saturday, equating N US Trade provocations on the "naked economic terrorism."

Asian stocks traded mostly lower Thursday afternoon mainland China indices leading to loss component Shenzhen, lost 1.27%.

The focus again is a & # 39 is a threat to China was his dominance in rare earth minerals, which are crucial for the production of a range of technology products, including the iPhone & # 39; s and electric vehicles. The Pentagon is reportedly working to reduce the dependence of the US N on Chinese rare earth minerals in the light of the threat.

Investors in the United States and monitoring of internal political developments after the US Special Adviser Robert Mueller said Wednesday that its probe into the Russian intervention in the 2016 presidential elections is not clear, Donald Trump, while Congress weighs impeachment.

Back in Europe, a survey conducted in Germany on Wednesday showed that the majority of Germans do not see the successor Angela Merkel imaginary, Kramp-Karrenbauer, and need to replace it, denting hopes the party leadership for a smooth transition.

Reuters survey also showed that investors continue to refrain from cheap scooped FTSE 100 shares, and in the UK in pulling out of the European Union remains unclear.

In corporate news, the Financial Times reported that German prosecutors raided the offices of the luxury car manufacturer Porsche in the probe on suspicion of misuse of corporate funds management companies. Meanwhile, the CEO of Nissan Hiroto Saikawa said he sees no suras & # 39; oznaga lack proposed $ 35 billion merger with Renault alliance partner Fiat Chrysler.

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