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Europe close: Basic resources stocks slide as trade tensions rise further
Investors were left trying to get their bearings after the White House ratcheted-up the stakes again in its running trade spat with China, just before the US President arrived in Brussels for a three-day summit of NATO leaders.
London close: Stocks hit by trade worries
London stocks finished firmly in the red on Wednesday as trade tensions between the US and China ramped up a notch after Donald Trump followed through on his threat to slap tariffs on an extra $200bn of Chinese goods.
Thursday preview: US CPI, Asos in the spotlight
The focus on Thursday is likely to continue to be on the global trade front as well as the headlines coming out of the NATO leaders' summit in Brussels.
WTI slips despite very large drop in weekly stockpiles
US crude oil stockpiles shrank at an accelerated pace last week as imports fell back sharply and distillate inventories jumped.
US producer prices jump past forecasts in June
Wholesale inflation in the US outpaced economists' forecasts in June, driven higher by dearer energy and services and hitting a six-year high.
Europe midday: US Senator labels White House's tariffs "reckless"
Investors are trying to get their bearings after the White House ratcheted-up the stakes again in its running trade spat with China, just before the US President arrived in Brussels for a three-day summit of NATO leaders.
Next global financial crisis will throw-up opportunities, Mark Mobius says
Emerging market investing legend Mark Mobius is raising new funds in anticipation of buying opportunities on the horizon.
Europe open: Stocks hit by escalating trade tensions, Basic Resources plummet
Stocks are dropping fast after the White House made the most of the window of opportunity afforded by strength in the stockmarket to announce new measures designed to keep up the pressure on China.