Stocks fall further after Trump’s China tariff threat

Australia shares fall most in 5 weeks on Trump's China tariff ...

World stocks pulled back further on Friday on grim U.S. economic data, mixed company results and President Donald Trump’s threat to impose new tariffs on China over the coronavirus crisis.

MSCI’s index of global stocks fell 0.5% after a tumble late Thursday broke a six-day winning streak for the index.

London-listed stocks fell as data showed the UK housing market was grinding to a halt, with the FTSE 100 down 2.2%, wiping out much of the strong gains earlier in the week.

British Airways operator IAG shed another 2.6% as details of its plans to cut staffing, including a quarter of its pilots, to weather the collapse in air travel caused by the coronavirus.

Trading volumes were thin with many European markets closed for a May 1 public holiday.

source: reuters

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