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US Markets Fall Because China Tension Escalating

US President Donald Trump is expected to hold a press conference Friday “on China” and markets are expecting a further soaring of the relation between the world’s foremost economic superpower.

France is set to enter the second phase of its coronavirus lockdown easing with restaurants, bars, and cafes to reopen for June 2.

Renault has launched talks with union over a mass restaurant of its French factory operation, which would manufacture cease at several plants as the carmaker looks to ax 15,000 jobs worldwide.

European markets retreated on Friday morning as escalating tension between the U.S and china push back on the week, positive sentiment amid the reopening of economies across the constraint.

The pen-European Stoxx600 fell 1.2% in early trade, auto stock dropping 2 7% to lead losses as sectors and major courses slid into negative territory.

US President Donald Trump is expected to hold a press conference Friday. “on China” and markets are expecting a further souring of the relation between the world’s foremost economic superpower.

The White House has been ratcheting up pressure on Beijing four weeks our blame for the coronavirus and, more recently, a new security law for Hong Kong that threatens the special administrative regions autonomy according to the secretary to state Mike Pompeo.

Asian markets depend on Friday after the Chinese National people Congress” passed the new security bill late on Tuesday, with Hong Kong’s Hang Seng index falling 0.7% to lead losses.

Tuesday’s announcement of Trump’s impending press conference caused will street to give up the days, gains in the last Hu our of trading, with all three major indexes closing lower for the first time in their days.

In Europe, France is set to enter the second phase of its coronavirus lockdown easing with restaurants, bars, and cafes to reopen from June 2. meanwhile in the UK, a group of six people from the different household will be allowed to meet in the garden as well as parks from Monday, provided household remain 2 meters apart.

European Union trade commissioner Phil Hogan told lawmakers Tuesday that the bloc is willing to move forward when Brexit negotiation with the U.K. resume nest week. and argent his British counterparts to do the same.

Incorporate news, Renault as launched take with the union over a mass restaurants of its French factory operation, which would see manufacturing cease at several plants as the carmaker looks to axe 15,000 jobs worldwide in the hope of surviving a plunge is sales

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