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Global stock exchanges are under pressure from prepared by the US customs duties on European imports

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Global stocks are under pressure on Tuesday after the US President Donald Trump’s administration triggered procedure of imposing duties on European imports worth 11 billion USD. According to the authorities in Washington, the measure comes amid the subsidies for the aircraft manufacturer Airbus.

The markets are mostly into green, but the gains are seriously limited amid the possible US-EU trade war.

Asian markets recap

Most of the main stock indexes in the Asia-Pacific ended today’s trading session with increases amid the continuing oil price rises over a resurgent domestic political conflict in one of the key producers, Libya.

Chinese mainland index Shanghai Composite fell by 0.16% to 3,239.66 points, while the Hong Kong’s benchmark Hang Seng added 53.80 points, or 0.18%, to 30,130.95 points. The stocks of the tech giant Tencent rose by 0.58%.

In Japan, the blue-chip index Nikkei 225 rose by 40.94 points, or 0.19%, to 21,802.59 points. On Monday, Bank of Japan downgraded its estimate of three of the nine island regions because of the broad negative range of subdued demand beyond the ocean, which seriously affected Japan’s export and manufacturing industry. This is the biggest decline in the economic outlook for six years. Bank Governor Haruhiko Kuroda said the growth in the economy will continue to accelerate moderately with a steady increase in domestic demand, offsetting the weakness of exports.

Nikkei 225

The South Korean index Kospi advanced by 0.13% to 2,213.56 points. The shares of Samsung Electronics added 0.3% to their value, recovering from the decline from the early hours of the session on Tuesday.

In Australia, local S&P ASX 200 reported a minimum growth of 0.01% to 6,221.80 points.

Crown Resorts rose by more than 19% after it became clear that the Australian casino chain is negotiating with the Las Vegas-based Wynn Resorts for a potential 7.1 billion USD acquisition. The stocks of Australian oil companies also rose with Santos and Beach Energy added 3.01% and 3.96%, respectively.

European markets mid-session recap

European shares are under pressure on Tuesday amid Donald Trump’s threats to import duties on European imports worth 11 billion USD. The stocks started the session into the red, but later recovered and corrected the declines.

German index DAX 30 is trading with an increase of 3.15 points, or 0.03% to 11,966.53 points at 11:35 GMT. Bechtle AG dropped more than 2% and pulled the tech sector lower after Berenberg downgraded the German IT company’s stock to “hold”. Merck KGaA dipped on winning the backing of Versum’s board for a sweetened 6.5 billion USD takeover bid, overturning an agreed merger with rival Entegris as it bets on a recovery in electronic materials markets.

DAX index

French index CAC 40 is slightly up by 0.16% to 5,480.45 points at mid-session trading. Shares of planemaker Airbus dropped 2.5% after the US Trade Representative proposed tariffs on a list of European Union products including large commercial aircraft and parts. Washington is seeking to retaliate for more than 11 billion USD worth of EU subsidies to Airbus that the World Trade Organization has found cause “adverse effects” for the United States. Airbus suppliers such as Safran, Leonardo and Dassault lost between 0.7% and 1.2%.

British index FTSE 100 inched higher on mid-session trading on Tuesday. The index FTSE 100 is up by 0.06% to 7,456.48 points. Rolls Royce lost 1.1 percent after U.S. Trade Representative Robert Lighthizer proposed imposing tariffs on a list of EU products ranging from commercial aircraft and parts to dairy products and wine.

Wall Street pre-session recap

Wall Street index futures pointed to a slightly lower open as investors monitor the start of corporate earnings season this week.

At 07:00 a.m. ET, Dow futures were down 9 points, indicating a lower open of around 21 points. Futures for the Nasdaq and S&P 500 were also lower.

The Labor Department’s JOLTS report, which will be released on 10 a.m. ET tracks monthly changes in job openings. On the earnings front, Levi Strauss will be reporting its first results since its IPO (initial public offering).