European carmakers tumbled on Tuesday as US president Donald Trump’s broad tariffs against Canada, Mexico and China came into effect
Traders work on the floor of the New York Stock Exchange in the Financial District in New York City.
European stocks slumped as investors weighed the prospects of a global trade war after China and Canada quickly retaliated with tariffs of their own. U.S. futures signaled that the S&P 500 would open slightly lower, after it dropped 1.8% Monday, its worst day this year. I’m in my 70s and have €500,000 in savings. If I need to go into a nursing home, what happens if I run out of money?Ireland faces EU bill of up to €26bn if it misses climate targetsled the charge, falling by 4 per cent, 4.8 per cent and 2.5 per cent respectively. After a major slide last week on the back of a downsized earnings forecast,shares took another near 7 per cent tumble, closing the session at €10.46.
With fresh declines on Tuesday, the benchmark S&P 500 is down more than 6 per cent from its February 19th all-time closing high, and in negative territory for the year. The tech-heavy Nasdaq Composite was last down over 10 per cent from its mid December closing peak, on pace to show it has been in a correction for several months.
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