Beijing hits back after being branded a currency manipulator by Washington; yuan steadiesEuropean shares rise after strong German factory orders 10.12am BST The FTSE 100 has slipped into the red again, trading some 6 points lower at 7,217, after suffering its worst day this year yesterday when it slumped 2.47%. It is the sixth day of declines for Britain’s blue-chip index.To recap: China stepped up the trade war rhetoric today, accusing the US of “deliberately destroying international order” with “unilateralism and protectionism”.Today some in America are obsessed with American privilege to the point of destroying international rules and the international system … These Americans need to wake up!”The responsibility of big countries is to provide the world with stability and certainty while creating conditions and opportunities for the common development of all countries. Related: China accuses US of ‘deliberately destroying’ world order 9.43am BST Gold has hit a fresh six-year high, rising above $1,473 this morning, after Beijing hit back at Washington’s branding of the country as a currency manipulator.Asian stock markets were painted red overnight but shares in Europe have stabilised, no doubt helped by the strong factory orders data from Germany this morning. Germany’s Dax has risen 0.46%, France’s CAC is up 0.67%, Spain’s Ibex has edged 0.09% higher and Italy’s FTSE MiB is 0.25% ahead. Continue reading…
Source link : https://www.theguardian.com/business/blog/live/2019/aug/06/chinese-state-media-accuse-us-of-destroying-international-order-business-live
Author : Julia Kollewe
Publish date : 2019-08-06 09:13:08
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