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17/05/2019 – Market view: Markets open lower, Walmart, Falcon Oil & Gas, EasyJet, ICG
European stocks followed Asian stocks lower this morning after signals from China that they were to take a tougher line on trade with the US. Carmakers and retailers led the declines in Europe this morning. It seems that volatility from headlines on trade will continue up until the G20 meeting next month at least. Elsewhere, the pound was lower this morning as UK Prime Minister, Theresa May, agreed to set a timeline to quit. Oil has risen back above $63 (WTI) as concerns over global supplies outweigh trade fears. The US 10 year yield has fallen back below 2.40% and the German 10 year remains below –10bps.