The fact remains that we have averted the worst case scenario of a trade war. However, the backlash in Europe continues as lawmakers and industrial bodies are not happy with the deal struck by von der Leyen over the weekend. As mentioned on Monday, if Japanese stocks are going to lead by example, then European stocks will be vulnerable to further downside as well. The Nikkei once again closed down by 0.8% today in posting its third straight day of losses this week. As for the broader market mood though, all eyes are on Wall Street ahead of big tech earnings after the close tomorrow and on Thursday.
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