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Romain Fournier

Chief Editor
Having worked in the British, French and Swiss financial press, Romain is able to report on local and international issues, as comfortable in French as in the language of Shakespeare, Romain Fournier leads the editorial team at Marketscreener. Fine connoisseur of the English-speaking markets, Romain delivers an editorial every day on US and UK markets.

China US tensions spook UK investors

08/02/2022 | 04:20am EDT

Weak manufacturing figures in China fueled worries about a global slowdown, heightened by tensions between the US and China over Taiwan. The return of risk aversion pushed the FTSE 100 down 0.1% this morning.

The speaker of the US House of Representatives Nancy Pelosi is potentially due to visit Taiwan today, amid warnings from China that this would have consequences.

Among stocks, BP Plc jumped 3.3% after it posted its highest second quarter profit since 2008 of $8.45 billion, thanks to strong refining margins and oil trading.

Meanwhile, Travis Perkins dropped 7.5% after posting disappointing first-half results.

 

Things to read today:

Chinese fighter jets fly close to Taiwan ahead of Nancy Pelosi’s visit (Financial Times)

This Is How China Could Hit Back Over Pelosi’s Taiwan Visit (Bloomberg)


© MarketScreener.com 2022
Stocks mentioned in the article
ChangeLast1st jan.
BP PLC 1.25% 460.2 Delayed Quote.37.52%
TRAVIS PERKINS PLC -3.23% 802.2 Delayed Quote.-46.67%