After a positive July for the stock markets, with new historical highs for the main American indices, a cold shower arrived on the first day of August. The major European stock exchanges left on the ground the gains accumulated in previous weeks due to escalating trade tensions between the US and China. The US President, Donald Trump, announced a further increase in tariffs on Chinese goods, causing widespread concern and uncertainty among investors worldwide. The ongoing trade war between the two economic giants is beginning to take its toll on the global economy.
