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European stock markets mixed as tensions over US-China tensions return
European stock markets closed mixed on Tuesday, October 14, after a reversal of the positive sentiment that had prevailed at the beginning of the week amid concerns about a renewed trade dispute between the United States and China.
The pan-European Stoxx 600 index fell 2.09 points, or 0.37%, to 564.54 at the end of trading.
The German DAX index closed down 150.99 points, or 0.62%, at 24,236.94, after hitting its lowest level in two weeks.
The British FTSE 100 index rose 9.90 points, or 0.10%, to close at 9,452.77.
The French CAC 40 index fell 14.64 points, or 0.18%, to close at 7,919.62.
Markets are in a state of tension after US President Donald Trump threatened China with a new wave of tariff increases to "financially retaliate" for its new export controls on rare earth minerals.
China controls about 70% of the global supply of rare earth minerals, which are essential materials for high-tech industries, including automobiles, defense, and semiconductors.
In a post on Truth Social on Sunday, Trump appeared to hint that he might not carry out his threat, declaring that trade relations with China "will be just fine."
