"Europe is very much exposed, being very cyclical, it's an open economy and its stock markets already reflect that", explained Emmanuel Cau, European equity strategist at Barclays. "It would appear that the reverse threat is now in place in the Personal Luxury Goods sector with fears of a sharp slowdown in China threatening to contaminate the entire sector starting in 2019. "Other companies under threat are the big German industrial powerhouses such as Siemens or BASF. "We're concerned about what's embedded in German industrials' share prices. "Ultimately it's hard to see China will be able or willing to offer enough to meet U.S. demands so things could get worse," said Royal London senior economist Melanie Baker.

Source: The Star November 30, 2018 07:07 UTC