The London markets slipped after traders were shaken by President Trump’s threat over trade tariffs for China (Stefan Rousseau/PA)The London markets extended their losses as trading sentiment came under pressure after US President Donald Trump threatened China with tariffs. European traders were shaken as the US leader blamed China for the coronavirus pandemic, after revealing soaring job losses in the US. The FTSE 100 closed 138.15 points lower at 5,763.06p at the end of trading on Friday. David Madden, market analyst at CMC Markets UK, said: “Many European equity markets were closed today as it is May Day, but the FTSE 100 came under pressure. The price of oil drifted lower throughout the day as the US-China trade story chipped away at sentiment.

Source: Irish Independent May 01, 2020 16:41 UTC