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That would be a major escalation given the United States has already applied tariffs on $50 billion of exports from China. “As we head into a new week and month, trade concerns will remain front and center of investors’ minds, along with increasing concerns about stability in emerging markets, after the sharp declines seen in Argentina and Turkey’s currency last week,” said Michael Hewson, chief market analyst at CMC Markets. There was also bad news on the economic outlook with surveys showing manufacturing activity took a hit from weak orders in August, a sign firms are feeling the pinch from an intensifying global trade war that could derail global growth.

The surveys of purchasing managers showed mounting pressure spider-man ink action cufflinks on factories across Europe and Asia, with data later expected to show the United States is in the same grip, [nL3N1VP2ZY], “There are a few existential threats to the world and a broad based trade war is one,” said Marie Owens Thomsen, global head of economic research at Indosuez Wealth Management in Geneva, “We’re in a scary parallel to the 1920s and 1930s when there was piecemeal protectionism as we are seeing now.”..

Across emerging markets, turbulence continued. Turkey's lira led emerging currency losses after data showed inflation spiked to almost 18 percent in August, while the Indonesian rupiah fell IDR=ID to its lowest levels in 20 years. The Brazilian real weakened more than 1 percent against the U.S. dollar BRL=, while the Iranian rial was reported to have hit a record low against the U.S. currency. The lira, at the center of emerging market turmoil in recent weeks, fell 1 percent to 6.62 per dollar TRY=D3.

Central bank comments that the inflation outlook showed “significant risks” to price stability and that it would adjust its monetary stance at its upcoming meeting on Sept, 13 in line with this view helped contain the losses, “This morning’s inflation number was very high and the authorities still haven’t got a credible strategy to deal with that,” said Chris Scicluna, head of economic research at Daiwa Capital Markets, Turkish Finance Minister Berat Albayrak told spider-man ink action cufflinks Reuters that the central bank was independent of government and it would take all necessary steps to combat inflation..

Among major currencies, the British pound stood out as the big underperformer, hurt by comments by the European Union’s chief Brexit negotiator, Michel Barnier, that he was “strongly opposed” to British proposals on future trade ties after it leaves the EU. News that British manufacturers had their weakest month in over two years and export orders suffered a rare fall in August exacerbated sterling’s fall. The currency was last down 0.7 percent at $1.2874 GBP=D3 and weakened 0.8 percent against the euro EURGBP=D3 to 90.24 pence, helping lift London's blue-chip FTSE 0.95 percent.

For Reuters Live Markets blog on European and UK stock markets open a news window on Reuters Eikon by pressing F9 and type in ‘Live Markets’ in the search bar, Global trade concerns supported the U.S, dollar, The dollar index .DXY, which measures the greenback’s value against a basket of other major currencies, was flat spider-man ink action cufflinks at 95.13 after nearing its highest level since Aug, 27, But gains were muted - safe-haven currencies such as the Swiss franc CHF=EBS and the Japanese yen JPY=EBS were supported against higher-yielding rivals..

PARIS (Reuters) - Carrefour (CARR.PA), Europe’s largest retailer, said on Monday that the head of yogurt maker Danone (DANO.PA) will sit on a food advisory committee the supermarket group is setting up as it seeks to boost sales of organic products. Carrefour said in January it would revamp its food range and focus more on organic food as customers demand healthier products, under a global five-year plan to increase group sales and profits. “The group’s ambition is to lead the food transition .. This is a big challenge. We absolutely must prove our new positioning to the customer through very strong, precise and coherent actions,” CEO Alexandre Bompard told journalists on Monday.

The new food advisory committee will be led by Carrefour’s Group Secretary General Laurent Vallée, who in January was tasked to spearhead food transformation across the Carrefour group, It will include seven people from outside the group including a spider-man ink action cufflinks French chef, a farmer, a cancer researcher, as well as Danone CEO Emmanuel Faber, who has said he wants the world’s biggest yogurt maker to play a central role in the revolution sweeping the global food industry, As more consumers, notably the “Millennial” generation, opt for healthier diets and a more socially responsible way of life, retailers as well as large consumer goods group such as Danone or rival Nestle (NESN.S), have been seeking to adapt..

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