Britainīs bosses warn that Britainīs economy is weakening, as German prosecutors arrest boss of VWīs Audi divisionLatest: Audi boss arrested over emissions scandalMost senior exec detained since scandal brokeEarlier:BCC predicts weakest UK growth since 2009Brexit and trade war fears hit confidenceMarkets fall as US and China fall out 5.33pm BST Investors have been rattled by the escalation of the trade dispute between the US and China, pushing stock markets lower once more. On top of that come concerns about the political situation in Germany, with the issue of immigration putting pressure on the countryīs coalition government. But signs of optimism over the issue has seen markets come off their worst levels. The final scores showed: 4.17pm BST Joshua Mahony, market analyst at IG, said:Global markets have started the week on a weak footing, as trade fears continue to play the primary role in determining market sentiment. With both the US and China set to impose a raft of tariffs on 6 July, there is likely to be an increasingly unstable and anxious market environment as we progress towards that deadline....However, equally as important is the huge uncertainty we are seeing build in Germany, with Angela Merkel clashing with the leader of their coalition partner (CSU) over her stance on immigration. It is no doubt that immigration remains Merkelīs Achilles heel, and with the chancellor desperate to maintain a coalition to maintain her dominance over German politics, markets are understandably jittery at the thought of any political upheaval in the biggest economy in Europe. 3.36pm BST Markets are still in the red, amid US-China trade fears and worries about the political situation in Germany. Connor Campbell, financial analyst at Spreadex, said: Things got pretty ugly after the US open, the Dow Jones following in the footsteps of its Eurozone peers by posting some heavy losses. The Dow plunged 240 points as the session got underway, a sharp decline that took it ba ...
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