First place finance - European Market Review - 13th of August 2019

U.S announced that it postponed further tariffs on some Chines imports. this caused European stocks to go into recovery as investors and investors reacted to the news.

Henkel stock fell 7% after lowering its full-year forecast for sales and earnings on Tuesday. The German consumer goods firm blamed weaker performance at its beauty unit and falling industrial production.

Italy’s senate created a timetable for a vote of no confidence in its coalition government. The main party leaders met in the senate on Monday but failed to settle an agreement.

Matteo Salvini, deputy prime minister and leader of the anti-immigration Lega party.

The luxury brand names of Coach and Givenchy together with Versace apologized to China for producing T-shirts that were regarded to have undermined the country’s sovereignty. The issue came because of the design in violations to Beijing’s “One China” policy.