Trump's travel ban weighs on global stock markets

A woman eats a soft serve ice cream cone while walking by an electronic stock board of a securities firm in Tokyo, Monday, Jan. 30, 2017. Shares fell in Japan and Australia on uncertainty over the potential impact of U.S. President Donald Trump's travel ban on seven Muslim-majority countries and other immigration actions. (AP Photo/Koji Sasahara)
A man looks at an electronic stock board of a securities firm in Tokyo, Monday, Jan. 30, 2017. Shares fell in Japan and Australia on uncertainty over the potential impact of U.S. President Donald Trump's travel ban on seven Muslim-majority countries and other immigration actions. (AP Photo/Koji Sasahara)
People stand in front of an electronic stock board of a securities firm in Tokyo, Monday, Jan. 30, 2017. Shares fell in Japan on uncertainty over the potential impact of U.S. President Donald Trump's travel ban on seven Muslim-majority countries and other immigration actions. (AP Photo/Koji Sasahara)
A woman walks by an electronic stock board of a securities firm in Tokyo, Monday, Jan. 30, 2017. Japan's Nikkei 225 index, top in center, fell on uncertainty over the potential impact of U.S. President Donald Trump's travel ban on seven Muslim-majority countries and other immigration actions. (AP Photo/Koji Sasahara)

LONDON — Global stock markets fell Monday after President Donald Trump's decision to impose a travel ban on seven Muslim-majority countries. Investors are wary of what the move presages for global trade, not least because there is so much disagreement around the world over the move.

KEEPING SCORE: In Europe, Germany's DAX fell 0.8 percent to 11,725 while the CAC 40 in France shed 0.9 percent to 4,798. Britain's FTSE 100 was 0.7 percent lower at 7,132. U.S. stocks were poised for a lower open too, with Dow futures and the broader S&P 500 futures down 0.3 percent.

TRUMP TRAVEL BAN: The executive order signed by Trump on Friday placed a 90-day ban on travel to the U.S. by citizens of Iraq, Syria, Iran, Sudan, Libya, Somalia or Yemen. It imposed a 120-day suspension of the U.S. refugee program and blocked Syrians from entry indefinitely. The move triggered protests and confusion at U.S. airports and raised uncertainty about specific industries as well as triggering wider concerns over global trade.

ANALYST VIEWPOINT: "He's sticking to his pledges, adding to concerns that he goes all in and pins chunky import tariffs on China — and elsewhere — to encourage Americans to buy domestic," said Mike van Dulken, head of research at Accendo Markets.

ASIA'S DAY: Japan's Nikkei 225 index fell 0.5 percent to 19,368.85. The S&P ASX 200 in Australia dropped 0.9 percent to 5,661.50 and India's Sensex edged 0.1 percent lower to 27,849.92.

ENERGY: Benchmark U.S. crude rose 13 cents to $53.30 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, which is used to price international oils, was up 3 cents to $55.73 a barrel.

CURRENCIES: The euro was 0.6 percent lower at $1.0640 while the dollar fell 0.3 percent to 114.72 yen.

You may also interested in

Pakistan 266-4 in 1st test, trails Sri Lanka by 153 runs

Sep 30, 2017

Pakistan trails Sri Lanka by 153 runs in an evenly balanced first test after reaching stumps on the third day at 266-4 in its first innings

Spain already is another country for many in Catalonia

Sep 10, 2017

Thousands of Catalans seeking independence from Spain already feel like residents of another country

4 dead as fighting continues in southern Philippine city

Oct 18, 2017

Philippine troops killed four Islamic State group-linked militants in a clash and occasional blasts thundered across Marawi on Wednesday after the president declared the southern city liberated from "terrorist influence"

People also read these

Pakistan 266-4 in 1st test, trails Sri Lanka by 153 runs

Sep 30, 2017

Pakistan trails Sri Lanka by 153 runs in an evenly balanced first test after reaching stumps on the third day at 266-4 in its first innings

Spain already is another country for many in Catalonia

Sep 10, 2017

Thousands of Catalans seeking independence from Spain already feel like residents of another country

4 dead as fighting continues in southern Philippine city

Oct 18, 2017

Philippine troops killed four Islamic State group-linked militants in a clash and occasional blasts thundered across Marawi on Wednesday after the president declared the southern city liberated from "terrorist influence"

Weather, 20 December
Houston Weather
+7

High: +11° Low: -2°

Humidity: 83%

Wind: NNE - 7 KPH

Canberra Weather
+27

High: +27° Low: +17°

Humidity: 87%

Wind: W - 20 KPH

Roissy-en-France Weather
+6

High: +6° Low: -5°

Humidity: 87%

Wind: ENE - 7 KPH

Florence Weather
+9

High: +9° Low: +6°

Humidity: 97%

Wind: ENE - 17 KPH

Parga Weather
+7

High: +16° Low: +4°

Humidity: 100%

Wind: SE - 25 KPH