(From AP News)
Global stock markets mostly fell Wednesday after the surprise departure of President Donald Trump’s top economic adviser, who was the administration’s leading internal opponent of his planned tariffs on imports of steel and aluminum.
KEEPING SCORE: Britain’s FTSE 100 was flat at 7,150 while France’s CAC 40 fell 0.1 percent to 5,164 and Germany’s DAX edged up 0.4 percent to 12,164. Wall Street was expected to slide on the open, with Dow futures down 1.1 percent and S&P futures 0.8 percent lower.
TRADE: Gary Cohn, the director of the National Economic Council, announced his departure in a blow to Republicans and business groups who were hoping Trump might heed their concerns about his tariffs plan. Trump has been resisting calls to reverse his stance and has said he will impose tariffs in coming days. The European Union, meanwhile, said it was finalizing a list of U.S. products that it could hit with tariffs in retaliation, should that be required.