European shares fall due to trade war and deal "Infineon"

Economy and stock exchange

European shares fell again on Monday after China sent a new warning to Washington on trade, raising fears of a recession, while pressed the deal of the German chip maker Infineon, to buy a similar American company, the technology sector.

The Stoxx 600 index of European shares fell 0.6 percent by 7:20 GMT, continuing losses on Friday and leading it to record the worst monthly performance this year. Germany's DAX, which is particularly affected by trade risks, fell 0.7 percent to its lowest level in two months.

Stock markets fell globally last May, with Stokes losing more than 6 percent after a series of new developments in US President Donald Trump's trade war with China and other countries that appear to have convinced some investors that a slide into recession is likely next year .

Recent data showed that factory activities in most Asian countries shrank during the past month, indicating that the tariff war is being undermined. In terms of merger and acquisition news, Infineon agreed to buy its US semiconductor company, Cebris, in a deal worth 9 billion euros, including debt, while Infineon lost 5 percent to the Stokes 600.

The technology sector, which is also heavily exposed to the issue of trade, lost 1.1%. ST Microelectronics and ASM International, the chip maker, lost more than 1% each.