US film studio shares slip on Trump tariff threat

Shares in US film studios slid on Monday following a threat by US President Donald Trump to impose 100 percent tariffs on foreign-made productions.

Meanwhile oil prices slumped after OPEC+ countries announced an output hike despite oversupply concerns and growing fears that Trump’s trade war could weaken demand.

Globally, stock markets were mixed in holiday-thinned trading ahead of central bank decisions on interest rates later in the week.

On Wall Street, the Dow edged higher in midday trading…