European Stocks Lower On Dampened Trade Hopes, Hong Kong Escalations
Monday, 11 November 2019 15:42 WIB | MARKET UPDATE |Saham EropaStoxx 600

European stocks traded lower Monday morning amid a dampening of optimism over U.S.-China trade, after U.S. President Donald Trump denied that he had agreed to roll back tariffs on Chinese goods.

The pan-European Stoxx 600 was down around 0.2% at 404.49 in early trade, with banks and basic resources shedding 1.2% and 1.5% respectively as most sectors and major bourses slid into the red. Healthcare stocks bucked the trend to gain 0.6%.

Hopes of trade progress rose on Thursday when China™s Commerce Ministry said Beijing and Washington had agreed to lift existing tariffs on one another™s goods, but Trump on Friday said he had not agreed to any rollbacks.

Source : CNBC


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