European stocks close lower after report of delay to US-China tariffs
Wednesday, 11 December 2019 00:12 WIB | MARKET UPDATE |

European stocks ended the session lower on Tuesday after a report that the U.S. will delay implementing the additional tariffs on Chinese goods scheduled for December 15.

The pan-European Stoxx 600 was 0.26% to 405.34 lower to at the closing bell, with telecoms stocks leading losses on a decline of 0.8%.

The Wall Street Journal reported on Tuesday that U.S. negotiators had asked Chinese officials to commit to some up front agricultural purchases, while Beijing wants those purchases to be proportional to rollbacks of existing U.S. tariffs.

Source: CNBC

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