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European markets open slightly lower on further tensions over US-China trade


Friday, 8 February 2019 15:26 WIB

Indeks Stoxx Europe 600Saham EropaStoxx Europe 600


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Stocks in Europe open below the flatline on Friday as trade fears returned.

The pan-European Stoxx 600 was down by 0.13 percent with most sectors in the red.

Reports on Thursday suggested that President Donald Trump is unlikely to meet Chinese leader Xi Jinping before March. As a result, investors are considering whether they will reach an agreement over trade before a self-imposed deadline of March 2. Failing to reach a compromise would mean additional tariffs on Chinese goods straight away.

Furthermore, fresh reports on Friday indicated that Trump could sign an order next week banning Chinese telecommunication equipment from U.S. wireless networks.

Across Europe, investors are monitoring further earnings. Hermes, L'Oreal, Aker Solutions and Skanska are set to publish their latest results Friday.

Source: CNBC


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