Europe markets close lower as trade war threatens to become tech war; Brexit tensions rise

Wednesday, 22 May 2019 23:13 WIB

Stoxx 600Indeks Stoxx Europe 600SahamEropa


European markets traded lower Wednesday as investors monitored the increasing involvement of technology giants in the U.S.-China trade war.

The pan-European STOXX 600 closed down 0.15% to 379.19, banks showing a 1.45% drop while technology stocks led gains, rising 1.24%.

U.K. stocks traded 0.21% above the flat line, supported by a slide in the Brexit-affected pound. At the time of the closing bell, sterling fell below $1.263 at one stage during the afternoon.

Investors will be monitoring trade developments between the world's two largest economies, after a reprieve from the U.S. temporarily backing off its blacklisting of Chinese telecommunications giant Huawei caused European markets to rebound slightly Tuesday.

Source : CNBC


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