European shares began Wednesday’s session in the red amid worries over the U.S.-China trade war and a potential budget standoff between Italy and the EU.
The pan-European STOXX 600 fell 0.8% at the opening bell, technology stocks leading the losses with an early 1.3% fall as all sectors tumbled in the early minutes of trading.
Traders are taking a more cautious approach to risk assets, with the trade battle between Washington and Beijing proving to be a main point of anxiety for global markets.
Meanwhile, a Chinese official hinted Tuesday that Beijing could use its strength in rare earth minerals as leverage in its trade dispute with the U.S.
Source : CNBC