European stocks close mixed as traders await US-China talks at G-20 summit

Thursday, 27 June 2019 23:05 WIB

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European stocks closed mixed Thursday as investors searched for signs on what to expect from the upcoming G-20 summit.

The pan-European Stoxx 600 closed provisionally barely above the flatline at 382.24 . Retail stocks bucked the trend to rise more than 2%, buoyed by a sharp gain in H&M shares, while the media sector led declines with a 0.7% fall.

The Chinese Ministry of Commerce maintained a firm stance against the U.S. during a weekly press conference Thursday, calling on Washington to cancel its pressure and sanction measures on Huawei and other Chinese companies.

The Wall Street Journal reported Thursday that President Xi will present the terms China expects the U.S. to meet in order to settle the trade war, including the lifting of its Huawei ban, a removal of all tariffs and the cessation of efforts to force China into buying more U.S. exports.

Source : CNBC


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