European stocks opened mixed on Tuesday as Chinese negotiators arrived in Washington ahead of the signing of a long-awaited preliminary trade deal with the U.S.
The pan-European Stoxx 600 edged 0.1% below the flatline at the start of trading, with chemicals stocks falling 0.7% to lead losses while construction and materials eked out 0.2% gains.
The U.S. Treasury Department on Monday dropped its designation of China as a currency manipulator, an apparent gesture of good will as a Chinese delegation led by Vice Premier Liu He arrived ahead of the signing of the partial trade accord. The deal comes after more than 18 months of tit-for-tat tariff hikes between the world’s two largest economies.
Source : CNBC