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European Stocks Close Lower as US-China Deal Details Remain Vague

Monday, 14 October 2019 23:21 WIB Stoxx 600 Saham Eropa

European stocks closed lower Monday as traders tracked developments in a crucial week for Brexit, while details of the partial trade accord between the U.S. and China remained hazy. The pan-European Stoxx 600 closed was down around 0.5% at 389.69, with basic resources stocks shedding over 2% to lead losses as almost all sectors and major bourses traded in negative territory. The U.S. agreed to postpone an increase in tariffs from 25% to 30% on at least $250 billion of Chinese goods, which had been scheduled for Tuesday. President Donald Trump said that the first phase of a trade deal will be drawn up within the next three weeks, and will see China purchasing between $40 billion and $50...

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