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European Markets Open Mixed; Trade War, Earnings in Focus


Wednesday, 6 November 2019 15:31 WIB

Eropa Stoxx600Saham EropaStoxx Europe 600Indeks Stoxx 600


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European markets opened mixed on Wednesday as investors continue to monitor U.S.-China relations and corporate earnings.

The pan-European Stoxx 600 hovered just below the flatline at 404.02 in early trade, with bank stocks bucking the trend to rise 0.8% as most sectors traded in the red, led by a fall of 0.6% for utilities.

China is reportedly pressing U.S. President Donald Trump to roll back tariffs the U.S. imposed in September before a "phase one" trade deal is signed between the world's two biggest economies.

UN economists warned in a report on Tuesday that the Sino-U.S. trade war was a "lose-lose" situation, costing China $35 billion in the first half of this year while U.S. consumers and companies bore the brunt of the most expensive tariffs.

Source : CNBC


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