European stocks traded slightly lower Thursday as trade negotiations between the U.S. and China are understood to have hit a roadblock.
The pan-European Stoxx 600 edged 0.29% below the flatline to 404.70 , with autos slipping more than 1% to lead losses as most sectors and major bourses traded in negative territory.
Just one month after agreeing in principle on the so-called phase one of a trade deal, the world's two largest economies have reached a stalemate in negotiations.
The U.S. is seeking stronger concessions from China on intellectual property protections and a cessation of forced technology transfer in exchange for rolling back tariffs on Chinese goods, CNBC's Kayla Tausche reported Wednesday, citing sources familiar with the matter.
Source : CNBC