Europe Markets Close Lower After Report Suggests Trade Pessimism in Beijing

Monday, 18 November 2019 23:44 WIB

Stoxx 600Saham Eropa


European stocks turned negative on Monday after a Chinese government source told CNBC that the mood in Beijing over a trade deal is pessimistic.

The pan-European Stoxx 600 slipped 0.3% at 405.31 lower during afternoon trade, with the China-exposed autos sector tumbling 2.5% while utilities bucked the trend to add 0.8%.

Sentiment turned cautious after CNBC’s Eunice Yoon reported that a Chinese government source had said Beijing was troubled by U.S. President’s Donald Trump’s reluctance to roll back tariffs, and may now wait to progress with a deal due to ongoing impeachment hearings and next year’s U.S. election.

Source : CNBC


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