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European Stocks Close Lower Amid Concerns Over US-China Trade Talks


Tuesday, 19 November 2019 23:44 WIB

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European markets ended lower to edge into negative territory on Tuesday afternoon, amid uncertainty and pessimism over the outcome of trade talks between the U.S. and China.

The pan-European Stoxx 600 closed 0.2% at 405.05 during afternoon trade, having earlier hit its highest since May 2015. Travel and leisure stocks jumped 0.6% to lead gains, as most sectors fell below the flatline.

The status of trade talks between economic superpowers China and the U.S. remains in focus for global investors. Beijing is pessimistic about the trade deal, one government source told CNBC’s Eunice Yoon on Monday. China is concerned after President Donald Trump said there would be no tariff rollback, which Beijing had thought both parties had agreed in principle, Yoon reported.

Source : CNBC


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