European stocks open mixed as investors take profits into holidays

Monday, 23 December 2019 15:23 WIB

Stoxx 600Indeks Stoxx Europe 600SahamEropa


European stocks opened mixed on Monday as investors sought to take profits into the holiday season following a sustained rally earlier in the month.

The pan-European Stoxx 600 hovered just below the flatline in early trade, with bank stocks falling 0.6% to lead losses while tech and healthcare shares each advanced 0.2%.

Investors worldwide have received a festive boost after the agreement of a phase one trade deal between the U.S. and China, and Beijing's finance ministry said on Monday that it plans to lower import tariffs on some U.S. products from January 1.

Back in Europe, Lufthansa cabin crew workers have threatened to strike during the holiday season following a breakdown in arbitration talks between the German carrier and cabin crew union UFO.

Meanwhile, the Italian industry minister said on Sunday that Chinese telecommunications giant Huawei should be allowed to play a part in Italy's future 5G network.

Source : CNBC


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