European stocks fall for second straight session on US-China trade dispute concerns

European shares fell on Tuesday's trading, extending losses for the second consecutive session, coming close to touching a three-week low as investors remain risk averse on fears that the renewed US-China trade dispute could lead to a global recession.

Stoxx Europe 600 fell more than 0.7% at 10:59 GMT, as the index ended 0.9% lower yesterday, the biggest daily loss in a month and a half, due to renewed US-China trade dispute.

The Index fell Tuesday morning to continue its losses for a second straight session, approaching the three-week low, recorded earlier in the day, as risk aversion continued, with most major stock exchanges and sectors in the red zone.

US President Donald Trump pledged on Sunday to increase tariffs on China, renewing fears about a trade dispute between the world's two biggest economies, which could eventually lead to a global recession.

US Trade Representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin said China had backtracked from commitments made during trade negotiations.

The Chinese Ministry of Commerce said Tuesday that Vice Premier Liu He will visit the United States on May 9 and 10 to complete negotiations with US government officials.

BMW shares fell more than 1% after the German automaker reported a 78% drop in first-quarter profit, weighed down by provisions and legal expenses.

Standard & Poor's 500 futures remained flat, with the index ending yesterday's session down 0.5%.

Euro Stoxx 50 index fell by 0.8%. with France's CAC 40 index falling by 0.8%. while In Germany, the DAX index fell by more than 0.6%, and In London, the FTSE 100 lost more than 1.0% to top the list of losing markets in Europe.