European stocks fall for third straight session on global trade concerns

European shares fell on Wednesday's trading to continue their losses for a third straight session, coming close to touching the four-week low recorded earlier yesterday as concerns about global trade continued after the renewed US-China trade dispute. and the unexpected decline in China exports in April.

 Stoxx Europe 600 shed more than 0.2% at 11:12 GMT, and the index ended lower by 1.4% yesterday, the second consecutive daily loss, and the biggest daily loss in three months, due to global trade concerns, and after the European Commission lowered its growth forecast for the European economy.

The index fell on Wednesday morning to continue its losses for a third straight session, approaching the four-week low as risk aversion continued, with most major markets and sectors in the negative region.

Despite reports of the Chinese Vice Premier Liu He visit to the United States on Thursday to complete trade talks with US officials on Thursday and Friday.

However, concerns remain about the possibility that the world's two largest economies will fail to resolve recent disputes and not reach a comprehensive trade deal.

United States Trade Representative, Robert Lighthizer, and Secretary of Treasury, Steven Mnuchin, said on Tuesday that China had moved away from the commitments made during trade negotiations.

A spokesman on behalf of the Chinese Foreign Ministry said that mutual respect was the basis for a trade deal, and the increase in tariffs could not resolve any differences.

In China, official government data showed that the country's exports fell by 2.7% in April, contrary to experts' forecasts of a 2.3% rise, and far worse than March's 14.2%.

S&P 500 futures fell by more than 0.7%, and the index ended yesterday's session on Wall Street down 1.65%, the second consecutive daily loss.

Euro Stoxx 50 index fell more than 0.2%, while in France, the CAC 40 index declined by 0.2%. with Germany's DAX index falling by 0.1%. and London's FTSE 100 lost more than 0.3%.