The European shares tumbled on today's opening trade, to extend their losses, which were temporarily suspended yesterday, to a four-week low, as investors relented the risks high-yielding assets, before the start of a new round of trade talks between the United States and China.
Stoxx Europe 600 fell more than 0.9% at 11:22 GMT, its lowest level since April 11, and the index ended yesterday's session up 0.2%, the first gain in the last three sessions, .
Stoxx Europe fell on Thursday morning, to come closer to its third loss in four sessions, hitting its lowest level in four weeks, with most of the major markets and sectors in the red zone.
Trump said on Wednesday that China had reneged on the deal reached in the negotiations with the United States, as he vowed not to back down on imposing new tariffs unless the Chinese government stops cheating.
The remarks came ahead of a new round of trade talks between US officials and a Chinese delegation led by Chinese Vice President Liu He, who is currently visiting the United States.
The two-day talks are scheduled to be held later today and will continue until Friday, with markets now focusing on how successful Chinese negotiators will be in persuading the White House to back down from next Friday's tariff increase, which may pave the way for a final comprehensive trade agreement.
S&P 500 futures fell more than 0.9%, hitting their lowest level in five weeks ahead of the opening of the official trading session on Wall Street, as the index ended yesterday's session down by 0.2%, its third daily loss in a row.
Euro Stoxx 50 fell more than 1.0%. In France, the CAC 40 index declined by 1.1%. with Germany's DAX falling by 0.7%. while In London the FTSE 100 lost more than 0.2%.