European stocks tick lower amid trade developments

2019-11-18 13:07:32 GMT (Economies.com)
European stocks tick lower amid trade developments

European stocks fell on morning sessions on Monday, on a limited range on  profit taking after posting strong gains for six straight weeks, poised to rebound and rise further to 4-year highs amid the positive news about the US-China trade talks.

 

Stoxx Europe 600 fell by 0.1% as of 11:14 GMT, while it closed higher by 0.4% on Friday, lifted by positive remarks by the White House economic adviser on trade talks. 

 

During last week, the index gained 0.5%, to post its sixth straight weekly gain, following record gains by US stocks on Wall Street and news reports that the US intends to delay its tariffs on European cars.

 

The index opened today's session lower, on a limited range of profit taking, with most of the major European exchanges and sectors falling today.

 

The US Commerce Secretary, Wilbur Ross, said during an interview on Fox Business on Friday that chances are high for the US to reach a final agreement on the first phase of the trade deal with China.

 

The Chinese state owned news agency "Xinhua" revealed on Saturday morning that the Chinese Vice Premier Liu He made a phone call with the US Treasury Secretary Steven Mnuchin and the US Trade Representative Robert Lighthizer .

 

The agency added that both sides had constructive discussion about  their fundamental concerns, and agreed to keep in close contact, but didn't reveal more.

 

S&P 500 futures rose by 0.1% today, to hit its all-time high ahead of Wall Street opening, wile it closed higher by 0.8% on Friday, its third straight daily gain and posted record high at 3,120.46 points.

 

Back to Europe, the Euro Stoxx 50 index fell by 0.2%, the German DAX fell by 0.2%, and France's CAC 40 fell by 0.25%, while in London, the FTSE 100 gone to the opposite direction and rose by 0.1%

 
 
 
  Symbol Last Change Chg.%
1.1137
0.0075
0.6739%
1.3175
0.0038
0.2885%
Tadawul
8005.77
-127.95
1.57%
16.898
0.326
1.964%
59.045
-0.065
0.110%
64.19
0.47
0.74%
1476.975
17.130
1.173%
 
 
US
 
Europe
 
Asia