European stocks fell on Wednesday, as concerns about the US-China trade talks were renwed after the recent statement by the US President Donald Trump.

President Donald Trump said yesterday in his speech at the New York City Economic Club, that China had cheated in the trade agreements with the US, and accused Beijing of unfair trade practices.

Trump accused China for taking advantage of the US economy ever since its entrance into the World Trade Organization in 2001, and blamed former US presidents for allowing that to happen.

Trump also renewed his attack on the Federal Reserve, as he said that cutting the interest rates at a very slow pace puts the US economy at a competitive disadvantage.

As for trading, Stocks Europe 600 index fell by 0.6% or 2.5 points to 404 as of 11:07 GMT, as it fell to 403.5 at the opening.

The British FTSE fell by 0.7% or 50 points to 7,315, while in France, the CAC 40 index fell by 0.5% or 31 points to 5,888, and the German DAX index fell by 0.8% or 105 points to 13,177.

The US dollar tilted higher against the Japanese yen today during the Asian session, after the release of key Japanese data, and ahead of similar economic data by the US economy, including the US Federal Reserve Governor Jerome Powell testimony before the Congress later today..

USD/JPY rose by 0.08% to 109.10 as of 06:07 GMT, after the pair opened at 109.11, with an intraday high of 109.11 and a low of 108.87.

The Japanese economy release PPI reading, a leading indicator of inflation, which grew by 1.1% vs. 0% in September, below forecasts of 1.2%, while the annual PPI reading showed the contraton narrowed to 0.4% from 1.1% in September, also lower than forecasts for 0.3%.

On the other hand, investors are awaiting the the release of the US inflation data with the CPI reading later today, with forecasts to grow by 0.3% vs. 0% in September, while the core CPI reading may rise by 0.2% vs. 0.1%, the y/y CPI reading is expected to rise by 1.7%, and the core y/y CPI reading may stabilize at 2.4%.

The US Federal Reserve Governor, Jerome Powell, will deliver the first half of his semi-annual testimony before the House of Representatives Financial Services Committee later today, and will followed by the Department of Treasury revealing the Federal budget balance reading for October.

Silver futures gained almost 1% during the Asian session today, to rebound in the second straight session from the lowest since August 13th, as the US dollar bounced off its highest level since October 15th, according to the inverse relation between them, ahead of key economic data releases by the US economy, amid the market pricing for the latest developments in the trade talks, and ahead of the US Federal Reserve Governor Jerome Powell testimony before the Congress later today.

Silver futures for December delivery rose by 0.75% to $16.85 an ounce, after opening at $16.72 an ounce, the futures gaped higher on the opening after closing yesterday at $16.69 an ounce, as the US dollar index fell by 0.02% to 98.31 points from the opening of 98.33.

Investors are awaiting the the release of the US inflation data with the CPI reading later today, with forecasts to grow by 0.3% vs. 0% in September, while the core CPI reading may rise by 0.2% vs. 0.1%, the y/y CPI reading is expected to rise by 1.7%, and the core y/y CPI reading may stabilize at 2.4%.

The US Federal Reserve Governor, Jerome Powell, will deliver the first half of his semi-annual testimony before the House of Representatives Financial Services Committee later today, and will followed by the Department of Treasury revealing the Federal budget balance reading for October.

President Donald Trump said yesterday in his speech at the New York City Economic Club, that Beijing had cheated in the trade agreements with Washington for the benefit of its economy at the expense of American workers, Trump also blamed the former US presidents for allowing China to do so, but noted that he expects the signing of the first phase of the trade deal to happen very soon, but didn't mention a specific date.

While last Saturday, President Trump said that the trade talks with China are moving "very nicely" and Beijing wants a trade deal "much more than me", which helped to renew hopes after the recent White House's statements that denied a complete rollback of the Chinese tariffs.

Gao Feng, spokesman for China's Ministry of Commerce, said Thursday that Beijing and Washington agreed to eliminate some tariffs based on each other's goods at the same time, and added that the "phase 1" of the trade deal between the two sides would be signed within the next few weeks.

A US official also confirmed the statements about eliminating the tariffs, but added that the removal plan faces opposition in the White House and from outside advisers, according to Reuters quoted sources, hours after several reports touched the delaying of the first phase of the US-China trade agreement to next month.

Bearing in mind that several reports also cited a delay for the upcoming meeting between the US president and his Chinese counterpart for signing the interim trade agreement to December, amid discussion between the two sides on the agreement terms and the meeting location, which is expected to be at the NATO summit early next month.

Gold futures tilted higher during the Asian session today, to rebound in the second straight session from the lowest since August 2nd, sas the US dollar bounced off its highest level since October 15th, according to the inverse relation between them, ahead of key economic data releases by the US economy, amid the market pricing for the latest developments in the trade talks, and ahead of the US Federal Reserve Governor Jerome Powell testimony before the Congress later today.

Gold futures for December delivery rose by 0.31% to $1,461.00 an ounce, after opening at $1,456.50 an ounce, the futures gaped higher on the opening after closing yesterday at $1,453.70 an ounce, as the US dollar index fell by 0.01% to 98.32 points from the opening of 98.33.

Investors are awaiting the the release of the US inflation data with the CPI reading later today, with forecasts to grow by 0.3% vs. 0% in September, while the core CPI reading may rise by 0.2% vs. 0.1%, the y/y CPI reading is expected to rise by 1.7%, and the core y/y CPI reading may stabilize at 2.4%.

The US Federal Reserve Governor, Jerome Powell, will deliver the first half of his semi-annual testimony before the House of Representatives Financial Services Committee later today, and will followed by the Department of Treasury revealing the Federal budget balance reading for October.

President Donald Trump said yesterday in his speech at the New York City Economic Club, that Beijing had cheated in the trade agreements with Washington for the benefit of its economy at the expense of American workers, Trump also blamed the former US presidents for allowing China to do so, but noted that he expects the signing of the first phase of the trade deal to happen very soon, but didn't mention a specific date.

While last Saturday, President Trump said that the trade talks with China are moving "very nicely" and Beijing wants a trade deal "much more than me", which helped to renew hopes after the recent White House's statements that denied a complete rollback of the Chinese tariffs.

Gao Feng, spokesman for China's Ministry of Commerce, said Thursday that Beijing and Washington agreed to eliminate some tariffs based on each other's goods at the same time, and added that the "phase 1" of the trade deal between the two sides would be signed within the next few weeks.

A US official also confirmed the statements about eliminating the tariffs, but added that the removal plan faces opposition in the White House and from outside advisers, according to Reuters quoted sources, hours after several reports touched the delaying of the first phase of the US-China trade agreement to next month.

Bearing in mind that several reports also cited a delay for the upcoming meeting between the US president and his Chinese counterpart for signing the interim trade agreement to December, amid discussion between the two sides on the agreement terms and the meeting location, which is expected to be at the NATO summit early next month.