Europe ends sharply lower as global trade worries persist

Thursday, 06. December 2018 17:31

Major stock markets in Europe closed with sharp losses on Thursday amid persisting global economic tensions. Earlier this week, United States President Donald Trump said he expects trade talks with Beijing to finalize within 90 days, unless the negotiations are extended. Meanwhile, the chief financial officer of Huawei was arrested earlier in Canada under suspicion she violated Washington's sanctions against Iran.

The FTSE 100 ended 3.58% in the negative territory. The DAX dropped 3.90% at market close with Daimler AG as the worst performer, closing 6.28% lower. The CAC 40 closed 3.71% in the red with Atos sinking 6.61%. The Eurostoxx 50 lost 3.69% at the closing bell.

The euro traded 0.02% higher against the dollar to sell for 1.1367 at 5:32 pm CET.

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