Europe opens lower amid trade uncertainty

Wednesday, 13. November 2019 09:00

European markets kicked off trading on Wednesday in the red, led lower by financials after United States President Donald Trump failed to alleviate trade concerns.

Speaking in New York, Trump renewed his threat to increase tariff son Chinese goods "substantially" if there is no deal. Still, he stated the US and China are "close" to signing the phase one agreement on trade.

The DAX fell 0.30% with Deutsche Bank as the worst performer. Meanwhile, the CAC 40 lost 0.18% as Societe Generale sank over 1%. In London, the FTSE 100 dipped 0.48%; HSBC was among the weakest performers.

The euro declined 0.08% against the dollar at 9:10 am CET, buying 1.10027 as the British pound was down 0.08% versus the US currency, to go for 1.28416.

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Author:
Breaking the News / JC