Europe closes mostly lower amid trade uncertainty

Tuesday, 10. December 2019 17:31

European markets managed to recover some losses to finish Tuesday's session mostly lower as the global trade uncertainty continued. White House economic adviser Larry Kudlow asserted that the December 15 tariffs on Chinese goods are "still on the table," despite the previous report saying that tariffs may be delayed. Meanwhile, the European Union is considering a tougher approach against tech giants in order to ensure competitiveness within the bloc.

On the data front, the United Kingdom's trade deficit widened by £2.3 billion in October while its GDP remained flat in the quarter to October of fiscal 2019, according to Office for National Statistics.

The DAX lost 0.31% at the closing bell with Wirecard AG plunging more than 4% while the CAC 40 gained 0.11% driven by Sanofi's rise of 6%. Meanwhile, the FTSE 100 decreased by 0.25% at the same time as Ashtead Group PLC dropped over 6%.

The euro traded 0.26% higher against the dollar, changing hands for 1.10941 at 5:30 pm CET.

Related Links: 
Author:
Breaking the News / GA