Europe lower in premarket on trade worries

Monday, 11. November 2019 07:47

European stocks declined in premarket trading on Monday as concerns about the trade war between theUnited States and China persisted. China said last week that the two sides agreed to lift existing tariffs in phases but US President Donald Trump insisted he did not approve any tariff removal.

On the data front, investors are awaiting industrial production, GDP and trade balance figures from the United Kingdom due later in the day.

The FTSE 100 lost 0.17% premarket at 7:42 am CET, the DAX fell 0.33% at 7:43 am CET and the CAC 40 slid 0.39% at the same time. The euro was flat against the dollar, going for 1.10230 at 7:45 am CET and the pound added0.09% compared to the US currency to sell for 1.27946 at the same time.

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Breaking the News / NP