Europe opens with losses as trade concerns persist

Monday, 11. November 2019 09:01

European markets opened in the red on Monday as investors feared the United States and China are not that close to resolving their ongoing trade dispute. US President Donald Trump insisted on Friday that he did not approve removing any China tariffs despite Beijing claiming the two sides agreed to gradually cancel duties on each other's products.

The FTSE 100 dipped 0.08% at 9:00 am CET with Prudential down 1.54% at 9:01 am CET.

The DAX fell 0.42% at 9:02 CET. Infineon led the losses as its shares declined 1.76% at 9:04 am CET.

The CAC 40 was down 0.27% at 9:00 am CET. The worst performer was ArcelorMittal, which dropped 2.53% at 9:01 am CET.

The euro added 0.04% compared to the dollar to go for 1.10258 at 9: 05 am CET and the pound gained 0.15% against the greenback to sell for 1.28030 at 9:04 am CET.

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Breaking the News / NP