European stocks decline premarket on trade worries

Thursday, 14. November 2019 07:49

European stocks declined in premarket trading on Thursday as hopes of the United States and China reaching a trade agreement faded after reports emerged the two sides hit the wall in talks over the purchase of US agricultural products by China.

Investors also kept an eye on corporate earnings and economic data with RWE and Henkel among companies which reported results before the bell. On the data front, market watchers awaited GDP figures from Germany and the Eurozone, as well as United Kingdom retail sales numbers.

The FTSE 100 lost 0.21% at 7:42 am CET, the CAC 40 decreased by 0.16% at 7:40 am CET and the DAX dipped 0.03% at 7:44 am CET. The euro was down 0.11% against the dollar to sell for 1.09960 at 7:48 am CET and the pound traded 0.15% lower compared to the greenback to go for 1.28334 at 7:49 am CET.

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Breaking the News / NP