Europe closes mixed amid trade concerns

Tuesday, 03. December 2019 17:30

European equities finished trading mixed on Tuesday on the news that the European Union seeks "immediate" negotiations with the United States regarding the French digital tax law. Economy and Finance Minister Bruno Le Maire said that the US tariffs would be "unacceptable" and stressed that the EU "would be ready to riposte" in case of "new American sanctions. Also, the Office of the US Trade Representative (USTR) suggested on Monday imposing tariffs on certain imports from France "with an approximate trade value of $2.4 billion."

Meanwhile, industrial producer prices in both the euro area and the whole European Union (EU28) rose 0.1% in October compared to the previous month.

The DAX grew 0.21% at the end of trading led by MTU Aero Engines that gained 3.59%. Meanwhile, the CAC 40 lost 1.03% as Airbus declined by 4.19%. In London, the FTSE 100 went down 1.75% at the close as Evraz PLC ORD plunged 7.42%.

The pound rose 0.40% versus the dollar, buying 1.2999 at 5:32 pm CET, while the euro stood flat against the US currency, selling for 1.10898 at the same time.

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