Europe opens flat to lower in anticipation of trade deal

Tuesday, 14. January 2020 09:03

European stocks traded flat on Tuesday as tensions in the Middle East simmer down and investors await the signing of the phase one trade deal between the United States and China scheduled for Wednesday in Washington. In other news, the European Parliament will vote on the Brexit deal between the European Union and United Kingdom on January 29, two days before the Brexit deadline date. Last week, the British Parliament voted in favor of the deal, which formally known as the Withdrawal Agreement Bill.

The FTSE 100 traded flat at 9:00 am CET.

Frankfurt's DAX fell 0.12% at the same time. Fresenius's shares slid 2.51% at 9:25 am CET.

The CAC 40 lost 0.06% at 9:00 am CET as Danone dropped 1.52% at 9:25 am CET.

The euro was up 0.01% against the dollar to go for 1.11382 at 9:08 am CET, while the pound lost 0.19% against the greenback to sell for 1.29712 at the same time.

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Breaking the News / DD