Europe opens mostly lower with trade in focus

Tuesday, 10. December 2019 09:00

European markets opened mostly lower on Tuesday with investors focused mainly on the United States-China trade negotiations but also the upcoming British elections. Investors were looking at the possibility of Beijing and Washington striking a partial trade accord before the next tariff deadline on Sunday. Meanwhile, US President Donald Trump repeated on Monday his claim that trade talks with China are going "well," while British Labour leader Jeremy Corbyn said on the same day he feels "very happy" and "very confident" as the election campaign nears its final days.

The FTSE 100 declined 0.10% at 9:01 am CET with Ashtead Group plc, whose shares dropped 6.13% at 9:22 am CET, as the worst performer. The DAX decreased by 0.36% at 9:01 am CET. Lufthansa led the losses as it plunged 1.51% at 9:23 am CET. The CAC 40 stood flat at the same time.

The euro was flat against the dollar to sell for 1.10695 at 9:02 am CET, as well as the pound that went for 1.31426 at the same time.

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