European Stocks
Publish Date : 2019/10/14 - 07:14

European stocks were opened slightly on Monday with weak data out of China and looking to set a slow Friday’s surge on back of a partial trade accord between US and China.

The FTSE 100 was seen around 4 points lower at 7,243, the DAX was set to slip around 44 points to 12,468 and France’s CAC 40 was expected to fall around 19 points to 5,646.

The U.S. agreed to postpone an increase in tariffs from 25% to 30% on at least $250 billion of Chinese goods, which had been scheduled for Tuesday. President Donald Trump said that the first phase of a trade deal will be drawn up within the next three weeks, and will see China purchasing between $40 billion and $50 billion of U.S. agricultural products.

Hence, hundreds of German companies have appealed for support from EU lawmakers as they struggle to mitigate the impacts of Brexit, the U.S.-China trade war and the broader global slowdown.

Source: CNBC

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