European stocks fall for first session in 4 on trade talk concerns

Economies.com
2019-10-08 11:11AM UTC

European stocks fell during morning trading today, the first drop in the last 4 days, on concerns about the upcoming US-China trade talks round scheduled this week, especially after the US blacklisted 28 Chinese companies and government agencies.

 

As of 10:42 GMT, Stoxx Europe 600 fell by 0.8%, as it closed yesterday higher by 0.7%, its third straight daily gain. 

 

The index fell today for first the first time in the last 4 days, as most of the European markets and sectors fell.

 

Hopes for the US-China trade talks ebbed after the US Commerce Department blacklisted 28 Chinese companies and government agencies over Beijing’s treatment of Uighur Muslims and other predominantly Muslim ethnic minorities.

 

On the other hand, the Chinese Vice Premier Liu He will meet with the US trade representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin on next Thursday and Friday in Washington.

 

Amid hopes for this latest round to see a significant progress to end the ongoing raging trade war between the world's two largest economies.

 

S&P 500 futures fell by more than 0.6%, after it closed lower by 0.45%  yesterday on Wall Street.

 

Euro Stoxx 50 fell by 0.9%, in France the CAC 40 index also fell by 0.85%, and Germany's DAX fell by 1.1%, while in London the FTSE 100 fell by 0.2%,

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