European stocks fall as trade anxiety returns

2019-11-13 11:48:18 GMT (

European stocks fell on Wednesday, as concerns about the US-China trade talks were renwed after the recent statement by the US President Donald Trump.


President Donald Trump said yesterday in his speech at the New York City Economic Club, that China had cheated in the trade agreements with the US, and accused Beijing of unfair trade practices.


Trump accused China for taking advantage of the US economy ever since its entrance into the World Trade Organization in 2001, and blamed former US presidents for allowing that to happen.


Trump also renewed his attack on the Federal Reserve, as he said that cutting the interest rates at a very slow pace puts the US economy at a competitive disadvantage.


As for trading, Stocks Europe 600 index fell by 0.6% or 2.5 points to 404 as of 11:07 GMT, as it fell to 403.5 at the opening.


The British FTSE fell by 0.7% or 50 points to 7,315, while in France, the CAC 40 index fell by 0.5% or 31 points to 5,888, and the German DAX index fell by 0.8% or 105 points to 13,177.

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