Sino-Trade anxiety presses European shares down

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Nov. 20- European shares hit low point on Wednesday as trade-sensitive sectors suffered from US President Donald Trump’s latest statement of imposing higher tariffs on Chinese good if trade pact signing ambiguity continued.

Trade-dependent shares of Germany and France sunk down with 0.7% loss by 0819 GMT topping the decliner board among major regional indexes. In line, broader European STOXX 600 index plunged with 0.5% setback.

Trump’s recent statement of higher tariff imposition on Chinese goods if no progress was made, dragged European stocks benchmark down to its third consecutive lows. Moreover, the three negatively-ended sessions prevented Europe’s stocks from reaching its four-year peak.

British-based Kingfisher dropped with 7.7% shares placing at the bottom of STOXX 600. Such followed after inactivity and weak sales in the third quarter.

Another decliner was German payments company Wirecard with 5.6% loss as news auditor EY declined from signing off the Singapore audit of the firm for 2017 with involved anomalies.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
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