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5/16/2019, 9:16 AM (Source: TeleTrader)
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Europe lower in early trade amid trade developments

European equities were lower in early trade on Thursday as investors monitor trade developments. The administration of United States President Donald Trump reportedly decided to delay imposing tariffs on auto imports for up to six months.

Regarding the US-China trade dispute, the Chinese Foreign Ministry accused Washington of "abusing national power" in order to tarnish the reputation of companies coming from the country after Trump signed an executive order banning transactions "posing an unacceptable risk" in an apparent jab at Huawei.

The DAX fell 0.27% at 9:10 am CET with Deutsche Post leading the losses as it sank over 4%. In Paris, the CAC 40 lost 0.28% early in the session with STMicroelectronics as the worst performer. Meanwhile, the FTSE 100 slipped 0.30%; HSBC declined over 1%.

Breaking the News / JC