8/21/2018, 9:07 AM (Source: TeleTrader)
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Europe opens lower with US-China trade talks in focus

European equities opened in the red on Tuesday before turning mixed ahead of this week's continuation of trade negotiations between the United States and China. However, US President Donald Trump said earlier he does not "anticipate much" from the talks.

Meanwhile, the euro surpassed the $1.15 mark against the dollar following further comments from Trump. The US president Beijing of manipulating its currency by artificially lowering the price of yuan whenever the US slaps it with tariffs, before adding the European Union has been manipulating the euro as well. The euro gained 0.27% at 9:01 am CET, buying 1.15126.

The DAX was 0.08% below the flatline in the first moments of trading, but gained 0.23% at 9:16 am CET as Bayer and Adidas led it higher. In Paris, the CAC 40 was down 0.19% at the open with Vivendi leading the declines as it fell 0.82%. The FTSE 100 lost 0.14% at the start of trading but crossed over into positive territory as Persimmon and Fresnillo advanced 2.13% and 1.29%, respectively.

Breaking the News / JC