9/5/2018, 9:01 AM (Source: TeleTrader)
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Europe opens in the red as trade uncertainties continue

Major stock markets in Europe started the trading session with losses on Wednesday, as trade relations between the United States and the European Union, as well as Canada and China, are up for renegotiation. A report emerged that US Trade Representative Robert Lighthizer and European Commissioner for Trade Cecilia Malmstrom are scheduled to meet in Brussels on Monday to discuss a potential trade deal. The overhaul of the North American Free Trade Agreement (NAFTA) is to be negotiated further later in the day after Washington and Ottawa failed to reach an agreement last week. Another tranche of tariffs on $200 billion worth of Chinese goods could also be announced by US President Donald Trump as early as Thursday.

The FTSE 100 started today's session 0.33% in the red. Multinational miners Anglo American and BHP Billiton led the declines, going down 1.78% and 1.68%, respectively.

In Germany, the DAX went down 0.38%, with Bayer losing 3.51% following the release of earnings results in the second quarter.

The CAC 40 fell 0.39%. Steelmaker ArcelorMittal decreased by 1.12%, followed by STMicroelectronics' decline of 1.01%.

The euro lost x.11% against the US currency, to go for 1.15686 at 9:02 am CET, while the pound slid 0.12% compared to the American dollar to change hands for 1.2839 at the same time.

Baha Breaking News (BBN) / NI