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12/4/2018, 9:16 AM (Source: TeleTrader)
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European shares mostly lower as trade concerns remain

Major stock markets in Europe traded mostly with losses early in the session on Tuesday as concerns re-emerged over the trade negotiations between the United States and China. According to the agreement from the G20 summit, the two biggest economies in the world have 90 days to struck a comprehensive deal on trade, intellectual property, technology transfer and cybersecurity issues, which poses a concern for investors that it would be possible not to break the deadline. Meanwhile, the government in Paris is suspending the hike on fuel, according to AFP, as protests against the measure grew more violent.

The DAX slid 0.21% at 9:15 am CET. Automotives led the losses, with Continental and Volkswagen dropping 2.89% and 2.05%, respectively.

The FTSE 100 added 0.28% at the same time, with real estate company Rightmove climbing 2.88% to top the gainers list.The CAC 40 was 0.28% in the red. Car industry supplier Valeo dove 3.01%, followed by luxury firms Kering and LVMH.

The Euro Stoxx 50 lost 0.15% at 9:16 am CET.

The euro increased 0.41% against the dollar at 9:17 am CET, going for $1.13915, while the pound was up 0.31% against the greenback, changing hands for $1.2767.

Breaking the News / NI