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3/8/2019, 9:15 AM (Source: TeleTrader)
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Europe starts lower on trade uncertainty

Shares in Europe traded in the red shortly after the opening bell on Friday as traders digested the latest comments from US Ambassador to China Terry Branstad who denied that preparations were on the way for the summit between presidents of the US and China, Donald Trump and Xi Jinping, that is expected to bring the much needed resolution to the trade war between the two countries. Meanwhile, the European Central Bank yesterday decided to hold the benchmark interest rates at least through the end of the year and cut the growth forecast to 1.1% and 1.6% in 2019 and 2020, respectively.

The DAX lost 0.70% shortly after the open, as Continental AG descended 2.83%.

The CAC 40 dropped 0.73%, dragged down by Essilorluxottica's share dipping 3.91%.

The FTSE 100 declined 0.68% as Gvc Holdings led the losses by plummeting 11.77%.

The euro added 0.18% against the US dollar, to go for 1.1202 at 9:15 am CET.

Breaking the News / GG