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6/12, 8:09 AM (Source: TeleTrader)
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Europe trades lower premarket

European equities traded in the red in premarket on Wednesday amid ongoing trade tensions. Earlier, United States President Donald Trump said that China wants to make a trade deal, but that he will not accept any deal that's bad for the US. "Tariffs are a great negotiating tool," he wrote on Twitter.

Markets in Asia traded lower as well after official Chinese inflation data revealed consumer prices were up 2.7% in May year over year.

The DAX was down 0.50%, the CAC 40 lost 0.45%, while the FTSE 100 fell 0.38%. The euro gained 0.09% against the dollar at 8:03 am CET, buying 1.1338, while the pound traded flat versus the greenback at the same time, going for 1.2723.

Breaking the News / JC