7/18, 8:57 AM (Source: TeleTrader)
more TeleTrader news

European shares sink as Brexit, trade fears loom

European stocks fell in premarket trade on Wednesday on Brexit fears after Chief Brexit Negotiator Michel Barnier warned the United Kingdom that it may have to "face the consequences" of a no-deal Brexit. After the closing bell in the United States a day earlier, US President Donald Trump slammed the EU over its trade practices with the US, saying the EU is "tougher" than China on trade.

The DAX dropped 0.94% at 8:56 am CET while the CAC 40 lost 0.54% at the same time and the FTSE 100 was down 0.36%.

The euro was 0.12% higher against the dollar, changing hands at 1.12383 at 9:01 am CET. The pound was 0.06% in the green compared to the greenback, going for 1.24406 at 9:01 am CET.

Breaking the News / VP