11/20/2019, 9:05 AM (Source: TeleTrader)
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Europe opens lower amid trade worries

Stocks on European markets traded lower at the opening bell on Wednesday with all eyes on trade talks between the United States and China. Earlier, US President Donald Trump threatened to impose additional tariffs if the trade deal falls through while Beijing slammed US Congress for passing a bill that supports Hong Kong protesters as the Chinese government described it as interference in China's domestic affairs.

Meanwhile, the election race in the United Kingdom heats up with Boris Johnson of the Conservative and Jeremy Corbyn of the Labour Party holding the first televised debate last evening, expressing different opinions on the country's divorce from the European Union.

The CAC 40 slipped 0.50% at the opening bell with Arcelormittal's 2% drop leading the losses, while the DAX decreased 0.61% at the same time with Wirecard sliding nearly 7%. The FTSE 100 lost 0.59% at the same time as Aviva plunged nearly 3%.

The euro lost 0.09% against the greenback to go for $1.10677 at 9:00 am CET.

Breaking the News / GA