11/29/2019, 5:30 PM (Source: TeleTrader)
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Europe closes lower as trade remains in focus

European markets closed lower on Friday as sentiment surrounding global trade took a turn for the worse again.

Although the United States and China remain close to the signing of a phase one deal trade deal, new tensions between the two countries arose over the protests in Hong Kong. US President Donald Trump infuriated Beijing by signing into law a bill that backs the Hong Kong protesters.

The DAX fell 0.07% as Continental lead the losses. The CAC 40 lost 0.13% with TechipFMC as the worst performer. In London, which has been rocked by another apparent terrorist attack, the FTSE 100 dipped 0.94%. Tesco was the biggest loser in the index.

At 5:40 pm CET, the euro gained 0.10% against the dollar, buying 1.10199 as the pound advanced 0.20% versus the US currency to go for 1.29352.

Breaking the News / JC