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12/9/2019, 9:03 AM (Source: TeleTrader)
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Europe opens lower as trade remains in focus

European stocks opened lower on Monday as investors focused on trade developments and digested weaker-than-expected Chinese exports figures. On the trade front, French Finance Minister Bruno Le Maire warned Paris will file a complaint against the United States with the World Trade Organization (WTO) if it goes ahead with threats to target $24 billion worth of French products with tariffs of up to 100%. Meanwhile, China's Commerce Ministry stressed it would like to reach a trade deal with the US as soon as possible.

The FTSE dipped 0.09% at 9:00 am CET. The worst performer was Berkeley Group, whose shares slid 1.58% at 9:02 am CET.

The DAX decreased by 0.13% at 9:03 am CET with Wirecard dropping 3.52% at 9:04 am CET.

The CAC 40 declined 0.11% at 9:00 am CET as Dassault Systemes lost 0.52% at 9:02 am CET.

The euro added 0.05% against the dollar to sell for 1.10647 at 9:04 am CET and the pound rose 0.16% compared to the US currency to go for 1.31620 at 9:05 am CET.

Breaking the News / NP