12/30/2019, 9:02 AM (Source: TeleTrader)
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Europe opens lower to start the week

Stocks in Europe traded in the red shortly after the opening bell on Monday as investors looked for cues in trade.

The United States and China are, according to Beijing, in close touch trying to smooth out the final details before they sign the interim trade deal in January.

Meanwhile in the UK, Brexit is yet to be finalized, with the EU suggesting that a longer extension might be needed, even though Prime Minister Boris Johnson had made sure that Parliament won't be able to approve any further delay to the transition period.

The DAX declined by 0.28% at the open. MTU Aero Engines led the losses, sliding 0.89% at 9:01 am CET. The CAC 40 slipped 0.14% as the session started with Saint Gobain as the worst performer losing 0.89%. The FTSE 100 retreated 0.16% at the same time. Hikma Pharmaceuticals topped the list of worst-performing stocks, giving up 0.89% of the value.

The British pound added 0.32% on the dollar, going for 1.31178 at 9:01 am CET.

Baha Breaking News (BBN) / GG