5/29, 9:00 AM (Source: TeleTrader)
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Europe opens lower as US-China tensions escalate

European stock markets kicked off lower on Friday as investors are waiting for the United States President Donald Trump to hold a press conference on China - Hong Kong dispute. Meanwhile, France reported a fall in its GDP by 5.3% while turnover in Germany's retail trade in real terms fell 5.3% in April.

The DAX tumbled 1.09% or 131 points at the opening bell pulled by E.ON SE 4.46% decline. The FTSE 100 fell 0.79% as the session began with International Consolidated Airlines Group SA plunging 4.42%. The CAC 40 dropped 0.89% to start the day. Peugeot led the losses, diminishing 3.20%.

The euro grew 0.29% against the dollar to sell for $1.11094 at 9:02 am CET, while the pound concurrently increased by 0.23% to go for $1.23489.

Breaking the News / TF