Stocks stutter as attention turns to trade deadline, c.bank meetings

Stocks stutter as attention turns to trade deadline, c.bank meetings

09 Dec 2019 02:56 PM
 

European stocks fell on Monday as worries about a Chinese economic slowdown and the U.S.-China trade war outweighed Friday's strong U.S. jobs data, in a quiet start to trading before several big events later in the week. The Federal Reserve meets on Wednesday and new European Central Bank chief Christine Lagarde holds her first policy meeting on Thursday, which will also see a parliamentary election in Britain, with the results due on Friday.

 However, at the forefront of most investors' minds is an impending Dec. 15 deadline for the United States to impose a new round of tariffs on China. On Friday that the deadline was still in place to impose a new round of  tariffs  on Chinese consumer goods, but President Donald Trump likes where trade talks with China are going. "If we see Donald Trump decide not to delay tariffs, that would lead to a risk-off reaction in markets,"

European shares slipped. The Euro STOXX 600 was down marginally, while the German DAX  dropped 0.1 percent. France's CAC 40 shed 0.2 percent and the FTSE 100 was flat. That followed small gains in Asia, where Japan's benchmark. Nikkei added 0.33 percent while MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.15 percent.