- FTSE 100 falls slightly
- Stoxx 600 0.1% lower
- Asian markets end day higher
On Monday, European stocks fell slightly on the back of thin market volumes around the world. Investors’ concerns continued to focus on trade talks between China and the U.S.
Broad market sentiment is still wavering around the outcome of the U.S.-China talks in Beijing last week, which are set to continue this week in Washington.
President Trump has outlined his aim of agreeing on a comprehensive pact by a deadline of March 2, although this may be extended to encompass even wider-ranging issues that have put the two biggest economies in the world at loggerheads.
Oanada’s Craig Erlam commented: “An extension looks the most likely outcome, with 90 days just not enough time to reach a comprehensive deal.”
“Trump has indicated that he could support an extension despite claiming to like tariffs during his press conference on Friday, something that will comfort investors at a time when global growth concerns are posing a significant risk for markets,” he explained.
The European benchmark Stoxx 600 dipped by 0.1% in the opening hour of this week’s trading, while Germany’s DAX index fell 0.22%. This was also affected by losses from companies that are important to the index, such as Volkswagen AG, Siemens AG and Adidas AG.
While the Brexit issue still shows no sign of progress, Britain’s FTSE 100 drifted into the red during early trading, falling by 0.32%. However, Sterling climbed to reach 1.2908 against the dollar.
In Asia, the broadest measure of regional share prices, the MSCI Asia ex-Japan index, actually traded higher by the end of the day, up 0.9%. In Japan, the Nikkei 225 gained 1.82% and closed at 21,281.85 points, which marked a two-month high.