US president reiterated yesterday he will only sign trade deal with China if it’s good for his country. FMTNews Trump
LONDON: European shares retreated from four-year highs on Wednesday, as a highly anticipated speech by US President Donald Trump gave scant clues on the progress of a trade deal with China, and as anti-government protests in Hong Kong raged on, denting sentiment.Downbeat earnings from Dutch bank ABN Amro also hurt the banking sector, which fell 2.2%.Protesters hurled bricks onto roads lined with some of the world’s most expensive real estate and luxury flagship stores.
That hit trade-sensitive exporting sectors with mining stocks slipping 1.6%, while the lack of details on possible US tariffs on European carmakers weighed on auto stocks, which fell 1.8%. Germany’s auto-heavy benchmark index looked to post its biggest daily drop in a month. The pan-European STOXX 600 index fell 0.7% retreating from four-year highs hit on Tuesday.
Spanish stocks led losses among regional peers, down 1.4%, extending a slide after Socialists and far-left Unidas Podemos formed a new coalition on Tuesday.
Malaysia Latest News, Malaysia Headlines
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