European stocks fell Wednesday, tracking losses across global markets as oil prices fell and investors were filled with fresh uncertainty over a potential trade deal between the U.S. and China.
How are markets performing?
The Stoxx 600 SXXP, -0.50% fell 0.5% to 378.74, after a 0.9% gain on Tuesday.
In Germany, the DAX DAX, -0.45% fell 0.6% to 12,086.16, after a 1.3% climb Tuesday.
The U.K.’s FTSE 100 UKX, -0.75% dropped 0.7% to 7,340, on the heels of a 0.5% gain.
Elsewhere, France’s CAC 40 PX1, -0.68% fell 0.7%, nearly reversing a 0.8% gain Tuesday, while Italy’s FTSE MIB I945, -0.63% dropped 0.7%, from a 0.9% gain the prior session.
What’s moving the markets?
Renewed concerns over a U.S.-China trade deal damped enthusiasm for global equities after the Dow Jones Industrial Average DJIA, -0.05% broke a 6-session winning streak. Trade-deal optimism had been building ahead of a Group of 20 meeting at the end of the month, but U.S. President Donald Trump admitted Tuesday he was “holding up” a deal between the countries.
Oil was the biggest losing sector in Europe, as heavily weighed companies tracked sharp falls in U.S. CLQ19, -2.65% and Brent crude prices BRNQ19, -2.34% BRNQ19, -2.34% , down over 2% each. That was after a report showing higher U.S. inventories and ahead of a key government report on supplies data due later. Total SA FP, -1.75% fell nearly 2%, while BP PLC BP, +0.62% BP, -2.76%
As well, investors were watching unrest in Hong Kong where thousands of protesters surrounded government headquarters on Wednesday, forcing the delay of a legislative session to vote on a bill that would allow criminal suspects in Hong Kong to be sent
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