European markets follow Asia decline

Business | 25 Jun 2019 6:34 pm

Major stock markets  fell today as traders looked ahead to a meeting between the American and Chinese presidents amid hopes for renewed trade talks.

Benchmarks in London, Frankfurt, Tokyo and Shanghai declined.

Traders looked ahead to a meeting between Presidents Donald Trump and Xi Jinping at this week’s Group of 20 meeting of major economies in Japan. Forecasters expect the leaders to reassure financial markets by agreeing to revive trade talks without committing to a timeline or other details.

London’s FTSE 100 lost 0.3 percent to 7,394.48 and Frankfurt’s DAX retreated by 0.1 percent to 12,262.24. France’s CAC-40 declined by 0.2 percent to 5,511.48.-AP

 

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