European Stocks Trim Losses as China Sees Potential for US Talks
The trading floor at the Frankfurt Stock Exchange.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
European equities closed modestly lower on Wednesday, as China’s signal that it could be open to trade talks allowed the market to pare earlier losses.
The Stoxx Europe 600 Index ended the session down 0.2%, snapping a two-day winning streak. However, it clawed back most of its earlier 1.4% slide, as Beijing signaled it would be willing to engage in trade talks if the Trump adminstration shows a more consistent position and reins in disparaging remarks by cabinet members. Tech was the biggest laggard after the US barred Nvidia Corp. from selling its H20 chip in China, a sign Washington is in no mood to tone down its trade battle with Beijing.