EUROPEAN SHARES INCH LOWER DUE TO TRADE PACT UNCERTAINTY
European shares began its session with weak footing last Friday compromising its performance throughout the week. This followed after US-China trade pact uncertainty left investors doubtful over the possibility of the said trade pact signing.
The pan-European STOXX 600 index suffered with 0.4% at 0807 GMT but is expected to finish its fifth straight week in the black.
Miners, the most exposed to trade dispute and its impact to global economy, are the highest decliners with 1.3% fall. In line, telecoms and utilities managed to acquire minimal gains.
Equity markets from all around the world celebrated on Thursday over the news that the United States and China had agreed to pull out imposed tariffs on each other as part of the “phase one” of the US-China trade deal.
Optimism dimmed after reports that the trade pact signing scheme faced opposition in the White House.