No pressures imposed on Egypt to accept Washington's deal on GERD: Irrigation Ministry    Egypt's young pharaoh, TUT in Australia's Boston exhibition    Dozens injured as security forces clash with protesters in Beirut    Al-Sisi, WB delegation discuss recent developments on GERD's negotiations    Al-Sisi heads to Berlin for Libya's peace talks    EGAS cuts gas exports to Jordan to 140 scf/day    Iran to send flight recorders from downed jet to Ukraine    Nine arrested for smuggling foreign currencies: ACA    Alexandria, Dekheila ports working normally despite medium rain    EgyptAir receives eighth A220-300 plane    Apple reveals worldwide national security requests for customer data    Europe stocks in green as China's GDP grows as expected; Stoxx 600 hit records high    Live score: Brighton & Hove Albion v Aston Villa (English Premier League)    Inter Milan sign wing-back Ashley Young from United    Bale, Ramos ruled out for Real Madrid's clash against Sevilla, Benzema returns    Floods, road closures in Australia as storms lash some bushfire-hit regions    Egypt's tycoon Nassef Sawiris is Africa's second richest person    Egypt's expected to see 5.8% 2020 GDP growth: UN report    Al-Hariri condemns Al Hamra attacks, amid protesters smashing central bank    Egypt's interior ministry says Mostafa Kassem received fair trial, was convicted terrorist    France, US request to join East Mediterranean Gas Forum    Art Alert: Bibliotheca Alexandrina to screen Oscar Shorts and star-studded films from Arab world    Screenwriter and producer Mohamed Hefzy's 'Ras El-Sana' to hit Egyptian cinemas in February    Egyptian actress Magda Al-Sabahi dies at 89    China, U.S. sign initial trade pact but doubts and tariffs linger    Egypt is best tourism destination for 2020 according to BBC    Washington meeting on GERD continues for third day    Egypt will not allow Anadolu's continuous ‘support of terrorism': senior official    Government launches Upper Egypt's first cultural festival    GERD filling will consider Blue Nile hydrological conditions, potential impact on downstream reservoirs: Egypt, Ethiopia, Sudan, US and WB    Egypt names executive head of comprehensive health insurance authority – ministry    New study finds Ocean acidification does not affect behaviour of coral reef fish    Nancy Ajram's husband charged with ‘intentional' murder    6th of October Rotary club trains undergrads for teaching literacy workshops    BBC names Egypt as best tourism destination for 2020    WHO says new China coronavirus could spread, warns hospitals worldwide    Brain freeze: Russian firm offers path to immortality for a fee    Ethiopian Dam talks to continue in Washington on Wednesday : Ministry    Inconclusive GERD negotiations    Mission Africa continues    NBE studies establishment of rowing club in Cairo    Egyptian sports in 2020: challenges and opportunities    Tough Mudder obstacle course race takes place for first time in Egypt    Egypt approves Uber's acquisition of Careem with set conditions    Egypt's Zamalek, Smouha presidents hit with disciplinary sanctions by EFA    Egypt's President Sisi pardons some prisoners on 25 Jan. Revolution anniversary    Egypt's Sami Anan released after near two-year detention    Liverpool's Mohamed Salah optimistic to see Egypt at 2022 World Cup    

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Markets in Europe to open lower amid weak Chinese data
Published in Amwal Al Ghad on 09 - 12 - 2019

Markets in Europe looked set to open slightly lower on Monday as weak Chinese export data highlighted the detrimental impact of its prolonged trade war with the U.S.
Britain's FTSE 100 was seen around 21 points lower at 7,219, Germany's DAX was expected to edge around a single point lower to 13,165 and France's CAC 40 was set to slip around 8 points to 5,864, according to IG data.
Chinese exports declined in November for the fourth consecutive month, falling 1.1 percent year-on-year compared to the 1 percent expansion anticipated by analysts in a Reuters poll.
Beijing's trade discussions with Washington have yet to yield a much-touted phase one agreement ahead of a key deadline for additional tariffs on Chinese exports to the U.S. on December 15.
Asian stocks edged slightly higher in afternoon trade, led by Japan on the back of strong economic data for the third quarter, while mainland Chinese shares hovered around the flatline.
Global stocks took a strong handover from Wall Street on Friday, with the Dow Jones industrial average surging over 300 points following an extremely strong U.S. jobs report.
This promises to be a pivotal week with U.K. voters heading to the polls on Thursday. Prime Minister Boris Johnson over the weekend pledged to reduce immigration in a transformative Brexit, in a last appeal to the electorate as his lead in the polls over the main opposition Labour party has narrowed of late.
Meanwhile, French Finance Minister Bruno Le Maire has said France is ready to take threats from U.S. President Donald Trump to impose tariffs on French goods to the World Trade Organization (WTO), amid a row over French taxes on American internet giants.
Investors will also have an eye on German import and export data, due for publication before the European opening bell on Monday.
Source: CNBC

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