UK announces £24 million to support Egypt development sectors    US dollar falls to its lowest against EGP since February 2017    Egypt plans to issue green bonds before June-end: Finance Ministry    Egypt's Sisi launched initiatives in support of poor families: parliamentarian    Virus spreads to more Chinese cities, President Xi says containment is priority    Egypt concludes its 4th Group Psychotherapy Conference    Iran says it will quit global nuclear treaty if case goes to UN    Iraqi officials: Clashes in Baghdad kill 2, wound dozens    Erdogan says Somalia has invited Turkey to explore for oil in its seas: NTV    EU must consider ways to support Libya truce: Borrell    Tennis: Nadal begins Australian Open campaign against Dellien    Portfolio, capital inflows to MENA recorded $155 bln in 2016-2018: IMF    Oman name Ivankovic to replace Koeman as head coach    Klopp left wanting more but hails sensational Liverpool    Egypt's Sisi in London to participate in UK-Africa summit    Egypt's Industrial Development bank achieves profits of EGP 512m in 2019    46th Cairo Film Society Festival for Egyptian Cinema to kick off 25 January    Initiative for visually impaired Egyptians to receive art education    Google celebrates 106th birthday of Egyptian lawyer Moufida Abdel Rahman    Ramboll alliance close to winning consultantship for West Nile solar site    Shoukry in Libya talks on sidelines of Berlin conference    Berlin conference: world leaders agree to uphold Libya's arms embargo, end military support for warring factions    Egypt's Sisi extends state of emergency for 3 months    Egypt's Azhar cooperates with all religious institutions to achieve international peace : Sheikh Ahmed El-Tayyeb    Yemen's Hadi declares state of alert in army after Houthi attack    Madbouly chairs SCNW meeting on GERD's upcoming technical, legal discussions    Quaint little hole in the wall downtown selected by CNN as Egypt's best Molokhia    Two Egyptian artists to participate in site-responsive exhibition at Medina's Al-Ula, Saudi Arabia    Dozens wounded as security forces, protesters clash in Beirut    Harry, Meghan drop their royal titles repay £2.4 mln    International Film Music Contest accepts entries from a variety of composers, performers    Parliamentary elections to be held in November: Baha Abu Shoqa    No pressures imposed on Egypt to accept Washington's deal on GERD: Irrigation Ministry    Egypt's young pharaoh, TUT in Australia's Boston exhibition    Alexandria, Dekheila ports working normally despite medium rain    Egyptian actress Magda Al-Sabahi dies at 89    Egypt is best tourism destination for 2020 according to BBC    Egypt names executive head of comprehensive health insurance authority – ministry    Nancy Ajram's husband charged with ‘intentional' murder    Ethiopian Dam talks to continue in Washington on Wednesday : Ministry    Mission Africa continues    Egyptian sports in 2020: challenges and opportunities    Tough Mudder obstacle course race takes place for first time in Egypt    NBE studies establishment of rowing club in Cairo    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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European markets decline ahead of U.S.-China tariff deadline, UK election
Published in Amwal Al Ghad on 10 - 12 - 2019

European markets opened lower on Tuesday as doubts abound over whether the U.S. and China can strike a partial trade accord before the next tariff deadline on Sunday, December 15.
The pan-European Stoxx 600 dropped 0.3 percent at the opening bell, with basic resources shedding 1 percent to lead losses as all sectors except healthcare, which gained 0.4 percent, traded in negative territory.
A Chinese Commerce Ministry official said on Monday that Beijing hoped for a deal with Washington as soon as possible before the deadline, according to Reuters, while U.S. Agriculture Secretary Sonny Perdue said that U.S. President Donald Trump wants to see "movement" from China to avoid implementing the tariffs.
Asian stocks mostly declined on Tuesday afternoon as Chinese inflation data showed a surge in consumer prices in November, while Wall Street snapped a three-day winning streak Monday as the Dow fell 100 points.
Britain's political parties are heading into the home stretch of campaigning ahead of Thursday's landmark general election, which will be pivotal for Brexit and economic policy. Prime Minister Boris Johnson's Conservative Party remains favorite to win a majority of seats, but the opinion polls have narrowed in recent weeks.
In corporate news, Tesco shares jumped more than 5 percent on Monday after the U.K.'s biggest grocer revealed over the weekend that it is considering the sale of its Asian businesses.
On the data front, the ZEW economic sentiment index for the euro area in December is due at 10 a.m. London time. U.K. GDP figures are due at 9:30 a.m. London time along with industrial and manufacturing production data and construction orders.
Source: CNBC

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