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European markets shares fell lower on focus on trade deal

2019-11-08 08:30 am | Resource: News | No Views : 31

تراجع الاسهم الاوروبية  انخفاض وسط االتركيز على الصفقة التجارية

European markets began to trade on Friday after the United States said there were no plans so far to abolish tariffs on Chinese goods in the first phase of a trade deal between Washington and Beijing, despite assurances from China that tariffs would be phased out. Meanwhile, Germany announced an increase in its trade surplus in September.

Germany's trade surplus widened to 19.2 billion euros in September

Germany's seasonally adjusted foreign trade surplus reached 19.2 billion euros in September, according to interim data released by Destatis on Friday. In unadjusted terms, the trade surplus amounted to 21.1 billion euros. In September, exports amounted to 114.2 billion euros, an increase of 4.6 dollars year on year. Exports to the EU were 68.4 billion euros.

Meanwhile, imports rose 2.3% year-on-year to 93 billion euros, of which 53.6 billion euros were imported goods from the EU.

The data showed that the current account balance of payments showed a surplus of 25.5 billion euros compared to 18.9 billion euros in September 2018. Other indicators pointed to mixed expectations for German exports. Factory orders data released earlier this week showed that overseas demand rose 1.1 percent month-on-month in September.

European stock openings
  • The DAX opened 0.31% in the red at 9:02 CET as the Allianz fell 1.9% following the latest earnings report.
  • The FTSE 100 fell 0.29% at 09:06 CET, as miners were among the biggest losers in the index.
  • The CAC 40 fell 0.43% at 9 am CET, with TechnipFMC Oil & Gas down 2.30% at 9:30 am CET.

The euro rose 0.07% against the dollar and traded at 1.10543 at 9:06 CET.

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