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London leads European markets lower as investors play waiting game

Published 08/27/2019, 03:27 PM
Updated 08/27/2019, 03:30 PM
London leads European markets lower as investors play waiting game
UK100
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IT40
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BATS
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HSBA
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AZN
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STOXX
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(For a live blog on European stocks, type LIVE/ in an Eikon
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Aug 27 (Reuters) - London-listed stocks pushed European
shares lower in early dealings on Tuesday, but signs of easing
trade tensions between U.S. and China limited market losses.
U.S. President Donald Trump on Monday predicted a trade deal
with China after positive gestures by Beijing, calming nerves
after a ramp-up in the rhetoric derailed financial markets last
week. London's FTSE 100 index .FTSE slipped 0.4%, as investors
returned from a bank holiday weekend, and the pan-European STOXX
600 index .STOXX was down 0.22% by 0710 GMT.
British stocks - HSBC Holdings Plc HSBA.L , British
American Tobacco BATS.L and AstraZeneca AZN.L - fell between
0.3% and 1.3%, and were the biggest drags on the STOXX 600.
An outlier was Milan's FTSE MIB .FTMIB , which rose 0.04%,
as the ruling 5-Star Movement and the opposition Democratic
Party appeared on the verge of a deal to form a new Italian
government on Monday. The two parties will meet on Tuesday at 0900 GMT to continue
negotiations.

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