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Aug 29 (Reuters) - European stocks were slightly lower in
early trading on Thursday, as fears of a global recession and
the impact of a disorderly Brexit kept investors away from risky
assets.
Prime Minister Boris Johnson decided to suspend Britain's
parliament for more than a month before Brexit, a move that will
limit the time opponents have to derail a disorderly Brexit and
increases the chance that Johnson could face a vote of
no-confidence in his government. However, the fall in the pound helped Britain's FTSE 100
.FTSE rise 0.14% and outperform the pan-European STOXX 600
index .STOXX , which was flat by 0710 GMT.
Meanwhile, the Trump administration on Wednesday officially
stamped its extra 5% tariff on $300 billion in Chinese imports
and set collection dates of Sept. 1 and Dec. 15, the latest move
in a trade war between the two countries that has entered its
second year. British IT group Micro Focus MCRO.L slumped 24% after it
warned on profit, citing lower spending by clients.