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RPT-Stocks weaken, yuan falls after Trump says no trade deal deadline

Published 12/03/2019, 06:36 PM
Updated 12/03/2019, 06:40 PM
© Reuters. RPT-Stocks weaken, yuan falls after Trump says no trade deal deadline
FCHI
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ESZ24
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DE10YT=RR
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STOXX
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(Repeats to additional subscribers, no changes to text)
LONDON, Dec 3 (Reuters) - European stocks fell into the red
and the Chinese offshore yuan skidded to a near five-week low on
Tuesday after U.S. President Donald Trump said he had no
deadline for reaching a trade agreement with China, adding it
could come after the 2020 U.S. election. The pan-European STOXX 600 .STOXX index turned negative
and was down 0.2%, weighed down by export-heavy mining stocks.
Paris' CAC 40 .FCHI was among the top drags with the index
sliding 0.5% to more than one-month lows.
U.S. stock futures were down 0.3% as of 1026 GMT ESc1 .
The dollar rallied against the Chinese offshore yuan to its
strongest since Oct. 30 and was last up 0.4% at 7.068 yuan
CNH=EBS . Safe-haven currencies the Japanese yen and Swiss
franc also made gains JPY=EBS EURCHF=EBS .
European government bond yields retraced some of their
overnight rises, with 10-year German bond yields down 2 bps at
-0.299% DE10YT=RR .
In early European trading, ten-year German bond yields had
hit a three week high of -0.26 percent.

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