European stocks seen slightly lower amid weak Chinese data

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European stocks looked set to open slightly lower on Monday as weak Chinese export data highlighted the detrimental impact of its prolonged trade war with the U.S.

Chinese exports declined in November for the fourth consecutive month, falling 1.1% year-on-year compared to the 1% expansion anticipated by analysts in a Reuters poll.

Asian stocks edged slightly higher in afternoon trade, led by Japan on the back of strong economic data for the third quarter, while mainland Chinese shares hovered around the flatline., with the Dow Jones industrial average surging over 300 points following an extremely strong U.S. jobs report.

 

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