European stocks breathe easier, but traders on alert

LONDON: European equities were a mixed bag on Tuesday but oil prices declined as fears of a Middle East conflict abated and investors turned their attention back to US-China trade issues.With few major developments in the crisis sparked by the killing of Qasem Soleimani last week, traders were able to focus on the global economic outlook and the US-China trade deal signing planned for Jan 15.

Gold slipped from six-and-a-half-year highs, but nonetheless ended the day in Europe with a slight gain of 0.3 per cent The trade gap - the difference between what the United States buys from and sells to international trading partners - fell by 8.2 per cent in November to US$43.1 billion, lower than economists had expected and the lowest since October 2016.

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