Benchmarks in London and Frankfurt advanced in early trading while markets in Shanghai, Tokyo and Hong Kong closed lower.
On Monday, the U.S. Treasury Department officially labeled Beijing a currency manipulator, a status that opens the way to possible additional sanctions.The U.S. move “will likely contribute to a hardening of positions” in trade talks, Martin Petch of Moody’s Investors Service said in a report. London’s FTSE 100 was 6 points higher at 7,230.28 in early trading and Germany’s DAX gained 0.5% to 11,715.11. France’s CAC 40 rose 0.7% to 5,277.67.
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