Markets rose after Trump said Monday that Beijing was ready to talk seriously about a worsening tariff war over trade and technology following two weekend phone calls. But investors were left guessing after a Chinese foreign ministry spokesman couldn't confirm any exchange took place.
In early trading, London's FTSE 100 gained 0.3% to 7,114.81 and Frankfurt's DAX fell 0.5% to 11,671.66. France's CAC 40 was off 5 points at 5,360.00. In Asia, the Shanghai Composite Index lost 0.3% to 2,893.76 and Tokyo's Nikkei 225 advanced 0.1% to 20,479.42. Hong Kong's Hang Seng retreated 0.2% to 25,615.48.
UBS, the world's largest wealth manager, recommended customers reduce their exposure to stocks, the first time the bank has done so since the depths of Europe's debt crisis in 2012.
France Dernières Nouvelles, France Actualités
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