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European stocks set for flat open as US-China talks hit stalemate

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European stocks were seen making a cautious open Thursday as trade negotiations between the U.S. and China are understood to have hit a roadblock.

Just one month after agreeing in principle on the so-called phase one of a trade deal, the world's two largest economiesThe U.S. is seeking stronger concessions from China on intellectual property protections and a cessation of forced technology transfer in exchange for rolling back tariffs on Chinese goods, CNBC's Kayla Tausche reported Wednesday, citing sources familiar with the matter.

Asian stocks were mixed during Thursday afternoon trade as Chinese industrial production data missed expectations. Stateside, focus turned to the impeachment inquiry into President Donald Trump, with the first televised hearing linking the U.S. leader directly to efforts to pressurize Ukraine into announcing an investigation into his domestic political rival.

Back in Europe, a poll by Savanta ComRes on Wednesday suggested that British Prime Minister Boris Johnson's ruling Conservative party established a 10-point lead over the main opposition Labour party ahead of the U.K.'s December 12 election, after the Brexit Party stood down candidates in Conservative seats.

Traders will be watching German GDP for the third quarter, set for release at 7:00 a.m. London time, before French and Spanish inflation figures. respectively and U.K. retail sales at 10:00 a.m.

 

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A possible 10% jump in S &P500 if US iron out the trade issues with China properly. And come out tops...

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European stocks seen lower as US-China trade concerns resurfaceEuropean stocks were seen opening lower on Wednesday amid concern that U.S.-China trade talks are stalling, while escalating unrest in Hong Kong looked set to blight the handover from Asia. TheLastRefuge2 China devaluation of the Yuan means less money for big ticket items from Germany. The PRC needs to join the international norms of markets and Merkel deserves nothing, she’s an arrogant leader and was overdue for diminishing. TheLastRefuge2 Europeans should at least try to help themselves for once.
Source: CNBC - 🏆 12. / 72 Read more »