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European stocks set to nudge lower ahead of US-China deal signing

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European stocks were seen slightly lower on Wednesday as investors await the signing of the so-called phase one trade deal between the U.S. and China, with optimism slightly dented by comments from the U.S. Treasury.

A Chinese delegation is in Washington to ink the long-awaited interim agreement, but U.S. Treasury Secretary Steven Mnuchin said on Tuesday that the U.S. would maintain tariffs on Chinese goods until the completion of phase two.

Mnuchin also claimed that documents due to be released later on Wednesday will show that the "phase one" deal is fully enforceable and includes a vow from Beijing to refrain from currency manipulation.Hang SengBack in Europe, the U.K., France and Germany have all formally accused Iran of violating its 2015 nuclear deal, a move which could pave the way for a re-imposition of U.N. sanctions lifted as part of the agreement.

Meanwhile U.K. Prime Minister Boris Johnson has rejected a request from Scottish First Minister Nicola Sturgeon to hold a referendum on Scottish independence.

 

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European stocks set for mixed open as US-China trade truce nearsEuropean stocks were set for a mixed open Tuesday as Chinese negotiators arrived in Washington ahead of the signing of a long-awaited preliminary trade deal with the U.S.
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