LONDON: European stock markets gave up early gains on Monday to close mostly lower, dragged down by US markets worried about trade talks and the upcoming earnings season, analysts said.
Dow member Boeing fell nearly four per cent after slashing its production schedule for the embattled 737 line from 52 planes per month to 42 following the grounding of the 737 MAX after two crashes. IG analyst Joshua Mahony called the date"sagging" and said that"with both exports and imports falling for the European powerhouse, a worsening picture becomes apparent for the eurozone flagship economy".Asian indices traded mixed but investors remain broadly upbeat after a strong US jobs report that eased concerns about the world's top economy.
Prime Minister Theresa May is pressing ahead with her bid for a Brexit"compromise" with the opposition despite a backlash from her own party, as she attempts to prevent Britain crashing out of the European Union this week.
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