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European stocks flat as tech losses offset China data optimism

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European shares were largely flat on Monday as renewed U.S.-China tensions hit technology stocks, but a slowing decline in China's producer prices and rising oil prices limited losses.

Heavyweight technology index .SX8P fell 1.2%, capping gains in the broader market amid worries over the U.S-China rift ahead of a scheduled trade talks on Aug. 15 to review the agreement signed in January.

“President Trump’s decision is yet another one that could prompt a counter response and possible escalation from Beijing, with U.S. companies operating in Hong Kong and China, particularly vulnerable,” Michael Hewson, chief market analyst at CMC Markets, wrote in a note.

 

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China data drives early gains in European stocksEuropean shares inched higher on Monday as a decline in China's producer prices slowed and oil prices rose, while investors looked to Washington for signs of more U.S. stimulus. I'm not surprised... Could it be that China engineered a situation that will open a path to global leadership? China demoralized the world. Hurts everyone economy. HALTED THE WHOLE WORLD - so yeah, I can see that happening 中国人こわい、あ、韓国だと右が左で左が右だから気をつけてネ。民主化愛国者を左翼、アカってレッテルはって黙らせる。それやるやつは、中国人でなく韓国人。おまえがわるい、は中国人。
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