European stocks seen slightly lower as investors take profits into holidays

  • 📰 CNBC
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

European stocks were seen opening slightly lower on Monday as investors sought to take profits into the holiday season following a sustained rally earlier in the month.

Investors worldwide have received a festive boost after the agreement of a phase one trade deal between the U.S. and China, and Beijing's finance ministry said on Monday that it plans to lower import tariffs on some U.S. products from January 1.

These will range from frozen pork to avocado as China looks to boost imports after a bruising 19-month trade war between the world's two largest economies. U.S. President Donald Trump said on Friday that he had held aAsian stocks slipped on Monday despite the upswing in trade relations, with mainland Chinese shares leading losses.

Back in Europe, Lufthansa cabin crew workers have threatened to strike during the holiday season following a breakdown in arbitration talks between the German carrier and cabin crew union UFO. Meanwhile, the Italian industry minister said on Sunday that Chinese telecommunications giant Huawei should be allowed to play a part in Italy's future 5G network.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Next market crash: Why stocks are at risk of correction early in 2020 - Business Insider'Sentiment is too darn high': A Wall Street equity chief crying foul on the stock market's melt-up lays out the evidence that a plunge is on the horizon The plunge:
Source: BusinessInsider - 🏆 729. / 51 Read more »