European stocks languish as investors look beyond trade deal

LONDON: European stock markets struggled on Thursday as investor attention moved beyond a trade deal signed by China and the United States to corporate earnings and the global economic outlook.

Equities have been rallying since last month's announcement of a deal to ease a long-running stand-off that has stunted growth prospects around the world."There's relief at the situation progressing in a positive way that removes some uncertainty but disappointment at the same time that tariffs remain in place and will for the foreseeable future," Erlam said.

The Dow and S&P 500 hit records on Wall Street on Wednesday and pushed further into positive territory in midday trading on Thursday.On the corporate front, shares in European carmakers dropped after Germany's defence minister confirmed a newspaper report on the US tariffs threat.

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