European stocks seen mostly lower amid trade talk skepticism

  • 📰 CNBC
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

European stocks are set for a muted open Monday as U.S. and Chinese trade negotiators prepare to meet in Shanghai for the first in-person trade talks since a truce was agreed in June.

Expectations for progress during the impending two-day meeting in Shanghai are low, and White House economic advisor Larry Kudlow told CNBC on Friday that negotiators would "hopefully go back to where the talks left off last May."

Investors will also be awaiting the U.S. Federal Reserve's monetary policy meeting this week, with theNew British Prime Minister and Conservative Party leader Boris Johnson plans to visit Scotland on Monday after the head of the Scottish Conservatives said that she would refuse to support the U.K. leaving the European Union without a deal. The Confederation of British Industry also said on Sunday that the EU was lagging behind Britain in its preparation for a no-deal Brexit.

In corporate news, mergers and acquisitions are high on the agenda. Reuters reported on Sunday that U.S. buyout fund Blackstone Group is expected to announce the merger of its majority-owned financial data firm Refinitiv with the London Stock Exchange Group this week. The merger is expected to face a long antitrust review before it can be signed off.

 

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

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Asia stocks set to trade lower as US-China trade talks resumeStocks in Asia were set to trade lower on Monday as U.S.-China talks resume in Beijing later this week amid low expectations for a major breakthrough. All fighting for market in africa
Source: CNBC - 🏆 12. / 72 Read more »