European shares trade lower amid profit booking

Flag Badges of Britain and Europe in Pile
European shares traded lower on Tuesday as investors locked in gains after a record rally.

The STOXX 600 index fell 0.3%. The FTSE slipped 0.2%, while German and Italian markets were shut for the holidays.

Global equities saw multiple record highs in December over the optimism regarding US-China trade talks as well as signs of a smoother Brexit. However, investors sought concrete details regarding the "Phase 1" trade deal.

Further, although Britain will exit from the European Union on Jan 31, Prime Minister Boris Johnson’s hard line on the country’s future trade relationship with the EU has sparked fears of a no-deal Brexit, Reuters said.
Markets are also focusing on Germany's economy, after the country edged close to a recession in 2019.

About Gosip4U

Gosip4U is the digital wing of india - India's leading media and communications group with its interests spanning across country.


Post a Comment

Please add comment