European Stock Markets Set to Open Subdued Over Hong Kong Protests, Lack of Updates on US-China Trade Deal
Arslan Butt • 1 min read
European stock markets are set to have a quiet opening at the beginning of a brand new trading week due to lack of significant developments on the US-China trade deal. Unlike the Asian session when stock markets closed higher, European stock markets could have a subdued opening and trade weaker on Monday.
On Saturday, Chinese Vice Premier held a phone discussion with US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin regarding key concerns surrounding the phase one trade deal. Following the call, China’s Commerce Ministry confirmed that the discussions were constructive but did not provide any additional details in its official statement.
In other news impacting stock markets, violent protests in Hong Kong continue to remain in focus after the Chinese army was called in to maintain law and order in the region. Several pro-democracy protesters used petrol bombs and homemade weapons like bows and arrows against the Hong Kong police, even as the police resorted to firing tear gas and water cannons on protesters.