Stocks in Europe are set to open lower as market players wait for clarity from U.S.-China trade talks.
div > div.group > p:first-child"> The FTSE 100 is seen off by 15 points at 7,119; the DAX 30 is expected to open down by 16 points at 11,604 and the CAC 40 is set to begin down by 8 points at 5,289; according to IG.
In Asia, trade was mixed as investors awaited details on negotiations between Washington and Beijing. U.S. Secretary of State Mike Pompeo said Monday he thought Washington and Beijing were"on the cusp" of reaching a deal. Despite the positive comment from different members of the U.S. administration, market players are yet to find out how far-reaching the deal could be.
There is also a strong focus on the Chinese economy, after Beijing lowered its growth target for 2019. J.P. Morgan Asset Management told CNBC that the slowdown is"entirely natural," while Capital Economics suggested that China's growth could fall to 2 percent over the next decade.On the data front, there will be German construction PMIs at 8.30 a.m. London time.
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