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European markets succumb to more losses as trade worries pressure auto, oil stocks

European Markets Succumb To More Losses As Trade Worries Pressure Auto, Oil Stocks post is one regarding those Finance, Forex class, published during our publisher Erick Emerson by February 8, 2019, that chapter can search on that tags auto, European, losses, markets, Oil, pressure, Stocks, succumb, trade, worries. We are happy to pleased you along with providing that anothers paragraph belonging finance plus I'm always posting that part routine.

European indexes fell into the red after a slightly positive start on Friday when German export data supported investor optimism.

Refreshed trade worries put pressure on auto and oil sectors in particular.

How are markets performing?

The Stoxx Europe 600

SXXP, -0.68%

fell 0.4% to 358.55, clawing back some of the deeper losses made on Thursday when it finished down 1.5%. That marked the biggest one-day percentage decline since Dec. 27.

France’s CAC 40

PX1, -0.71%

slipped 0.3% to 4,970.16 and the FTSE 100

UKX, -0.30%

dipped 0.3% as well, to 7,075.26.

Germany’s DAX 30

DAX, -1.30%

fell 0.6% to 10,958, while Spain IBEX 35

IBEX, -1.21%

 lost 0.8% to 8,862.10.

The euro

EURUSD, -0.1146%

fell to $1.1335 on Friday, from $1.1341 late Thursday in New York, while the pound

GBPUSD, -0.0463%

dropped to $1.2948 from $1.2953.

What’s driving the markets?

Stocks got an initial lift after some rare, as of late, news on Germany’s economy as exports rose in December , according to official data. Mounting concerns about a slowdown in both the eurozone and its largest economy helped drive down stocks worldwide Thursday, after weak data and forecasts for the eurozone.

Read: How the European economy is raising fresh global growth fears

Meanwhile, trade-deal jitters returned after President Donald Trump said Thursday that he had no plans to meet with Chinese President Xi Jinping before a March 1 trade-deal deadline. The two nations are far from agreement leading to some of America’s top business figures to push for a compromise, The Wall Street Journal reported.

The European Union has agreed to resume Brexit negotiations in an attempt to break the political deadlock over the split set to take place…

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