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US-China trade talks to a standstill, German data in focus



European equities fell slightly lower on Thursday morning as US-China trade negotiations appeared to be jammed.

The pan-European Stoxx 600 was 0.15% below threshold, with cars slipping 1.5% and causing losses, while food and beverages gained 0.4%.

Just one month after the agreement in principle on the so-called first phase of a trade agreement, the two largest economies in the world reached a stalemate in the negotiations.

The US seeks to strengthen Kayla Tausche of CNBC reported Wednesday that concessions from China regarding the protection of intellectual property and the cessation of forced technology transfer in exchange for tariff reductions for Chinese goods, citing sources involved with the matter were familiar.

Asian stocks were mixed during trading on Thursday afternoon Data on industrial output disappointed expectations.

Incidentally, the focus was on the impeachment investigation against President Donald Trump when the first hearing took place on television by directly calling on the US head of state to pressure Ukraine to announce an investigation into its domestic rival.

In Europe, German GDP (Gross Domestic Product) increased by 0.1

% in the third quarter, exceeding the expected decline of -0.1% and narrowly avoiding a technical recession. GDP growth in the second quarter was revised from -0.1% to -0.2%. Meanwhile, a poll by Savanta ComRes on Wednesday suggested that British Prime Minister Boris Johnson's governing Conservative Party set a 10-point lead over the main opposition Labor party ahead of the December 12 election in the UK after the Brexit party had rejected candidates for conservative seats.

Shares on the move

The Daimler share lost more than 3% to lead the automotive industry after the German car maker in the red numbers announced a cost-cutting program, which claims to be in the years 2020 and 2021 "negative on "the result will affect.

Ticketing provider CTS Eventim slipped 7.2% after the KPS Foundation announced it would sell 4.2 million shares of the company.

The result remains in focus: The British private equity firm 3i recorded after the announcement of the results of the first half of the year, a price decline by 7.4%.

Qiagen's German-listed shares rose 13% in early trading after Bloomberg announced that Thermo Fisher was considering offering to the diagnostics company, while British fashion brand Burberry rose 8.5% after despite strong riots in Hong Kong, it posted a strong half-year result.


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