(RTTNews) – Europe’s major stock markets could not be sustained in early Tuesday, losing strength as the day progressed to finish modestly underwater after advancing in the final session.
Rising tensions between the U.S. and China provoked a negative sentiment after the Trump administration announced Monday that it would tighten restrictions on Huawei Technologies in an effort to restrict the company to electronic components.
More discussions about Brexit and Wednesday minutes from the U.S. Federal Reserve’s financial policy assembly added to the uncertainty environment.
Markets have ended in red numbers during 3 of the last 4 trading days.
In Germany, Wirecard rose 6.21%, while Covestro rose 2.68%, E.On.E collapsed by 1.07%, Deutsche Post fell 0.58%, Deutsche Bank sank by 0.57%, Volkswagen lost 0.49%, thyssenkrupp added 0.42%, Daimler fell 0.28%, Siemens up 0.21%, Heidelberg Cement by 0.12% and Deutsche Borse fell 0.10%.
In London, Persimmon soared by 8.00%, while Rightmove collapsed by 2.69%, Associated British Foods fell 1.89%, Standard Life Aberdeen drifted by 1.5 0% Royal Dutch Shell sank by 1.25%, British American Tobacco lost 0.96%, Antofagasta rose 0.89%, Vodafone fell 0.44%.
In France, Airbus fell 3.09%, while Veolia Environnement fell by 2.91%, Engie skated by 2.10%, Societe Generale fell 1.83%, Crédit Agricole fell 2.01 by 1.43%, Carrefour and Sodexo fell 1.35%, BNP Paribas lost 1.12%, Vivendi by 0.59%.and Peugeot fell 0.13%.
In economic news, the German engineering association, VDMA, said this morning that machinery exports fell sharply this quarter amid the coronavirus pandemic.In the first quarter In the first six months of 2020, machinery exports fell by 14.1%.
In addition, Sweden’s commercial stocks increased in the last quarter, as the swedish Statistics knowledge showed on Tuesday.