On Monday, European shares fell post a record-setting run which was fuelled by the now relaxed fears of a global recession and optimism surrounding U.S.-China trade war truce. Investors are now seeking concrete details on the Phase 1 agreement.
At 0818 GMT, Pan-European STOXX 600 index was down 0.3%. This came upon striking Friday’s record closing high.
The commonly considered defensive stocks of health care and utilities led the declines among the major subsectors.
In December, the stock markets in Europe followed global counterparts as investors hailed the phase one of the U.S.-Sino trade pact agreement.
With just 2 days left till the close of the decade, no major Phase 1 deal updates are expected, this gives equities very little motivation to budge from current levels.
(Photos syndicated via Reuters)
This story has been edited by BH staff and is published from a syndicated field.