European stocks fell on Monday as rising tension between the United States and China reduced appetite for risky assets, while British exporters fared better as uncertainty over a Brexit trade deal hit the pound.
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Germany’s trade-sensitive DAX index and the Euro Stoxx 50 index are down 0.85%. The Ibex 35 is left 1.01%.
Reuters reported exclusively that the United States was preparing to impose sanctions on at least a dozen Chinese officials.
Banks led the declines in Europe, 1.7% as yields on euro zone bonds fell.
Meanwhile, London’s FTSE 100 was up 0.2% and consumer and healthcare stocks led the gains. The pound received severe punishment as negotiators tried to reach a post-Brexit trade deal.
British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen will make another call Monday night in the hope that stubborn differences over fishing rights in UK waters, competition loyal and the ways to resolve future disputes have been narrowed down by then.
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