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European shares calm as investors seek any signs of trade deal progress

Published 11/26/2019, 04:19 PM
Updated 11/26/2019, 04:24 PM
European shares calm as investors seek any signs of trade deal progress
CPG
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FRVIA
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STOXX
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SXTP
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
Nov 26 (Reuters) - European shares were little changed on
Tuesday after a strong start to the week, as investors sought
concrete signs of any progress in trade talks between the United
States and China.
The pan-European STOXX 600 index .STOXX was flat at 0803
GMT, after gaining more than 1% on Monday following a report
that the two sides were close to a trade agreement.
China's Commerce Ministry said on Tuesday that top trade
negotiators from both countries had reached a consensus on
"resolving relevant problems" on a phone call, but gave no
indication on the timing of a deal. Shares of Compass Group Plc CPG.L fell 6% after it said
deteriorating business and consumer confidence in Europe had
hurt volumes and margins at its unit that provides catering
services to companies. The stock pushed the wider travel & leisure sector .SXTP
down 2%.
French car parts maker Faurecia EPED.PA jumped 4%. The
company said it was targeting record sales, profits and cash
generation in 2022, partly due to the boost from its acquisition
of Japanese company Clarion.

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