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European shares slip as Brexit, U.S.-China trade worries simmer

Published 12/18/2020, 04:15 PM
Updated 12/18/2020, 04:20 PM
© Reuters.
UK100
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FCHI
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DE40
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PHG
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ICAG
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BEAT_old
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STOXX
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SXTP
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(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
Dec 18 (Reuters) - European shares inched lower on Friday as
doubts over a post-Brexit trade deal and fresh U.S.-China
tensions capped gains at the end of a solid week.
The pan-European STOXX 600 index .STOXX slipped 0.2% by
0808 GMT, easing from a near 10-month high hit in the previous
session, while the German DAX .GDAXI and France's CAC 40
.FCHI also lost about 0.2% each.
Losses in UK's exporter-heavy index .FTSE were limited by
a slide in the pound after Britain and European Union
negotiators warned that they remained far apart on a number of
issues and that it was becoming more likely they would fail to
reach an agreement. .L
Travel & leisure stocks .SXTP were the biggest decliners
in early European trading, with British Airways-owner IAG
ICAG.L slipping 1.0% after a media report that it had agreed
to buy Spanish carrier Air Europa for 500 million euros ($612.55
million).
Dutch health technology firm Philips PHG.AS rose 1.3%
after it agreed to buy U.S. cardiac diagnostics and monitoring
firm BioTelemetry BEAT.O in a deal worth $2.8 billion.

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