Share Name Share Symbol Market Type Share ISIN Share Description
Lloyds Banking Group Plc LSE:LLOY London Ordinary Share GB0008706128 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.63 2.27% 28.415 28.325 28.335 28.55 27.935 28.215 178,864,436 16:35:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Banks 42,356.0 4,393.0 3.5 8.1 20,111

EUROPE MARKETS: European Stocks Slink Back On Warier View Of U.S.-China, Brexit Talks

14/10/2019 4:55pm

Dow Jones News

Lloyds Banking (LSE:LLOY)
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By Steve Goldstein, MarketWatch

European stocks took a step backward on Monday as traders took more skeptical assessments on the prospect of a U.S.-China trade pact and a deal for Britain to leave the European Union.

After a strong 3% gain last week, the Stoxx Europe 600 declined 0.50% to 389.67, with metals producers such as Rio Tinto (RIO.LN) and banks including BBVA (BBVA.MC) losing ground.

The German DAX declined 0.2% to 12486.56, the French CAC 40 declined 0.40% to 5643.08 and the U.K. FTSE 100 dropped 0.46% to 7213.45.

U.S. stocks were narrowly higher at the time of the European close, after a 320-point surge in the Dow industrials on Friday.

On Friday, U.S. President Donald Trump announced what he called a Phase I agreement that will delay an increase in tariffs, increase Chinese agricultural purchases and address foreign currency levels. Even that agreement is only in principle and not set out in writing.

China characterized what had been agreed to as progress rather than a deal.

"While the partial deal points to possible progress in more challenging elements of U.S.--China trade and commercial relations, we think the risks of a breakdown will rise once talks move on to highly contentious issues," said analysts at BNP Paribas.

U.K. banks also cooled off after Friday's rally after European Union negotiators said they would "intensify" discussions on a mutually agreed pact for Britain to exit from the bloc. After surges of roughly 12% each on Friday, Lloyds Banking Group (LLOY.LN) fell 2.3% and the Royal Bank of Scotland (RBS.LN) fell 1.4%.


(END) Dow Jones Newswires

October 14, 2019 11:40 ET (15:40 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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