Latest News

UK News

Click Here to read UK News

Forex News

Click Here to read Forex News

Market News

Click Here to read Market News

Irish News
/fxcentre/i-want-to/read-news
UK News
RPT-Stocks weaken, yuan falls after Trump says no trade deal deadline
Published at 03/12/2019 at 10:36

(Repeats to additional subscribers, no changes to text)

LONDON, Dec 3 (Reuters) - European stocks fell into the red and the Chinese offshore yuan skidded to a near five-week low on Tuesday after U.S. President Donald Trump said he had no deadline for reaching a trade agreement with China, adding it could come after the 2020 U.S. election.

The pan-European STOXX 600 index turned negative and was down 0.2%, weighed down by export-heavy mining stocks. Paris' CAC 40 was among the top drags with the index sliding 0.5% to more than one-month lows.

U.S. stock futures were down 0.3% as of 1026 GMT .

The dollar rallied against the Chinese offshore yuan to its strongest since Oct. 30 and was last up 0.4% at 7.068 yuan

. Safe-haven currencies the Japanese yen and Swiss franc also made gains .

European government bond yields retraced some of their overnight rises, with 10-year German bond yields down 2 bps at -0.299% .

In early European trading, ten-year German bond yields had hit a three week high of -0.26 percent.

(Reporting by Tommy Reggiori Wilkes, Thyagaraju Adinarayan, Julien Ponthus and Saikat Chatterjee; Editing by Dhara Ranasinghe)

((thomas.wilkes@tr.com; Reuters Messaging: thomas.wilkes.thomsonreuters.com@reuters.net))