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European markets trade cautiously amidst attention on Brexit and the trade war

By Ramla Soni

European markets traded cautiously on Monday morning as traders look for clarity in Brexit and U.S.-China trade talks, CNBC reported.

European markets trade cautiously amidst attention on Brexit and the trade war

The pan-European Stoxx 600 hovered around the flatline mid-morning, autos falling 0.9% while health care stocks added 0.7% to lead gains.

Stocks were afloat Friday by a positive jobs report out of the U.S. which eased fears of a slowdown in the world’s largest economy.

Asian stocks traded mixed Monday afternoon as investors await direction on how the negotiations will likely unfold.

In Europe, on Sunday UK Prime Minister Boris Johnson urged French President Emmanuel Macron to “push forward” to secure a Brexit deal and reiterated his intention for the UK to leave the European Union (EU) on 31 October.

Mr Macron said the EU will decide at the end of the week whether a deal is going to be possible based on Johnson’s latest proposal, which has been rejected in Brussels.

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