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RPT-Stocks weaken, yuan falls after Trump says no trade deal deadline

Published 03/12/2019, 11:36
Updated 03/12/2019, 11:45
© Reuters.  RPT-Stocks weaken, yuan falls after Trump says no trade deal deadline
FCHI
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ESZ24
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DE10YT=RR
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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 .STOXX index turned negative

and was down 0.2%, weighed down by export-heavy mining stocks.

Paris' CAC 40 .FCHI 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 ESc1 .

The dollar rallied against the Chinese offshore yuan to its

strongest since Oct. 30 and was last up 0.4% at 7.068 yuan

CNH=EBS . Safe-haven currencies the Japanese yen and Swiss

franc also made gains JPY=EBS EURCHF=EBS .

European government bond yields retraced some of their

overnight rises, with 10-year German bond yields down 2 bps at

-0.299% DE10YT=RR .

In early European trading, ten-year German bond yields had

hit a three week high of -0.26 percent.

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