European Daily Market Review 26.08.19

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European stocks markets slipped after U.S. President Donald Trump reported that China had called Washington to resume talks.

The pan-European Stoxx 600 index dropped 0.2% afternoon deals, with autos leading gains on a gain of 0.7%.

Munich’s Ifo Institute announced that German business morale retreated this month, with it’s business climate index coming in at 94.3, versus a forecast of 95.1.

The German cartel office will appeal a regional court’s decision to suspend restrictions it had imposed on Facebook’s (FB.O) data collection practices to the Federal Court of Justice, Germany’s highest court.

There are only two days for government formations in Italy. Now, the Democratic Party and the Five Star Movement are still divided over who should be Italy’s next prime minister.

Greece is removing remaining limits on the free movement of capital outside the country after four years of restrictions. This is indicating that the country’s economy seems to return to normality.