European Daily Market Review 28.11.19

European markets retreated some territory as most traders and investors are focused on the trade deal status between the U.S. and China over the Hong Kong protests.

The German DAX slipped 0.37%, the French CAC-40 dropped 0.26% and the British FTSE-100 tumbled 0.15%.

In London just ahead of a crucial Dec. 12 election polls indicated in that Prime Minister Boris Johnson on course to win a solid majority of 68 seats in Parliament.

The pan-European Stoxx 600 declined 0.2% during afternoon trade, with autos shedding 1% to lead the falling pattern.

Barclays (BARC.L) is about to cut the 396,000 pounds ($508,068) pension allowance it pays Chief Executive Jes Staley by around 50%.

Moreover, the GBP appreciated after a poll. In fact, the Sterling surged 0.1% to $1.2933 from a level of $1.2920 late on Wednesday in New York.

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