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European shares edge down as trade worries dent morale

Wed, 04th Apr 2018 08:49

(For a live blog on European stocks, type LIVE/ in an Eikonnews window)

LONDON, April 4 (Reuters) - European shares were tradinglower in early deals on Wednesday morning, weighed down by freshworries over global trade after the U.S. government announcednew tariffs against Chinese products.

The pan-regional STOXX 600 index was down 0.1percent by 0742 GMT after a flat open, with most sectors innegative territory.

The European tech sector was the worst performer,down 0.8 percent as worries over regulation of U.S. tech giantspersisted. Futures for the Nasdaq were trading down 0.9percent after an overnight rebound.

Cyclical stocks such as financials and industrials alsoweighed.

British advertising group WPP was among the biggestindividual fallers, down 3.2 percent after the company said itwas conducting an investigation in response to an allegation ofpersonal misconduct against its chief executive, Martin Sorrell,who denied wrongdoing.

German IT-leasing specialist Grenke was the bestperforming stock, up about 5.9 percent after a positive tradingupdate for the first quarter.(Reporting by Julien Ponthus, Editing by Kit Rees)

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