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Stocks on the continent remained below the waterline as markets closed on Wednesday, after the US president renewed his threat of trade tariffs against the European Union.
US stocks opened higher on Wednesday as corporate releases continued to stream in and investors shrugged off concerns about the spread of a deadly virus in China.
Luigi Di Maio, leader of Italy’s 5-Star movement, one of two parties in the coalition government, resigned on Wednesday, revealing divisions within the party and stoking political tensions.
Tensions between London and Washington were growing on Wednesday after the US threatened to impose retaliatory tariffs if the UK introduced a tax on technology companies.
China's Xiaomi is still considering entering the US market despite America's stance against technology firms from the Asian giant and the ongoing trade war.
Daimler, the German luxury car manufacturer, has once again warned on profits, as it continues to navigate the fallout from the emissions scandal and a switch away from diesel vehicles.
US futures were pointing to some early gains on Wednesday ahead of an array of corporate releases as investors seemingly shrug off concerns about the spread of a deadly virus in China.
Boeing said it did not expect its controversial 737 Max aircraft to return to service until mid-2020 as it officially paused production while authorities scrutinise modifications.
Most markets in Asia managed gains on Wednesday, as investors continued to weigh concerns around the spread of the Wuhan strain of coronavirus, which has infected hundreds in China and has been confirmed spread to the United States.
International Business Machines (IBM) updated the market on its fourth quarter and full-year numbers for 2019 on Wednesday, reporting GAAP earnings per share from continuing operations of $4. 11 (£3. 15) for the final three months of the year, and operating, non-GAAP earnings per share of $4. 71.
The far lower mortality rate of the new coronavirus identified in the Chinese city of Wuhan means that it is unlikely to have anywhere near the significance for the US economy of the outbreak of Severe Acute Respiratory Syndrome in 2003, Capital Economics said.
Wall Street trading began with some losses on Tuesday as traders returned from the Martin Luther King Jr Day holiday to concerns over a new strain of pneumonia in China.
US futures were pointing to losses ahead of the bell on Tuesday as traders returned from the Martin Luther King Jr Day holiday to concerns over a new strain of pneumonia in China.
German economic sentiment has surged to a near five-year high, research published on Tuesday showed, as trade tensions between China and the US began to thaw.
