[BENGALURU] European stocks snapped a three-day winning streak on Friday amid global trade jitters after Beijing ratcheted up its war of words with Washington, while the end of Brexit talks between British political parties put a lid on risk sentiment.
Ben Lofthouse, head of global equity income at Janus Henderson, said investors"have moved from being slightly risk-on to risk off"."Markets don't deal well with circumstances that are not well rehearsed. For global equities, trade is on people's mind more than Brexit."Germany's exporter-heavy DAX declined 0.6 per cent, with BMW shedding 5.2 per cent as its shares traded ex-dividend.
Real estate stocks shed 1.2 per cent, with Hammerson PLC down 2.2 per cent following a price target cut on the stock by RBC.
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