LONDON: European stock markets mostly slid on Monday as traders reacted to fading US-China trade deal hopes, renewed unrest in Hong Kong, a stronger pound and political impasse in Spain.
The pound was up around three-quarters of a percentage point versus the dollar, adding further downward pressure to the FTSE 100 that features several multinationals earning in the US unit. In the eurozone, Madrid's IBEX 35 index spent most of the day lower after Socialist premier Pedro Sanchez emerged as winner but weakened from Sunday's repeat election.
Expectations Beijing and Washington will agree a mini-pact have fuelled an equity rally for the past few weeks.
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