European markets mixed

European stocks were mixed on Wednesday morning as investors digested a robust round of earnings and President Trump’s decision to halt stimulus talks until after the November election.

Markets in the U.S. and Asia-Pacific have been reacting Trump’s tweet on Tuesday that the White House is halting talks with Democrats about a second coronavirus stimulus deal.

The Dow Jones Industrial Average closed down 375 points, having rallied in the session on hopes that there would be a second relief package to prop up markets as the coronavirus outbreak continues.

The S&P 500 lost 1.4% and the Nasdaq Composite fell 1.57% on Tuesday, while oil prices also declined. U.S. stock futures were pointing higher in the early hours of trading.

Avadoot Shah

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