At the end of a turbulent month due to China-US trade turmoil, stock markets retreated largely Friday, as Wall Street was expected to reopen after a Thanksgiving shutdown. The dollar went up, while oil prices fell at the weekend.
The pound was mixed with expectations that Britain's governing Conservatives will win the general election next week, which would possibly allow Prime Minister Boris Johnson to push through his Brexit plan and avoid a no-deal breakup with the EU.
On the corporate front Friday, Daimler shares fell because the German luxury car manufacturer said that it would cut 10,000 workloads in a major reduction of the cost of funding the change to electric cars worldwide.
Daimler staff chief Wilfried Porth told reporters during a conference call after the group said that "thousands" of jobs would be axed in a previous statement.
Daimler shares in Frankfurt dropped by 0.7 percent at around 1145 GMT to 51.58 euros. The company announced an agreement to provide Japanese retail giant Aeon with artificial intelligence (AI) capabilities to the UK online supermarket Ocado up 12 percent to the top of the London FTSE 100 index.
Focus elsewhere was firmly focused or missing on China-US trade progress, with Wall Street re-opening after Thursday closure and retailers seeking an elevator from the sales department of "Black Friday." Official Friday data showed that inflation in the eurozone had gone up to 1.0% above analysts ' expectations, but was still below the weight of trade tensions.
President Donald Trump has made threats of Beijing's reprisals and heightened expectations of talks on a mini-trade deal that are in their final straight, with a decision to support pro-democracy protestors in Hong Kong.
However, China has not specified its response to Hong Kong law and observers say that the tariff agreement is unlikely to be destroyed because of its weakening economy.
Threats by China to retaliate against the US law of Hong Kong are likely to continue; threats, Jeffrey Halley said at OANDA.
China has its issues, in particular in terms of corporate debt and the value of regional bank loans. So far, any development can hardly be left to waste. Anger should be surmounted by pragmatism.
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