European stocks are set to open lower Thursday morning as trade tensions between the U.S. and China ratchet up.
div > div.group > p:first-child"> The FTSE 100 looks set to open down around 34 points from Wednesday's close at 7,237, while the DAX is down around 32 points at 12,147 and the CAC 40 is around 30 points lower at 5,387.
European stocks closed slightly higher Wednesday after the White House said China wanted to make a trade deal, but Asian stocks then slipped during Thursday trade after President Trump claimed China"broke the deal" in negotiations.
Back in Europe, a deal for British pharmaceutical giant GlaxoSmithKline to buy Pfizer's consumer healthcare business received approval from the Australian anti-trust regulator, while Standard Chartered became the latest British firm to face shareholder criticism of executive pension provisions. A survey Thursday revealed demand for staff within businesses in the U.K. rose at its slowest rate since 2012 in April. Meanwhile, British Prime Minister Theresa May offered to meet leaders of an influential group of pro-Brexit Conservative Party lawmakers next week to address growing calls for her resignation.
In corporate news, British telecommunications giant BT Group is set to report first-quarter earnings Thursday morning.
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