European shares inched lower on Monday as investors awaited further details on the US-China trade negotiations, while also looking ahead to some key corporate earnings and the US Federal Reserve’s policy meeting later this week.
The pan-European STOXX 600 index was down 0.1%, as of 0709 GMT.
Other regional indexes were trading in positive territory, barring France which fell 0.3%.
In a TV interview aired on Sunday, Trump said he would not attempt to remove Fed Chair Jerome Powell but repeated calls for lower interest rates and called the Chair a “stiff”.
The Fed is widely expected to leave rates steady on Wednesday following a solid March payrolls report.
Trump on Sunday said the US was meeting with many countries, including China, on trade deals, and his main priority with China was to secure a fair trade deal.
Optimism around a potential de-escalation of trade tensions between the US and China has boosted markets in recent days.
European shares fall after Nvidia, ASML signal mounting corporate pain
Dutch-listed shares of Shell fell 2.8% after a report said the oil major is working with advisers to evaluate a potential acquisition of rival BP.
Novo Nordisk rose 1.1% after the Danish drugmaker said the US Food and Drug Administration has accepted its marketing application for an oral version of its weight-loss drug Wegovy and will decide in the fourth quarter.
Erste Group jumped 5.8% after the Austrian lender said it has acquired 49% of Polish-based Santander Bank Polska and 50% of Santander TFI, following an agreement with Spanish bank Banco Santander SA.
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