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European stocks edge lower on China trade concerns and ‘worst of all worlds’ German economic data

November 14, 2019

European stocks slipped on Thursday on concern over the state of U.S.-China trade talks, as data showed a stagnating economy in Germany.

The Stoxx Europe 600 SXXP, +0.02% dropped 0.08% to 405.52, which still is near to its record close of 414.06.

“European equities appear modestly cheap on an absolute basis and extremely cheap relative to government and corporate bonds,” said strategists at Citi, who forecast the Stoxx 600 will reach 420 by the end of 2020.

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