(Reuters) – European shares were lower on Monday, with shares of oil major BP lagging, while fresh concerns about U.S.-China trade and looming U.S. tariffs on European imports added to the pessimistic mood.
Shares in BP The European oil & gas sector <.SXEP> fell 0.4%, weighing the most on the pan-European STOXX 600 index <.STOXX>, which dipped 0.1%.
A report on Friday that the U.S. may limit Chinese company listings on its stock exchanges fueled more U.S.-China trade angst ahead of the critical negotiations next week.
However, a rise in German retail sales in August helped ease some worries that a recession in manufacturing would hurt consumer spending in Europe’s top economy.
(Reporting by Shreyashi Sanyal in Bengaluru; Editing by Bernard Orr)