(Reuters) – European shares were inched lower on Monday as a glum profit outlook from lender HSBC offset gains following positive developments in the U.S.-China trade talks and Brexit.
The pan-European STOXX 600 fell 0.1% at 0807 GMT and London’s FTSE 100 <.FTSE> was down 0.4%, but Germany’s DAX <.GDAXI> was up 0.2%.
Shares of Louis Vuitton owner LVMH
Trade – exposed auto <.SXAP> and mining <.SXPP> stocks led gains among sub-sectors.
U.S. and Chinese officials are “close to finalising” some parts of a trade agreement, officials said on Friday, while the European Union was expected approve a flexible 3-month Brexit delay.
(Reporting by Lisa Mattackal and Agamoni Ghosh in Bengaluru; Editing by Arun Koyyur)