Europe Markets Narrowly Mixed As New York Opens Weaker

European stock markets turned narrowly mixed in Monday afternoon trade after Wall Street opened weaker as the United States and China continued to joust over global trade, dealers said.

London, (UrduPoint / Pakistan Point News - 19th Nov, 2018 ) :European stock markets turned narrowly mixed in Monday afternoon trade after Wall Street opened weaker as the United States and China continued to joust over global trade, dealers said.

Europe's major markets had opened firmer as traders shrugged off Brexit and Italy jitters but sentiment remained cautious.

Paris saw Renault shares tumble after reports its chief Carlos Ghosn had been arrested in Japan over alleged irregularities at Nissan, its long-term partner.

Wall Street meanwhile was down at the open, led by weakness on the high-tech NASDAQ which shed more than 0.

6 percent.

Asian markets earlier put in a solid performance.

But "the political landscapes in the UK and Italy are still unsettled, and the US-China trade tensions rumble on," CMC Markets analyst David Madden said.

Sentiment was relatively calm and cautious at the start of the week after the volatility of the last seven days, with oil stabilising and the US Federal Reserve tempering fears about its plans for interest rate hikes.