European stocks closed lower on Thursday as investors digested fresh corporate results and kept an eye on global trade developments. Technology stocks pushed European shares to three-week lows on Thursday after software firm SAP reported poor results, the latest company to warn about damage from protracted trade tensions as gloom about earnings spreads across global equities. The Pan European STOXX 600 is down 0.22%. The DAX is down 0.92% while London's FTSE 100 is off 0.56% and France's CAC 40 is lower by 0.38%.
Asian stocks gained morning and the dollar sagged on today after a top Federal Reserve official all but cemented expectations of a U.S. interest rate cut later this month. The Shanghai Composite is up 1.09% while the Hang Seng is up 1.1%. The Nikkei 225 is up 1.70%. The Kospi gain 1.02%. The ASX 200 is up 0.76%.