European stocks reverse early gains; Tullow Oil up 17% after major discovery [CNBC]
TULLOW OIL PLC UNSP/ADR (TUWOY)
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Source: CNBC
European stocks reverse early gains; Tullow Oil up 17% after major discovery European stocks gave up strong early gains on Monday morning with volatility continuing for global markets, as investors monitor escalations in the U.S.-China trade war. European Markets: FTSE, GDAXI, FCHI, IBEX The pan-European Stoxx 600 Trade talks are set to resume in Washington in early September after a new 10% tariff on an additional $300 billion worth of Chinese goods comes into effect on September 1. President Donald Trump told reporters on Friday that the U.S. is not ready to strike a trade deal with China just yet. Mainland Chinese and Hong Kong stocks rebounded into positive territory on Monday, though investor focus remains attuned to the trade war. Goldman Sachs said on Sunday that fears of a recession as a result of the trade war are increasing, and the Wall Street giant no longer expects a trade deal before the 2020 U.S. presidential election. Back in Europe, Trump's national security advisor
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