UKX FTSE 100 Index

By Emily Horton

Mining shares drop in London, led by Angofagasta

European markets slipped into the red on Friday, as investors waited for further trade developments between U.S. and China at this weekend's G-20 meeting.

Losses for autos reflected some of that unease.

What are markets doing?

The Stoxx Europe 600 was down 0.3% to 357.22, after closing up 0.2% on Thursday. The index is on track for a gain of 0.9% for the week and down 1.2% on the month.

Germany's DAX 30 dipped 0.3% to 11,260.44, while France's CAC 40 eased 0.1% to 4,999.75.

The U.K.'s FTSE 100 fell 0.5% to 7,003.63. Italy's FTSE MIB Italy index was up 0.1% to 19,183.90.

The euro fell to $1.1365, from $1.1394 late Thursday in New York, while the pound slipped to $1.2758 from $1.2788.

What is driving the market?

Worries about trade tensions in the run-up to President Donald Trump's and Chinese President Xi Jinping's meeting at the G-20 also plagued global stocks on Friday. U.S. stock futures were pointing toward a weaker opening (http://www.marketwatch.com/story/us-stocks-poised-to-retreat-as-g-20-summit-gets-under-way-2018-11-30) for the Dow Jones Industrial Average and S&P 500. Some of that anxiety was manifesting in weakness for auto stocks in Europe.

Investors also focused on weak factory activity (http://www.marketwatch.com/story/chinas-factory-activity-stalls-in-november-2018-11-30) and construction data (http://www.marketwatch.com/story/china-nonmanufacturing-pmi-hits-15-month-low-2018-11-30) from China, which weighed on the mining sector, notably in London (http://www.marketwatch.com/story/miners-banks-drive-london-stocks-into-the-red-2018-11-30). The sector is vulnerable to signs of a slowdown in the world's second-largest economy, a big buyer of natural resources. Copper miner Angofagasta PLC (ANTO.LN) slid over 4% in London.

What stocks are active?

Among car makers, both BMW (BMW.XE) and Renault SA (RNO.LN) lost 1.8% and Volkswagen AG (VOW.XE) dropped 0.7%.

Heavyweight banking stock were in the red, with HSBC Holding PLC (HSBA.LN) and Banco Santander SA (SAN) (SAN.MC) down 1%.

Pharmaceutical stocks were among the biggest climbers, with GlaxoSmithKline PLC (500660.BY) and Novo Nordisk AS (NOVN.EB) (NOVN.EB) up 2%. Sanofi SA. (SAN.FR) rose 1%.

(END) Dow Jones Newswires

November 30, 2018 09:14 ET (14:14 GMT)

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