European Shares To Open Lower As Trade Worries Weigh

India, May 23 -- European stocks are likely to open lower on Thursday as investors fret over U.S.-China trade tensions.

The United States and China appear to be bracing for a prolonged standoff over trade after the U.S. squeezed Chinese companies by threatening to shut off supplies of those key components.

Hopes are now being placed on the Xi-Trump meeting on the sidelines of the G20 meeting in Japan at the end of June.

Asian stocks slipped into the red as investors fret about the adverse effects of trade tensions on global economic growth.

A report from the South China Morning Post said China is re-examining the entire bilateral economic relationship between the U.S. and China.

Separately, U.S. Treasury Secretary Steven Mnuchin told C...