India, June 11 -- Despite U.S. and Chinese officials announcing an agreement in principle on a framework to ease trade disputes, European stocks failed to hold early gains and closed mostly lower on Wednesday, with the mood turning cautious as the plan is subject to approval by the presidents of the two nations.
Without specifying the terms of the framework, U.S. Commerce Secretary Howard Lutnick indicated that both sides agreed to lift export controls on key goods and technologies.
Investors also digested U.S. consumer price inflation data, and a few corporate earnings updates from the region.
The pan European Stoxx 600 ended down 0.27%. Germany's DAX closed 0.16% down, and France's CAC 40 drifted down 0.36%. The U.K.'s FTSE 100 gained ...