European markets are expected to open mixed Wednesday, as markets monitor the increasing involvement of technology giants in the U.S.-China trade war.
Investors will be monitoring trade developments between the world's two largest economies, after a reprieve from the U.S. temporarily backing off its blacklisting of Chinese telecommunications giant Huawei caused European markets to rebound slightly Tuesday.
China's GAC Motor, one of the nation's largest carmakers, postponed its U.S. launch due to uncertainty over the trade war, while Tencent CEO Pony Ma said he was watching whether a tech war will ensue. Meanwhile, Chinese President Xi Jinping said China is embarking on a "new Long March," suggesting no imminent end to the trade war.
The State Department said Tuesday that it sees signs the Syrian government may be using chemical weapons, warning that Washington and its allies would respond "quickly and appropriately" should the allegations be proven.
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