European stock markets followed Asia lower Wednesday on expectations that a trade dispute between China and the United States would weigh on global economic growth. Add China as an interest to stay up to date on the latest China news, video, and analysis from ABC News. Add InterestInvestors are still digesting U.S. President Donald Trump's comments this week that the U.S. was "not ready" for a trade deal with China. Italy's FTSE MIB tumbled 1.1% to 20,035, after a European Central Bank report sounded the alarm about the country's debt. The Trump administration has also mounted sanctions on Chinese tech giant Huawei, which is now fighting back in a U.S. court.

Source: ABC News May 29, 2019 07:06 UTC