NEWS: As trade optimism cooled

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European stocks were firmly red on Tuesday as fresh monthly highs swept through stocks cooled, while London's FTSE 100 index lagged behind the broader market in optimism about the rise in sterling and trade negotiations between the United States and China.
GMT 0842, Pan-European STOXX 600 fell 0.2%, consistent with France's CAC 40 and Germany's trade-sensitive DAX. The index closed Monday at its highest level since Oct. 9.
Britain's top 100 Treasury fell 0.7% after reports that British Prime Minister Teresa May was considering postponing the country's exit deadline on March 29, raising the pound to a monthly high. The announcement may be made on Tuesday.
Blue chips hit their lowest level in early trading since February 11. Because most of its earnings come from abroad, the FTSE 100 index is often under stronger pressure.


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