(For a live blog on European stocks, type LIVE/ in an Eikon news window) * Trump says China trade deal may come after 2020 U.S. election * Miners, energy stocks lead losses * German shares lifted by SAP, MTU Aero Engines * French luxury stocks dented by new tariff threats (Updates to close, adds comment after Trump signals delay in China deal) By Susan Mathew Dec 3 (Reuters) - European shares wiped gains and ended lower for a fourth session running on Tuesday as sentiment worldwide took a hit after U.S. President Donald Trump signalled delays to reaching a trade deal with China. London's FTSE
.FTSE, packed with trade-sensitive mining and energy stocks, lost 1.8%%, the most in the region, as material shares .SXPPlost 1.6%. Weaker crude prices saw oil shares .SXEPpost their biggest one-day drop in a month. O/RTrump said he had no deadline to strike an agreement with China, adding it could come after 2020 U.S. elections, denting hopes of a near-term resolution to a dispute that has weighed on the world economy. urn:newsml:reuters.com:*:nL8N28D2KIThis came amid fears of expanding trade disputes. GVD/EURWashington on Monday warned of punitive duties of up to 100% on $2.4 billion in imports from France, saying its new digital services tax would harm U.S. tech companies. France and the European Union (EU) said they were ready to fight back. urn:newsml:reuters.com:*:nL8N28D178Meanwhile, the World Trade Organization's rejection of EU claims that it did not provide subsidies to Airbus AIR.PAprompted the United States to say it could raise retaliatory tariffs on a wider range of European goods. Airbus shares fell 4.4%. Along with drops in luxury shares LVMH LVMH.PA, Kering PRTP.PAand Hermes HRMS.PA, the Paris index .FCHIslid 1%. Reversing session gains, the pan-European stocks index .STOXXclosed down 0.6%, after logging its worst selloff since Oct 2. on Monday. urn:newsml:reuters.com:*:nL1N28D002"The current sell-off ... is yet another reminder of market's exceptionally high sensitivity to trade headlines, and underscores fragility of the latest risk rally," said Marija Veitmane, a senior strategist at State Street Global Markets. European shares had rallied over the last three months on hopes of a U.S.-China trade deal, and some calm on the Brexit front. German shares .GDAXI, meanwhile, ended up 0.2% thanks to rallies in software firm SAP SAPG.DEand MTU Aero Engines MTXGn.DEwhich rose after a BoFA Merrill Lynch upgrade to "buy". urn:newsml:reuters.com:*:nFWN28D031 urn:newsml:reuters.com:*:nL8N28D2ZGItaly's blue-chip index .FTMIBfinished marginally higher, supported by gains in Ferrari RACE.MIafter a Goldman Sachs target price hike and utility Enel ENEI.MIafter it made a bid for Renvico wind farm portfolio in Italy and France. urn:newsml:reuters.com:*:nL8N28C4H6Among other bright spots, telecom companies Ericsson ERICb.STand Nokia NOKIA.HErose on a media report that said Washington is considering financial aid to countries that would source telecoms equipment from firms other than China's Huawei. urn:newsml:reuters.com:*:nL8N28D3TX urn:newsml:reuters.com:*:nL4N28D2TF(Additional reporting by Thyagaraju Adinarayan in London; Editing by Andrew Cawthorne) ((firstname.lastname@example.org; within U.S. +1 646 223 8780; outside U.S. +91 80 6749 6328;))
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