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European Shares Little Changed In Lackluster Trade

(RTTNews) - European stocks showed a lack of direction on Tuesday as investors booked profits from the recent rally amid signs of a thawing in relations between the United States and China.

After the U.S. Treasury Department dropped China's designation as a currency manipulator, media reports suggest that China has pledged to buy nearly an additional $80 billion of U.S. manufactured goods over the next two years.

The phase one U.S.-China trade deal is due to be signed at the White House on Wednesday.

The fourth-quarter corporate earnings season also remained on investors' radar, with Citigroup, JPMorgan Chase and Wells Fargo reporting their results before the U.S. opening bell.

The pan European Stoxx 600 was down 0.1 percent at 418.13 after declining 0.2 percent in the previous session.
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