Markets in Europe extended losses during the later part of trade, as U.S. stocks came under severe pressure, on the back of technology stocks declining. Stocks were also pressured by worries of a potential trade war, consequently, the Dow Jones industrial average tumbled more than 300 points around Europe's market close.
On Thursday, President Donald Trump is expected to sign an executive memorandum, which would slap China with $50 billion in tariffs. The measures are designed to penalize the consumer nation, with the U.S. administration stating that China's trade practices involve stealing U.S. firms' intellectual property.
Consequently one of the sectors in focus today was the miners, with basic resources tumbling almost 3 percent by the close, with a number of London-listed miners posting losses of 2 percent or more.
Sticking with U.S. politics, on Thursday John Dowd resigned as Trump's lead attorney in the special counsel Robert Mueller's probe into Russian meddling in the 2016 election.