European markets lose momentum heading for flat open

European stocks look set to follow their Asian counterparts in more lackluster trade Wednesday;U.S. markets were bolstered by China and the U.S. resuming trade talks on Tuesday.

, the Office of the U.S. Trade Representative said that both sides made "progress and are committed to taking the steps necessary to ensure the success of the" phase one trade deal.. The Conference Board Consumer Confidence Index, however, fell for a second straight month to 84.8 in August from July's 91.7., to be held in a virtual format this year. Wall Street will look for clues on further stimulus and where the economy is headed out of the event.

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