Germany’s DAX lost 0.5% to 12,040.23. In France, the CAC 40 shed 0.2% to 5,488.65. Britain’s FTSE 100 declined 0.4% to 7,138.61. Wall Street looked set for early losses, with the future contract for the Dow Jones Industrial Average down 0.4% and that for the S&P 500 off 0.3%.

A day after escalating trade tensions led to a sharp sell-off on Wall Street, investors drew encouragement from reports that Beijing signaled it is open to a partial deal.

But a report by the Hong Kong newspaper South China Morning Post saying that preliminary talks for the meetings did not go well doused some of that enthusiasm.

In Asia,…



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