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May 13 (Reuters) – European shares extended losses early on Monday from the biggest weekly slump this year as the U.S.-China standoff quelled hopes that the two largest economies will be able to resolve their trade dispute anytime soon.

The STOXX 600 index fell 0.1 percent by 0720 GMT with Germany’s trade-sensitive DAX under pressure more than its peers.

Asian shares fell and U.S. stock futures also pointed to a sharply lower open as United States and China appeared at a deadlock over trade negotiations with Washington demanding promises of concrete changes to Chinese law and Beijing said it would not swallow any “bitter fruit” that harmed its interests.

The tariff-exposed