European shares closed lower this evening after three days of gains. 

London's FTSE index closed 4 points (0.04%) lower to stand at 7,348, while the Paris CAC dropped 10 points (0.18%) to trade at 5,438 and the Frankfurt DAX dropped 73 points (0.58%) to 12,229.

Dublin's ISEQ index also closed lower, down 29 points (0.5%) to 6,280. Shares in CRH were down 1% to €28.72, while Smurfit Kappa shed 0.4% to €24.89. But shares in ICG sailed 1.9% higher to €4.76 after it said in a trading update that revenues in the first four months of the year were up over 6% despite Brexit.

US stocks were down by 5.15pm, after three straight sessions of gains, as trade tensions were renewed after Chinese media took a hardline approach to the tariff dispute between the United States and China.

The trade war will only make China stronger and will never bring the country to its knees, the ruling Communist Party'sPeople's Daily wrote in a front-page commentary.

Beijing's higher tariffs on US products on a $60 billion target list will take effect on June 1, which could prompt Washington to go ahead with tariffs on a further $300 billion worth of Chinese goods.

The two sides are expected to meet in China to resume talkssoon.

The Dow Jones had lost 17 points (0.07%) to trade at 25,847, while the Nasdaq dropped 20 points (0.33%) to 7,555. 

Earlier in Asian trade, Tokyo's Nikkei index gained 187 points (0.9%) to close at 21,250 taking heart from rallies on Wall Street and as investors eyed Japanese GDP data early next week. But the Hang Seng index in Hong Kong fell 329 points (1.1%) to finish at 27,946 as investors continued to fret about rising trade tensions between China and the US.