European shares hit seven-week lows amid U.S.-China trade standoff

(Reuters) - European shares extended losses early on Monday from the biggest weekly slump this year as the U.S.-China deadlock quelled hopes that the two largest economies will be able to resolve their trade dispute anytime soon. The STOXX 600 index dropped 0.5% by 0855 GMT to hit 7-month lows. 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..