Europe opens higher as trade war fears subside

Friday, 30. August 2019 09:02

Markets in Europe opened in the green on Friday on fresh trade optimism after China and the United States signaled they are set to resume trade negotiations. Beijing urged Washington to cancel the latest round of tariffs and resolve the trade dispute in a "calm" manner, while US President Donald Trump noted the two countries are holding trade discussions "at a different level." Elsewhere, investors kept an eye on the latest Brexit developments after United Kingdom Prime Minister Boris Johnson suspended Parliament for five weeks, in what many saw as an attempt to prevent lawmakers from blocking a no-deal Brexit.

The FTSE 100 increased by 0.11% at 9:00 am CET with Rio Tinto, up 1.26% at 9:01 am CET, as the best performer. The DAX added 0.09% at 9:03 am CET. Vonovia, which gained 2.30% at 9:04 am CET, led the gains. The CAC 40 was up 0.03% at 9:00 am CET as Capgemini rose 0.88% at 9:01 am CET.

The euro lost 0.18% against the dollar to sell for 1.10366 at 9:04 am CET and the pound declined 0.11% compared to the greenback to go for 1.21698 at 9:05 am CET.

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Breaking the News / NP