Europe rises premarket on US-China trade deal hopes

Friday, 15. November 2019 07:40

European stocks jumped in premarket trading on Friday on fresh hopes the United States and China will resolve their ongoing trade dispute after White House economic adviser Larry Kudlow noted the two sides are "getting close" to an agreement. On the data front, investors will be awaiting inflation and trade balance figures from the Eurozone schedule for release later in the day.

The FTSE 100 rose 0.52% at 7:37 am CET, the DAX climbed 0.64% at 7:38 am CET and the CAC 40 added 0.54% at 7:33 am CET. The euro and the pound both traded flat against the dollar to sell for 1.10222 and 1.28790, respectively, at 7:40 am CET.

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Breaking the News / NP