Europe opens higher amid trade deal optimism

Friday, 15. November 2019 09:03

European stocks opened higher on Friday after the optimistic news about the United States and China finally resolving their trade dispute. On Thursday, White House economic adviser Larry Kudlow said the US and China are "getting close" to trade deal. On the other hand, the Chinese Ministry of Commerce spokesman Gao Feng stated China wants the removal of some tariffs. Yesterday also China's customs announced they would lift restrictions on the import of poultry meat from the US, effective immediately.

The FTSE 100 rose 0.49% at 9:02 am CET with BHP Group Plc that went up 2.34% at 9:44 am CET. The DAX went up by 0.23% at 9:41 am CET with pharmaceutical company Merck & Co. leading the way growing by 1.84% at 9:41 am CET. The CAC 40 grew 0.49% at 9:27 am CET led by telecommunication company Orange S.A. that grew 2.52% at 9:38 am CET. The euro stood flat against the dollar to sell for 1.1018 while the pound also traded flat against the dollar selling for 1.28755, at 9:07 am CET.

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