European stocks start trading in the green

Tuesday, 19. November 2019 09:02

European markets opened with modest gains on Tuesday, as investors focused on developments in trade relations between the United States and China. Although it was reported yesterday that there's pessimism in Beijing about reaching a trade deal with Washington, the US administration gave Huawei another extension of the license to do business with American companies.

Meanwhile, data on the construction output in the EU is expected during the session.

The DAX added 0.28% at the start, with aircraft engine manufacturer MTU Aero Engines and Deutsche Bank as the best performers.

London's FTSE 100 climbed 0.32%, pulled by Halma plc's rise, while the CAC 40 was 0.15% above the flatline. Hospitality company Accor led the gains on the French index.

The euro slid 0.06% on the dollar at 9:05 am CET, buying $1.10684, as the pound was flat against the greenback, buying $1.29548 one minute later.

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Breaking the News / NI