European shares rebound before bell

Friday, 16. August 2019 07:33

Stocks on major European markets gained before the bell on Friday after a lower close yesterday after Eurozone government bond yields hit historic lows. European Central Bank's Governing Council member Olli Rehn stated that a stimulus package which will be announced at the bank's next policy meeting in September.

Trade uncertainty continued to loom. China yesterday accused the United States of violating the agreement made at the G20 summit with the newly announced tariffs. President Donald Trump confirmed that the next round of talks in September is "still on," however, there is no specific date set. Meanwhile, the People’s Bank of China set the midpoint reference for the yuan at 7.0312 per dollar.

The DAX rose 0.64%, while the FTSE 100 increased 0.59 in premarket trade at 7:32 am CET. The CAC 40 added 0.53% concurrently.

The euro was flat against the dollar at 7:33 am CET, going for $1.11008. The pound climbed 0.11% against the greenback at the same time, buying $1.20986.

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Breaking the News / NI