European equities slightly higher amid trade developments

Tuesday, 16. April 2019 09:20

European stock markets recorded moderate gains during the opening of the Tuesday trading session, amid signals that the global trade uncertainties will subdue. The European Union officials agreed to open negotiations with the United States, after previous speculations of potential new tariff hikes. The US also once more hinted that discussions on trade between Washington and Beijing are making progress. Later during the day, data on economic sentiment and construction output for the Eurozone will be published.

German DAX traded 0.14% shortly after the opening bell, pushed up by the continuation of Wirecard AG's growth and Adidas AG gains of 0.97%. At the same time, the French CAC 40 added 0.11%, led by Publicis Groupe SA's rise of 1.26%. The FTSE 100 increased by 0.08%.

The euro lost 0.03% against the greenback to change hands for 1.1301 at 9:20 am CET, while the sterling traded 0.13% lower against the dollar, going for 1.3081.

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Breaking the News / MA