European Shares Up on Trade Deal (Market Trading)
October 10, 2019•157 words
European stocks finished in the green on Thursday, tracking gains on Wall Street, after US President Trump said in a tweet that he will meet with Chinese Vice Premier Liu He at the White House on Friday, rising hopes of a trade deal. Negotiations between Beijing and Washington are due to recommence later on Thursday. Back in the UK, a joint statement saying “The Prime Minister (Johnson) and Taoiseach (Varadkar) have had a detailed and constructive discussion. Both continue to believe that a deal is in everybody’s interest. They agreed that they could see a pathway to a possible deal”, lifted investors’ mood. The DAX 30 increased 70 points, or 0.6% to 12,164; the FTSE 100 rose 20 points, or 0.3% to 7,186; the CAC 40 jumped 70 points, or 1.3% to 5,569; the IBEX 35 gained 113 points, or 1.3% to 9,104; and the FTSE MIB advanced 223 points, or 1% to 21,756.