Will European Stock Markets Climb Higher on Improved Market Sentiment?
Arslan Butt • 1 min read
After Trump announced a reprieve on higher tariffs for Mexican imports over tackling illegal immigration, European stock markets are trading higher on Monday. The Asian session too saw some bullish moves in the stock markets, with Hong Kong’s Hang Seng climbing 2.03% higher for the day.
FTSE has also climbed higher and is now trading at a little above 7371 at the time of writing. The US’s decision to put off tariffs on Mexico indefinitely has certainly brought some cheer to the markets after the past few days of bleakness.
Up next, the focus will turn to trade talks between US and China – the two sides are set to meet at the upcoming G20 summit later this month. However, neither side has confirmed any scheduled negotiations beyond this event so far.