European Stock Markets Set to Open Higher Over Positive Developments on Trade War, Digital Tax
Arslan Butt • 1 min read
European stock markets are expected to open higher following Trump’s reassuring comments about how US and China trade teams had been in discussions regarding restarting negotiations. On Monday, Trump confirmed that Chinese officials had made a couple of optimistic calls, stating their interest in resuming talks towards a trade deal.
This caused an upward movement in European shares during the previous session and so far, it looks like the momentum could be maintained into today’s session as well. In addition to the slight improvement in the trade war sentiment, the US and France have arrived at a compromise over the issue of digital tax on leading internet companies.
This positive development will not only help lift the European markets but could also have an impact on trade negotiations between the EU and the US. The French President had previously planned to impose a 3% levy on revenue earned by tech companies that exceeded 25 million euros.