European Stock Markets Set to Open Higher Over Positive Developments on Trade War, Digital Tax - Forex News by FX Leaders

European Stock Markets Set to Open Higher Over Positive Developments on Trade War, Digital Tax

Posted Tuesday, August 27, 2019 by
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.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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