European Stock Markets Rise on Trade War Optimism, ECB Meeting Expectations

European stock markets are trading at their highest levels in six weeks over optimism after US and China agreed to delay tariff hikes on..

FTSE

Early on Thursday morning, European stock markets are trading at their highest levels in six weeks over optimism after US and China agreed to delay tariff hikes on each other’s imports. On Wednesday, China’s Ministry of Finance announced an exemption of more tariffs on 16 products imported from the US.

In response, US President Donald Trump appreciated China’s goodwill gesture and put off his plans to hiks tariffs on billions of dollars’ worth of Chinese imports. The new tariffs will now come into effect starting October 15 instead of October 1 as originally planned.

European stock markets are also trading bullish in anticipation of the ECB meeting scheduled for later today. Traders are waiting to see if the central bank will cut interest rates and take them into negative territory. At the time of writing, [FTSE]] is trading at a little above 7359.

ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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