European Stock Markets Rise on Trade War Optimism, ECB Meeting Expectations - Forex News by FX Leaders

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

Posted Thursday, September 12, 2019 by
Arslan Butt • 1 min read

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.

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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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