European Stock Markets Expected to Trade Optimistic Over Developments on Trade War, Brexit
Arslan Butt • 1 min read
European stock markets are expected to open in the green early on Friday over rising hopes for a Brexit deal and a possible trade deal between the US and China. Markets are increasingly hoping for the US and China to announce a limited trade deal at the conclusion of today’s discussions.
The sentiment for progress in trade talks came on the back of Trump’s confirmation for meeting with Chinese Vice Premier Liu He at the White House on Friday. Trump had termed the first day of negotiations as “very, very good”, signaling a possible positive announcement coming up later today.
European stock markets are also expected to trade bullish over ongoing developments surrounding the Brexit deal. Following a meeting between British and Irish prime ministers, there is a renewed expectation of a Brexit deal being worked out by October 31, the day of Brexit.
Later today, the stock markets can be impacted by the release of CPI data out of Germany and Spain. Any progress on Brexit could also move European markets towards the end of this trading week.