Europe rises in premarket on trade optimism27 Sep 2019 08:46
Europe traded with modest gains before the opening bell after it was reported that high-level trade negotiations between the United States and China are scheduled to continue on October 10. Yesterday, China also said that it's willing to buy more American agriculture products, which was praised by Larry Kudlow. Meanwhile, US President Donald Trump faces an impeachment inquiry over conduct with Ukraine, in relations to Joe Biden's son Hunter.
Investors will also be looking at import prices data for Germany before official trading starts, as well as consumer business climate for the European Union later in the day.
The DAX added 0.13% at 7:44 am CET, as the CAC 40 rose 0.25%. The FTSE 100 was up by 0.22% at the same time.
The euro was flat against the dollar, buying $1.09195 at 7:45 am CET. The British pound climbed 0.08% compared to the greenback at the same time, going for $1.23316.
Breaking the News / NI