European shares trade higher over US-China trade deal progress

European shares opened mostly higher on Friday owing to the US-China trade developments, which are expected to roll onto the holiday season.

The Stoxx 600 rose over 0.1% in early trade.

Global sentiment is upbeat over trade deal progress between the US and China over the past month. US Treasury Secretary Steven Mnuchin said on Thursday that the US and China would sign the "phase one" trade pact early in January following a technical “scrub.”

Meanwhile, Financial Conduct Authority (FCA) Chief Executive Andrew Bailey is set to be named the new governor of the Bank of England, according to the Financial Times, reported CNBC.

Further, UK's third-quarter GDP growth data will be out later today.

Asian markets finished mixed with the Hang Seng gaining 0.25%, the Shanghai Composite down 0.40%, and the Nikkei down 0.20%.

About Gosip4U

Gosip4U is the digital wing of india - India's leading media and communications group with its interests spanning across country.


Post a Comment

Please add comment