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European stocks open higher amid European data

2018-09-14 08:18 am | Resource: News | No Views : 161

 European stocks opened higher on Friday as investors eagerly awaited a new round of trade negotiations between the United States and China. Yesterday, Turkey raised the benchmark interest rate to 24% to support the lira, while the European Central Bank and the Bank of England decided to leave interest rates unchanged. On the data front, market watchers were waiting for a report on the EU trade balance.

 China's unilateral foreign minister obstructs global stability

Speaking in Beijing after meeting French Foreign Minister Jean-Yves Le Derrion on Friday, Chinese Foreign Minister Wang Yi said conditions in international relations were becoming more "complex and volatile". The Chinese official said that his country always supports free trade with the World Trade Organization (WTO) in essence. Wang said Beijing is ready to work with France to safeguard multilateralism and improve global stability.

"France is committed to multilateralism" and is ready to work with China to "strengthen the multilateral international system," Lu Drayan said.

Earlier, spokesman of the Chinese Ministry of Commerce Gao Feng said a new round of trade negotiations with the United States was being discussed, and he hoped that there would be no further escalation in the trade war between the two countries.

European Stocks Open

The FTSE 100 was up 0.37%, with the share of Sier PLC up 2.21%.
The DAX rose 0.36%. Infineon Technologies AG gained 2.45%.
The CAC 40 index started up 0.41% in the Green Zone. STMicroelectronics was the best performer, rising 1.92%.

The euro rose 0.1% against the dollar to hit 1.17016 at 9:03 CET.

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