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European stock markets are trading higher in early trading

2019-06-11 07:41 am | Resource: NEWS | No Views : 63

European stock markets are trading higher in early trading
 
German shares jumped Tuesday after a one-day stop and France's index rose slightly on Tuesday. Investors were following the leadership race in the Conservative Party in the United Kingdom, where Boris Johnson, the former Secretary of State for Foreign and Commonwealth Affairs, who was also mayor of London, enjoyed the greatest support.

US President Donald Trump yesterday held his hostile speech, but expressed confidence that he and his Chinese counterpart Xi Jinping would overcome bilateral disputes and end the trade war.

Salveni, de Mayo still has no common strategy

Also at the European level, the Italian news agency ANSA reported on Tuesday that differences and tensions remain between leaders of the ruling parties in Italy regarding disciplinary measures taken by the European Commission over the excessive burden of debt and spending.

Deputy Prime Minister Luigi de Mayo met the five-star movement and Matteo Salvini of the Northern League yesterday with Prime Minister Giuseppe Conte (center) to try again to settle differences. The official statement revealed the intention to work with Giovanni Treya, Minister of Economy and Finance, to avoid the infringement.

Silvini said he had no doubts about the need for continued cooperation. Unidentified sources from his party claimed that the conflicts were resolved at least on a personal level. However, it appears that they are still at the starting point with regard to the attitude towards the European Union. The university president insisted sanctions should be avoided with economic growth and tax cuts were under way.

European Stocks Open
  • The FTSE 100 is up 0.46% in London at 9:22 CET.
  • The DAX index rose 1% in Frankfurt, led by Tyssenkrupp by 3.51%.
  • The French CAC 40 index gained 0.31%.

Gold fell 0.15% to reach $ 1,326.06 an ounce. The euro was up 0.16% at $ 1.13296 and 0.14% at £ 0.89298. The pound was steady at $ 1.26885.


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