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European shares open higher as China exempts customs exemptions

2019-09-11 07:38 am | Resource: News | No Views : 36

افتتاح الاسهم في أوروبا على ارتفاع  لعدما اصدرت الصين إعفاءات جمركية

European shares started the session on Wednesday in the Green Zone after Beijing announced a list of US goods to be exempt from additional customs duties. China said the move was a "goodwill gesture" ahead of trade talks scheduled for October.

 Meanwhile, investors are awaiting the ECB rate decision this week.

Merkel believes that there is still a chance for regulator Brexit

German Chancellor Angela Merkel said on Wednesday: "We still have every chance for an organized Brexit." On the other hand, she added, Germany is ready if the UK leaves the bloc. Merkel also said the trade war between the United States and China was hurting Germany's exports and its economy in general.

Andrea Ledsom: On the UK: the focus is to get a support-free deal by October 17

Meanwhile, UK Foreign Secretary for Business, Energy and Industrial Strategy, Andrea Lidsom, said Wednesday that the government's focus now is to get a "different" and "good" withdrawal agreement with the EU by the European Council meeting on October 17. She confirmed in an interview with BBC Radio that the agreement should abandon Irish support. "We are looking for innovative ways to ensure that there is no need for support," the minister added.

Earlier, Irish Prime Minister Leo Faradkar confirmed that Irish support was the key part of the Brexit deal and that his government would not support any deal without it.

European stock openings
  • The DAX jumped 0.60% in early trading.
  • The CAC 40 rose 0.23%.
  • The FTSE 100 rose 0.40%. Among the biggest gainers were the financial sector, automakers and steel giant ArcelorMittal.

The euro was steady against the dollar at 9:10 am CET, buying 101475, while the pound was also steady against the greenback, reaching 1.23533.

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