European stocks seen higher as China-US trade talks get extended – CNBC


Stocks in Europe are set for a higher open on Wednesday morning as investors monitor an unexpected third day of trade talks between China and the U.S.

The FTSE 100 is seen higher by 62 points at 6,923; the DAX 30 is expected to open up by 113 points at 10,916; and the CAC 40 is seen also higher by 39 points at 4,812; according to IG.

In Asia, equity markets rose on the back of news that the U.S. and Chinese officials prolonged their trade talks amid some progress in areas such as energy commodities, Reuters reported. President Donald Trump tweeted “Talks with China are going very well.”

Furthermore, investors are also monitoring any signs of a potential economic slowdown in the world economy. The World Bank said Tuesday that it expected global growth to slow to 2.9 percent this year.

Meanwhile, Europe remains attentive to politics, with the U.K. Parliament expected to vote on the government’s deal with the EU on January 15. The U.K. is set to leave the European Union on March 29.

In the corporate world, Deutsche Bank has decided to slash bonuses for its investment bankers after a difficult year. Meanwhile, Sainsbury’s, Ted Baker, Superdry and Shoe Zone are due to update markets.

In terms of data, there will be unemployment figures out in the euro area at 10 a.m. London time.



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