Europe opens higher after US-EU trade gathering; ECB meeting

European markets begin Thursday’s session in the black, as concerns over rising trade tensions between the U.S. and Europe showed signs of easing.

The pan-European Stoxx 600 was 0.35 percent at 388.05 higher with almost every sector in positive territory.

Trade disputes between the U.S. and major economies have put markets on edge over the last month or so, and the topic continues to sway investor sentiment today.

On Wednesday, President Donald Trump announced that the U.S. and the European Union had initiated a “new phase” within their relationship, explaining how both regions would begin collaborating in order to lower tariffs and avoid a potential trade war.

Source : CNBC

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Europe opens higher as earnings season remains in focus

European markets open higher on Tuesday, bouncing back from the weaker trade seen in the previous session.

The pan-European Stoxx 600 was up by 0.33 percent at 386.16 with almost every sector in the black.

After finishing Monday’s session in the red, Tuesday’s trade is expected to bring a slew of economic news to market-watchers in Europe. First off, earnings season continues to deliver on Tuesday, with Heathrow, LVMH, PSA Group, Randstad, and Norsk Hydro are all reporting their latest financial results.

Before the bell, UBS published results which saw the Swiss lender deliver a 9 percent increase in net profit during the second quarter, to 1.28 billion Swiss francs ($ 1.29 billion), up from a year ago. Investors will also be keeping a close eye on shares of AMS and Luxottica, which both reported after the close on Monday.

Source : CNBC

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Dow Opens Slightly Lower as Better-Than-Expected Jobs Report

U.S. stock-index benchmarks tipped lower at the open on Friday as Wall Street digested a read on the labor market for June, which came in stronger than expected, and the official imposition of tariffs between the U.S. and China, signaling dialed-up tensions over trade between the world’s largest economies.

The Dow Jones Industrial Average opened 60 points, or 0.3%, lower at 24,303, the S&P 500 index traded virtually unchanged at 2,734, while the Nasdaq Composite Index climbed less than 0.1% at 7,599.

U.S. nonfarm payrolls data showed that 213,000 were added in June, according to the Labor Department, surpassing estimates, but the unemployment rate rose to 4% from 3.8%. Still, the report pointed to an economy that remains healthy. U.S. equities were set to decline more briskly after Trump’s administration early Friday slapped levies on $ 34 billion of China’s exports at midnight, threatening further tariffs.

Source : Market Watch

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