European markets are set to open higher on Monday, after U.S. Treasury Secretary Steve Mnuchin said he was hopeful trade talks with China would soon come to a close.
The FTSE is set to open 7 points higher at 7,444, while the CAC is expected to open 5 points higher at 5,508. Germany's DAX is set to start higher by 25 points at 12,023, according to IG.
Mnuchin said Saturday that a U.S.-China trade deal would go"way beyond" previous agreements between the two nations, and that the two sides were"close to the final round" of negotiations, Reuters reported. Asian markets reached 9-month highs on Monday, with MSCI's broadest index of shares outside Japan up by 0.6% — its highest since late July. Japan's Nikkei gained almost 1.5%.
Market focus is also attuned to corporate earnings, with several U.S. companies set to release their first-quarter earnings this week. Big banks Citigroup and Goldman Sachs are expected to report their earnings on Monday.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Top U.S. trade official says EU, U.S. 'working hand in hand' on ChinaEuropean Union leaders did not take issues with Chinese trade policy as seriousl...
Read more »
U.S., China agree to establish trade deal enforcement offices: MnuchinU.S. Treasury Secretary Steven Mnuchin said on Wednesday that U.S.-China trade t...
Read more »
U.S.-China trade war is rerouting U.S. import flows: reportPresident Donald Trump's trade war with China has U.S. companies shifting p...
Read more »
Mnuchin says hopes U.S.-China trade talks nearing 'final round'U.S. Treasury Secretary Steven Mnuchin said on Saturday a U.S.-China trade agree...
Read more »
China says trade talks with US 'moving forward'BEIJING (AP) — China said Thursday that trade talks with the U.S. are 'moving forward' after nine rounds of consultations aimed at ending a standoff that has shaken the world economic...
Read more »
China Sweetens Its Cloud Offer in U.S. Trade TalksBeijing sweetened an offer to open its cloud-computing sector to foreign companies, in a bid to forge a trade deal after U.S. negotiators rejected an earlier proposal as inadequate.
Read more »
Stocks rise slightly at the open on trade deal hopesStocks posted slight gains at the open as investors cheered progress on U.S.-China trade talks.
Read more »
China Sweetens Its Cloud-Computing Offer in U.S. Trade TalksBeijing sweetened an offer to open its cloud-computing sector to foreign companies, in a bid to forge a trade deal after U.S. negotiators rejected an earlier proposal.
Read more »
Asian shares near nine-month highs, helped by U.S. optimism on China trade talksAsian shares neared nine-month highs on Monday after U.S. Treasury Secretary Ste...
Read more »