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12/11/2019, 7:36 AM (Source: TeleTrader)
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Europe mixed premarket amid fresh trade developments

Equities in Europe traded mixed on Wednesday as investors digested the latest developments in trade on the other side of the Atlantic.

The US administration and the House yesterday finally agreed on the remaining sticking points in the USMCA, clearing the last hurdle before the document can be ratified in Congress. However, the NAFTA replacement won't be even considered in the Senate before the new year. According to Senate Majority Leader Mitch McConnell, the upper chamber will discuss the new deal after the impeachment trial.

There are no major data releases in Europe for the day.

German stocks struggled to remain above the flat line, with the DAX trading 0.06% in the green at 7:25 am CET. In France, the CAC 40 declined 0.06% at the same time, while the British FTSE 100 advanced 0.16 at 7:25 am CET as investors seemed to brush off concerns regarding unchanged GDP and a trade deficit expansion.

The euro lost 0.06% against the dollar, changing hands for 1,10890 at 7:28 am CET, while the pound retreated 0.40% versus the greenback, to go for 1,31369 at 7:29 am CET.

Breaking the News / GG