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1/16, 9:01 AM (Source: TeleTrader)
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Europe opens higher after US, China sign trade deal

Markets in Europe opened with gains on Thursday on trade optimism after the United States and China signed their phase one trade deal and Washington stated that phase two talks are already underway. On the data front, investors digested German inflation figures which showed consumer prices in Europe's largest economy rose 1.4% in 2019.

The FTSE 100 rose 0.27% at 9:00 am CET. Experian led the gains as its shares jumped 2.23% at 9:01 am CET.

The DAX increased 0.23% at 9:03 am CET with Wirecard, up 1.32%, as the best performer.

The CAC 40 added 0.12% at 9:00 am CET as STMicroelectronics climbed 1.22% at 9:01 am CET.

The euro traded flat against the dollar to go for 1.11506 at 9:04 am CET and the pound was up 0.05% compared to the US currency to sell for 1.30360 at the same time.

Breaking the News / NP