8/16/2019, 9:03 AM (Source: TeleTrader)
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Europe starts higher on trade optimism, FTSE open delayed

Markets in Europe opened with gains on Friday as trade concerns eased slightly after United States President Donald Trump said he believes China wants to reach a deal with the US and will not carry out its threats about imposing retaliatory measures to upcoming tariffs. Meanwhile, European Central Bank's Governing Council member Olli Rehn stated that the central bank's stimulus package, which will be announced next month, will "overshoot expectations."

The FTSE 100's opening was delayed due to "potential trading services issues" at the London Stock Exchange.

The DAX rose 0.31% at 9:02 am CET with Infineon climbing 1.90% at 9:03 am CET.

The CAC 40 traded 0.34% higher at 9:01 am CET. ArcelorMittal led the gains as its stock increased by 1.64% at 9:02 am CET.

The euro dipped 0.04% against the dollar to sell for 1.11023 at 9:07 am CET.

Breaking the News / NP