12/5/2019, 7:40 AM (Source: TeleTrader)
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Europe rises slightly premarket on trade optimism

European stocks slightly rose in premarket trading on Thursday on fresh hopes the United States and China will reach a phase one trade deal soon. US President Donald Trump claimed that negotiations with Beijing are "going well," while media reported the two sides are nearing an agreement on canceling some tariffs on each other's goods and finalizing the phase one deal.

Meanwhile, investors are awaiting GDP, employment and retail sales data from the Eurozone, as well as factory orders figures from Germany.

The FTSE 100 added 0.06%, the DAX gained 0.08% and the CAC 40 was up 0.03% at 7:37 am CET. The euro and the pound both traded flat against the dollar, going for 1.10816 and 1.31065, respectively, at 7:40 am CET.

Breaking the News / NP