Forex Marketz Daily Forex News – Fully Markets Update
European markets are seen opening higher today as new reports are suggesting that President Donald Trump is expected to delay tariffs on European Union autos by six months.
Traders are also monitoring simmering tensions in Hong Kong as well as trade talks between China and the United States.
Futures are showing that the European benchmark in London, the FTSE 100 will open higher by nine points. The CAC 40, in France, is shown opening higher by 23 points. The German Dax is seen opening 60 points higher this morning.
Sentiment is boosted by reports that President Trump would announce a delay to EU auto tariffs this week. He will delay them by up to six months. This is calming nerves that another trade war front is opening.
European Traders wait on Sino-US Trade Commentary and Clarity
Traders are monitoring trade commentary between China and the United States closely. This trade war has weighed heavily on global economic growth and roiled the financial markets. There are rising concerns as to when and if the preliminary trade deal will actually be signed.
Over the weekend, President Donald Trump said that trade talks with China were moving along very nicely.” Trump said that the United States would only sign a trade agreement that was good for the U.S. He said that the United States had no plans to lift tariffs at this time.
Also, the United States has supported protestors in Hong Kong. This could force China to reiterate their stance for two countries one policy stance.
