Forex Marketz Daily Forex News – Fully Markets Update
The European financial markets are set to ring the opening bell lower as trading on Monday begins. There are headlines indicating that the United States wants the upper hand when trade negotiations between them and China restart in October by placing possible investment curbs on China.
Futures are showing that the European benchmark in London, the FTSE 100 is seen eight points lower. In France the CAC 40 is shown about ten points lower and the German DAX is shown opening 17 points lower.
On Friday, Bloomberg news reported that U.S. President Donald Trump wants his administration to enter trade talks with China in a strong position when they restart in two weeks.
The White House is looking to place new pressure, financial wise, on China. These include delisting Chinese companies on U.S. equity markets and limiting government pension fund investments in the financial markets in China.
European Traders watch Trade Related Comments on Brexit News
When the markets open in the European continent and London, traders are monitoring news as the United States are expected to hold high level trade negations early in October.
Both China and the United States, the world’s two largest economic powerhouses, have imposed tariffs on billions of dollars’ worth of goods since the beginning of 2018. This has rattled the global financial markets and business and consumer sentiment around the world
U.K. Prime Minister Boris Johnson, on Sunday, said that he is not reigning even if he fails to achieve a deal with the European Union for when the United Kingdom exits October 31. He says that his Conservative coalition will deliver on Brexit as promised and on time.
