The main European stock exchanges are expected to rise Thursday at the opening, in the hope of progress in negotiations between the United States and China and pending a package of measures to support the growth of the European Central Bank (ECB) at the end of its meeting. (Photo credits: teenager -)
- * US and China show signs of goodwill
- * Chinese stock exchanges and yuan boosted by trade optimism
- * Attention is turned to ECB announcements in the afternoon
- * Oil recovers after its fall from the day before
- * CAC expected up 0.28% and Dax up 0.53%
by Juliette Rouillon
PARIS, September 11 (Reuters) – Major European stock exchanges are expected to rise on Thursday at the opening, in the hope of progress in negotiations between the United States and China and waiting for a package of measures to support the growth of the European Central Bank (ECB) at the end of its meeting.
According to the benchmark index futures, the Paris CAC 40 .FCHI could take around 0.28% at the beginning of the session. The Dax in Frankfurt .GDAXI and the FTSE in London .FTSE would earn respectively 0.53% and 0.41%.
US President Donald Trump has agreed to postpone a two-week increase in tariffs on Chinese goods at the request of Deputy Prime Minister Liu He, chief trade negotiator for Beijing, as a "good gesture" will".
China announced Wednesday that 16 US product categories would be exempted from new tariffs it is preparing to apply in retaliation for US barriers, just days from a meeting between negotiators from both countries.
Investors are now waiting for decisions in the afternoon of the ECB to support the eurozone economy and try to boost inflation.
The ECB should downgrade some of its growth forecasts and new projections will only foreshadow a slight acceleration of both headline and core inflation in the coming years, said two analysts. sources close to the file.
VALUES TO FOLLOW:
A WALL STREET
Wall Street finished higher on Wednesday, spurred by appeasement in the trade dispute between China and the United States.
The Dow Jones .DJI index gained 0.85% to 27,137.04 points, the broader S & P-500 .SPX gained 0.72% to 3,000.93 points and the Nasdaq Composite .IXIC gained 1, 06% to 8,169.68 points.
The Tokyo Stock Exchange .N225 ended up 0.75% and the MSCI index aggregating the values of Asia and the Pacific (excluding Japan) .MIAPJ0000PUS gained 0.5%. The Shanghai .SSEC Composite Index gained 0.75% and the Yuan hit a three-week high as a result of the new US duty deferral.
The ten-year US10YT = RR yield rose to 1.7730%, a five-week high, continuing its rise started on September 4th.
On the European market, the yield of the ten-year bund DE10YT = RR is virtually unchanged at -0.56% in the first exchanges.
The dollar briefly rose to a six-week peak against the yen, at 108.175, after the exchange of signs of goodwill between Washington and Beijing.
The euro is stable at 1.1010 dollar pending the announcement of the ECB at 13.35, before the press conference of its president Mario Draghi at 14.30.
Oil prices are recovering, erasing some of their heavy losses the day before, supported by the easing of relations between Washington and Beijing and a decline in US crude inventories to their lowest level in almost a year.
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