AOI, Dassault sign new partnership to advance defense industrial cooperation    Egypt unveils ambitious strategy to boost D-8 intra-trade to $500bn by 2030    Egypt discusses rehabilitating Iraqi factories, supplying defence equipment at EDEX 2025    Private Egyptian firm Tornex target drones and logistics UAVs at EDEX 2025    Egypt's Abdelatty urges deployment of international stabilisation force in Gaza during Berlin talks    Egypt begins training Palestinian police as pressure mounts to accelerate Gaza reconstruction    Egypt opens COP24 Mediterranean, urges faster transition to sustainable blue economy    Egypt's Health Minister leads high-level meeting to safeguard medicine, medical supply chains    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Egypt launches digital guide for old tenant law tenants applying for alternative housing    Egyptian pound vs. dollar in Tuesday early trade    Egypt's FM touts investment reforms to German firms at Berlin business forum    US Embassy marks 70th anniversary of American Center Cairo    Giza master plan targets major hotel expansion to match Grand Egyptian Museum launch    Australia returns 17 rare ancient Egyptian artefacts    China invites Egypt to join African duty-free export scheme    Egypt calls for stronger Africa-Europe partnership at Luanda summit    Egypt begins 2nd round of parliamentary elections with 34.6m eligible voters    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt scraps parliamentary election results in 19 districts over violations    Egypt extends Ramses II Tokyo Exhibition as it draws 350k visitors to date    Egypt signs host agreement for Barcelona Convention COP24 in December    Al-Sisi urges probe into election events, says vote could be cancelled if necessary    Filmmakers, experts to discuss teen mental health at Cairo festival panel    Cairo International Film Festival to premiere 'Malaga Alley,' honour Khaled El Nabawy    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egypt adds trachoma elimination to health success track record: WHO    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Egypt launches Red Sea Open to boost tourism, international profile    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







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European markets seen mixed as investors gear up for U.S.-China trade talks
Amwal Al Ghad Published in Amwal Al Ghad on 10 - 10 - 2019

European markets were seen opening cautiously Thursday, with high-level trade talks between the U.S. and China set to commence against a backdrop of geopolitical tensions.
The FTSE 100 was seen roughly flat at 7,166, the DAX was expected to edge around 7 points higher to 12,101 and France's CAC 40 was set to climb around 10 points to 5,509, according to IG data.
Trade negotiations between the world's two largest economies are due to recommence in Washington later on Thursday, with the White House denying a report from the South China Morning Post (SCMP) that Chinese Vice Premier Liu He intends to leave after the first day of minister-level meetings.
CNBC reported, citing a White House official, that Liu is still scheduled to leave on Friday evening.
The SCMP also reported that no progress was made between deputy-level delegations from Washington and Beijing on Monday and Tuesday, citing unnamed sources with knowledge of the meetings.
There had been reports Wednesday that China was considering a partial deal, but the White House official told CNBC that President Trump has yet to decide whether a breakthrough can be made.
Trump also faces a domestic backlash from fellow Republicans on his decision to withdraw U.S. troops from Syria, a move that has enabled Turkey to attack formerly U.S.-allied Kurdish militia in northeast Syria. Turkey's lira slid on Wednesday, breaking through a perceived key support level of 5.85 against the dollar.
Meanwhile, Asian stocks rebounded Thursday after the New York Times reported Wednesday that U.S. President Donald Trump is set to grant licenses permitting American companies to sell nonsensitive supplies to blacklisted Chinese telecommunications giant Huawei.
Back in Europe, a meeting between U.K. and European Union Brexit negotiators has been delayed until Friday, Reuters reported, after the EU told British Prime Minister Boris Johnson that substantial concessions are required if a last-minute deal is to be agreed before the October 31 deadline.
On the data front, U.K. GDP estimates for August are due at 9.30 a.m. London time, along with manufacturing, services, industrial output and trade figures.
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