The European Stock Exchange opened up as investors were waiting for what will be achieved in the US and China trade agreement negotiations over the weekend.
FTSE 100, following the price development of the shares listed on the London Stock Exchange, was 0.4 % higher than yesterday’s decision.
The Paris CAC 40 and Frankfurt’s Dax were up by 0.5 %. Madrid’s IBEX 35 was in a 0.1 % slope.
The Stoxx Europe 600, following the shares of European listed companies, was up by 0.3 %. The index was drawn up, especially from energy and health companies.
On Wednesday of the early part of the year, the dietary medicine manufacturer reported his earnings Novo Nordisk There was one of the toughest rises in the index of 2.8 % in Kiri 441.00 for the Danish crown.
Swiss negotiations
US president Donald Trump Created a market milling when he announced at the beginning of last month that he would hit the numerous countries with high additional duties. However, the duties remained at 10 % for 90 days.
The United States has since discussed, for example, the European Union, Canada, Mexico, Japan, Vietnam and India. Those following the market have speculated that Trump’s additional duties could be negotiating tactics.
Yesterday, Britain and the United States reported on a trade agreement, the details of which will be negotiated in the coming weeks, according to Trump. This is the first trade agreement after setting Trump’s import duties.
At the weekend, US and China representatives are scheduled to meet in Switzerland. The first is represented by, among other things, Minister of Finance Scott Betting and the latter Chinese Deputy Prime Minister He Lifeng.
Trump has said that negotiations with China could produce concrete advances. If the negotiations go well, he could consider calculating 145 % duties set for several products. China has 125 % newcomers.
According to Bloomberg’s anonymous sources, the United States would aim to lower duties to less than 60 % if China is ready to come as much. However, according to sources, the situation is challenging and duties may not decrease very soon.
“Optimism may not have the foundation”
Treasurer Manulife Investment Managementin portfolio manager Marc Franklin Evaluate Bloomberg that there is more and more optimism on the market for calculating customs.
“If optimism has progressed to the point that people think of the fast and easy negotiations in China and the United States, optimism may not have the basis,” Franklin said, adding that in this case, market volume would return.
Yesterday, the US stock exchanges ended up on the rise: S&P 500 and Dow Jones to 0.6 %, while NASDAQ was 1.1 %. Stock exchange futures set the rise to the S&P 500 and Nasdaq, but Dow Jones’ futures were swinging.
According to Bloomberg news agency Howard Lutnick has said that the conclusion of contracts with Japan and South Korea takes significantly more time.
Japanese in the negotiations representative Ryosei Akazawa refused to comment on Lutnick’s comment. He stated that the United States and Japan have agreed to sign the agreement as soon as possible.
German Federal Chancellor Friedrich Merz And Trump has once again stated that trade disputes should be resolved quickly. Merz made his first call to Trump on Tuesday.