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European Markets Are Optimistic About US-China Trade Talks

European shares are expected to open as market participants track signs of progress in US-China trade talks. The FTSE 100 with 7 points for 7399, the CAC expects about 32 points to open 5455, while the DAX should start 91 points at 11,845.

Market analyst, Larry Kudlow, said Washington was counting on more progress in this week’s talks. The US Trade Representative, Robert Lighthizer and Finance Minister, Steven Mnuchin shared their dialogue with Chinese Deputy Prime Minister, Liu He in Washington on Wednesday shortly after both sides announced progress on negotiations last week.

A long trade dispute between the world’s two largest economies has affected financial markets in recent months, weakening the climate for businesses and consumers. In Asia, the broader MSCI stock index for the Asia Pacific region, excluding Japan, increased by about 0.5%.

US Trade Representative Robert Lighthizer and Finance Minister Steven Mnuchin are due to resume talks with Chinese Deputy Prime Minister, Liu He in Washington on Wednesday shortly after both sides announced progress on negotiations last week. A long trade dispute between the world’s two largest economies has affected financial markets in recent months, weakening the atmosphere for businesses and consumers.

In Asia, the broader MSCI stock index for the Asia Pacific region, excluding Japan, increased by about 0.5%. If nothing behind the scenes is approved in the coming days, the world’s fifth largest economy is about to leave the bloc devoid of agreement on April 12. As regards the dates, the euro area should unveil the sales numbers in the annual and monthly details.

Euro zone has witnessed a sluggish business activity in the previous month. Auto stock and basic resources of Europe in-sync with China went up by 1.6%. And this whole activity comes at the time when there is an intention of talks amid two major economies of the world.

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