Global Market News

European Stock Markets Broadly Higher


Last updated: 10/09/2019 06:55:50

06:55 AM EDT, 10/09/2019 (MT Newswires) -- As of near 6.50am ET, European stock markets were broadly higher, as risk appetite started to improve. Brexit concerns eased somewhat, with many suspecting that Boris Johnson's latest ongoing threat to leave without a deal on October 31 is a grand bluff aimed at amplifying his people vs parliament narrative ahead of the upcoming general election (date TBC). There is also still lingering hope of progress on the U.S.-Sino front ahead of this week's talks. DAX and FTSE 100 were up 0.9% and 0.6% respectively, while U.S. futures were 0.8-1.0% higher. Trade jitters after signs of fresh tensions between the U.S. and China still dominated trading across Asia, although most indices closed above lows. Topix and Nikkei closed with losses of -0.20% and -0.61%. The Hang Seng declined -0.8%, but CSI 300 and Shanghai Comp recovered early losses and closed 0.1% and 0.4% higher.
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