European shares are set to open higher after a report said the U.S. and China are making swift progress in trade talks.
European shares are set to begin Thursday's session in the black after a report said the U.S. and China are making swift progress in trade talks.Britain's FTSE 100 was seen 26 points higher at 7,206, Germany's DAX 5 points higher at 11,418 and France's CAC up 11 points at 5,312, according to IG index data.
But gains look set to be capped by lingering jitters over a slowdown in economic growth. Bond markets have in the past week signaled a U.S. recession may be coming, with the U.S. 10-year Treasury yield recently falling below that of the 3-month bill, in what is known as a yield curve inversion. Back in Europe, the fate of Brexit looked as uncertain as ever. British Prime Minister Theresa May offered to resign if her twice-defeated withdrawal deal was finally passed by Parliament, in a move that failed to impress some hardline Brexiteers and Northern Ireland's DUP party.
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