The resumption of Sino-US debate reassures European stock markets

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The Eurostoxx ended the day on a rise of 0.92%.

European stock markets finished higher on Thursday, keeping hope in a positive outcome to US-China trade talks, as Donald Trump and China's deputy premier meet on Friday.

"Everyone is waiting" for future developments on the Sino-US trade front, commented AFP Andrea Tuéni, an analyst at Saxo Bank.

"A last tweet from Donald Trump on the fact that he will receive the Chinese vice premier at the White House, tomorrow, gives hope again" on these negotiations, he added.

The US president announced Thursday that he will meet on Friday at the White House Liu He, currently in Washington to try to break the stalemate of the trade war, but the US president has left some doubt on his "desire" to sign a deal.

However, caution is still needed, according to him, as "we have had a lot of contradictory news since yesterday about this commercial issue on which we blew hot and cold".

This is why "we risk having a jolt in one direction or another until tomorrow according to the news that will come out of these discussions," he said.

In this context, investors were less sensitive to the latest advances on the Brexit front.

British Prime Minister Boris Johnson and his Irish counterpart Leo Varadkar said Thursday a "road to a possible agreement" on the Brexit, without explaining how they expected to exit the negotiations deadlock less than three weeks from the expected date of divorced.

On Wall Street around 18:00 GMT, the Dow Jones Industrial Average gained 0.64% to 26,513.30 points, the Nasdaq index, with strong technological color, rose by 0.57% to 7,948.56 points, and the S & P 500 broad index of 0.71%, to 2,940,18 points.

Eurostoxx, for its part, gained 0.92%.

On the values ​​side

LVMH BONDIT

The world leader in luxury has taken full advantage (+ 5.56% to 376.85 euros) of growth still in good shape, since it garnered 13.3 billion euros of sales in the third quarter, " despite a difficult context in Hong Kong. In its wake, Kering also progressed (+ 4.20% to 462.60 euros).

DEUTSCHE BANK

The German group finished up 2.70% to 6.46 euros). The US banking regulator has abandoned its proposal to subject local branches of foreign banks to strict new rules on liquidity, a move that should benefit in particular Deutsche Bank, strongly established in this market, wrote on Thursday. Financial Times.

THE MINING AND STEEL SECTOR PROGRESS

This sector was driven by hopes on Sino-US trade negotiations. In London, Antofagasta took 4.47% to 864.00 pence and BHP 1.96% to 1.696.60 pence. In Paris, ArcelorMittal jumped 6.20% to 12.71 euros and Eramet 3.22% to 45.85 euros.

The clues at a glance

Paris – CAC 40: + 1.27% to 5.569,05 points
Frankfurt – Dax: + 0.58% to 12,164.20 points
London – FTSE 100: + 0.28% to 7.186,36 points
Milan – FTSE MIB: + 1.03% to 21,756.30 points
Madrid – IBEX 35: + 1.25% to 9,104.40 points
Lisbon – PSI 20: + 0.48% to 4,944.46 points
Swiss Stock Exchange – SMI: + 0.74% to 9,903.02 points
Amsterdam – AEX: + 0.46% to 568.37 points
Brussels – BEL 20: + 1.39% to 3.657,77 points



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