European stocks seen sharply higher after US-China trade truce

European Markets: FTSE, GDAXI, FCHI, IBEX

Following a meeting on the sidelines of the Group of Twenty summit over the weekend, President Trump and President Xi confirmed that they do not intend to levy any new tariffs against each other's products at present, while Trump suggested a reversal of his administration's decision to ban American companies from selling products to Chinese telecommunications giant Huawei.as investors reacted to the weekend's news.

Back in Europe, an emergency European Union summit to decide top jobs at the bloc ran into trouble again, after a deal hatched by several European leaders to appoint former Dutch foreign minister Frans Timmermans as president of the European Commission was rejected by center-right and eastern European leaders.comes into force Monday, following the collapse of political treaty talks between Switzerland and the EU.

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Europe Circumvents U.S. Sanctions On IranThree EU governments have created an SPV which would enable companies to trade with Iran without breaking sanctions. Iran can go get bent for all i care😡 OK. What is your theory FakeNews . Are you saying that realDonaldTrump SecretaryRoss stevenmnuchin1 not at all aware of the tactics of the traitors from UK, France and Germany? Guess what, he does. “Europe does what it likes regardless of what the US thinks” There, fixed it for you 👍
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