European stocks seen slightly higher amid US-China trade optimism

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European stocks are set to open higher on Thursday amid hopes that the U.S. and China will be able to resolve their protracted trade battle.

In Europe, Brexit continues to weigh on investors' minds.

Traders are monitoring the latest global trade developments after President Donald Trump said on Wednesday that a deal to end the standoff between the two countries could happen sooner than expected. Fears of heightened political uncertainty remain however, amid an impeachment inquiry launched by House Democrats into the U.S. leader. The White House on Wednesday released a rough transcript of Trump's call with Ukrainian President Volodymyr Zelensky, which sparked the impeachment bid.

Back in Europe, Brexit continued to weigh on investors' minds, after U.K. Prime Minister Boris Johnson stuck by his view that the country's Supreme Court was wrong to rule his suspension of Parliament unlawful.

 

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