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European stocks set to open cautiously higher on signs of trade war easing

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European stocks were seen opening higher on Friday after China struck an accommodating tone over its trade war with the U.S. and British opposition lawmakers plan to trigger an emergency debate to prevent a no-deal Brexit.

rumbles on. Opposition Labour party leader Jeremy Corbyn said on Thursday that it would trigger an emergency debate in parliament next week, in a bid to stop Johnson taking Britain out of the European Union without a withdrawal deal on October 31., and the elevated risk of it becoming reality has sent sterling lower. The pound was trading down at around $1.2185 on Friday morning.

U.K. consumer sentiment surveys revealed that confidence ebbed away from British businesses and consumers in August as the Brexit crisis metastasized, suggesting political turmoil is increasingly impacting the economy.

 

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How is the trade war easing lol. What’s changed

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